Tata Elxsi Ltd

Tata Elxsi has appointed Nalin Rana as the Chief Financial Officer of the Company effective 30 May 2026. Nalin Rana has 17 years of diversified experience across strategic finance, business planning, corporate strategy and investment banking. Nalin joined Tata Group in 2021 and is currently a senior leader in the Group CFO and Group Strategy Office of Tata Sons and a Member of the Board at Tata Teleservices Limited and Tata Teleservices (Maharashtra) Limited. At Tata Sons, he has responsibilities across multiple business verticals and has spearheaded key projects across strategic analysis of businesses, investments, fund raising and mergers & acquisitions. Prior to joining Tata Group, Nalin was an Executive Director in the investment banking team at Standard Chartered Bank where he was responsible for business development and execution. Nalin advised Indian and global clients on M&A and fund-raising transactions of over US$ 15 bn across multiple sectors. alin holds a post-graduate management degree from Indian Institute of Management Indore and a B.Tech. in Electrical Engineering from National Institute of Technology Silchar.

Tata Elxsi announced the resignation of Gaurav Bajaj from the position of Chief Financial Officer (Key Managerial Personnel) of the Company with effect from 29 May 2026.

JSW Motors and Tata Elxsi, a global design and technology services company, today forged an alliance to establish the JNEXT - JSW NextGen Technology Center in Pune. The center will serve as a strategic engineering hub to support the development of next-generation software-defined, AI-powered mobility solutions, aligned with the industry's shift towards connected and electrified vehicles. A Memorandum of Understanding (MoU) was signed between the two partners today to formalise the strategic partnership. The JNEXT Center will enable close collaboration with JSW Motors' R&D, manufacturing, and leadership teams. Tata Elxsi will lead the implementation of the Connected Vehicle Platform and unified customer experience app for JSW Motors' upcoming vehicle programs, owning the platform end-to-end, from conceptualisation and integration to production and aftersales support, in partnership with a broader ecosystem. The collaboration aligns with JSW Motors' vision of building a technology-led, new-energy mobility ecosystem in India, supporting indigenisation and localisation across the vehicle value chain. This strategic partnership will bring capabilities across digital and data-driven solutions such as user experience design, cloud platforms, over-the-air (OTA) frameworks, and digital twins. It will also enable intelligent solutions, spanning location based services, cybersecurity, AI/ML analytics, 5G enabled technology, and immersive technologies like AR/VR/XR to enhance customer experience across the ownership lifecycle.

Revenue from operations increased 9.4% to Rs 993.75 crore in the quarter ended 31 March 2026, compared with Rs 908.34 crore recorded in the corresponding quarter last year. Profit before tax (PBT) stood at Rs 267.77 crore, up 20.92% year-on-year during the quarter. On a quarter-on-quarter basis, net profit jumped 102.36% to Rs 220.35 crore from Rs 108.89 crore, largely due to the absence of exceptional items, while revenue from operations increased 4.22% from Rs 953.47 crore. Sequential growth was supported by controlled expenses. Total expenses increased moderately to Rs 776.6 crore from Rs 757.6 crore in Q3 FY26. In the previous quarter, the company had recorded an exceptional charge of Rs 95.7 crore related to employee benefit provisions arising from new labour codes, which had significantly impacted profitability. With no such charge in Q4, margins improved, supporting net profit. EBITDA stood at Rs 244.6 crore in the quarter ended 31 March 2026 (up 17.77% YoY and 10.08% QoQ). EBITDA margin improved to 24.6% in Q4 FY26 from 22.9% in Q4 FY25 and 23.3% in Q3 FY26. The company's total headcount in Q4 of FY26 stood at 11,540. The attrition rate stood at 15.8% in Q4 FY26 as compared to 13.3% in Q4 FY25. Manoj Raghavan, CEO and managing director (MD) of Tata Elxsi, said, 'For the fourth quarter of FY '26, Tata Elxsi reported operating revenue of Rs. 993.8 crores and PBT margin at 25.6%. We ended FY '26 with a revenue of Rs. 3,757.4 crores and a PBT margin of 23.4%. The company registered a healthy QoQ growth of 4.2%. Our Media & Communications business, which accounted for 32.7% of revenue during the quarter, registered a strong growth of 5.6% QoQ in constant currency terms over the previous quarter. This growth was led by continued deal ramp-ups, a strategic deal for AdTech, and a Tier 1 US telco win. In the quarter, we also won a multi-year large deal from a world-leading device OEM for its portfolio of video and broadband products. This strategic deal reinforces Tata Elxsi's position as a global leader in device engineering for media and telecom. In our transportation business, while our revenues in Q4 FY26 consolidated after a strong 7.3% constant currency QoQ in Q3 FY26, we are delighted with two strategic wins'one in the APAC region from a new-age OEM and another from the US from a next-generation mobility services company. These multi-year deals underscore the pivot towards SDV and OEM business, with OEM business now representing 77% of overall revenues for our transportation business. During FY'26, Tata Elxsi accelerated its enterprise-wide GenAI adoption, marked by the launch of DevStudio.ai and partnerships with leading AI companies, to embed AI responsibly across engineering, design, and delivery. With strong governance around data security, IP protection, and compliance, these initiatives are scaling beyond pilots to deliver measurable productivity gains, faster time-to-market, and improved customer outcomes. By combining domain-led AI, talent enablement, and platform-based accelerators, Tata Elxsi is strengthening its innovation quotient, long-term competitiveness, depth of client engagements, and margin expansion. I am pleased with our sustained and strong operational performance through segment-leading offshore delivery, a continued transition to fixed-bid project ownership, and the systematic and enterprise-wide adoption of AI-enabled efficiencies. These levers strengthened execution discipline and productivity, driving consistent margin improvement through the year. We closed the financial year with a consistent performance, reflecting improved execution, disciplined cost management, and continued confidence from our global customers. Growth traction across our core verticals, supported by increasing large deal wins, strong customer additions, and sustained investments in AI-led platforms and digital engineering, positions us well for the year and beyond. As we enter the next financial year, we remain focused on scaling our differentiated design-led and AI-enabled offerings, strengthening operational leverage, and driving sustainable growth and healthy margins.' Meanwhile, the company's board has recommended a final dividend of Rs 75 per equity share of face value Rs 10 each for the financial year ended 31 March 2026. Tata Elxsi is amongst the world's leading providers of design and technology services across industries, including Automotive, Broadcast, Communications, Healthcare, and Transportation. Shares of Tata Elxsi fell 3.98% to Rs 4,465 on the BSE.

Tata Elxsi has allotted 381 equity shares under ESOP on 21 April 2026. With this allotment, the paid up equity share capital has increased to Rs. 62,29,70,640/- divided into 6,22,97,064 equity shares of Rs. 10 each.

Tata Elxsi announced that the Board of Directors of the Company at its meeting held on 21 April 2026, inter alia, have recommended the final dividend of Rs 75 per equity Share (i.e. 750%) , subject to the approval of the shareholders.

Net profit of Tata Elxsi rose 27.80% to Rs 220.35 crore in the quarter ended March 2026 as against Rs 172.42 crore during the previous quarter ended March 2025. Sales rose 9.40% to Rs 993.75 crore in the quarter ended March 2026 as against Rs 908.34 crore during the previous quarter ended March 2025. For the full year,net profit declined 19.94% to Rs 628.43 crore in the year ended March 2026 as against Rs 784.94 crore during the previous year ended March 2025. Sales rose 0.76% to Rs 3757.42 crore in the year ended March 2026 as against Rs 3729.05 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales993.75908.34 9 3757.423729.05 1 OPM %24.6122.86 -22.5426.09 - PBDT291.04246.14 18 1014.601133.27 -10 PBT267.77221.45 21 920.801028.40 -10 NP220.35172.42 28 628.43784.94 -20 Powered by Capital Market - Live

Tata Elxsi will hold a meeting of the Board of Directors of the Company on 21 April 2026.

The platform integrates multiple AI agents to automate and streamline key stages of automotive software engineering, enabling faster design, coding, testing, and validation of software systems. DevStudio.ai is aligned with ASPICE (Automotive Software Process Improvement and Capability Determination) standards and supports major stages of the ASPICE V-cycle, including system and software requirements, architecture, implementation, testing, and qualification, while maintaining end-to-end traceability across the development lifecycle. The solution enables collaboration between automotive engineers and AI across engineering workflows and can operate on both cloud infrastructure and air-gapped on-premise environments, offering flexibility aligned with enterprise infrastructure and AI policies. According to the company, the platform is currently being deployed in select programs with global OEMs and Tier-1 suppliers across North America, Japan, and India, spanning body, chassis, infotainment, and software-defined vehicle (SDV) architectures. Early deployments have demonstrated improvements in productivity and speed-to-market. Sundar Ganapathi, Chief Technology Officer ' Automotive, Tata Elxsi, said, 'The automotive industry is at an inflection point. Competitive pressures now demand software development at China's speed. At the same time, companies must maintain automotive-grade quality and meet global industry standards. DevStudio.ai helps address this challenge. It brings the power of generative AI into the automotive software development lifecycle. This enables OEMs and suppliers to accelerate development while maintaining the rigor required for safety-critical automotive systems.' Tata Elxsi is amongst the world's leading providers of design and technology services across industries, including automotive, broadcast, communications, healthcare, and transportation. The company reported a 45.28% decline in net profit to Rs 108.89 crore in Q3 FY26 as against Rs 199 crore posted in Q3 FY25. However, revenue from operations rose 1.52% to Rs 953.47 crore in Q3 FY26 as against Rs 939.17 crore posted in Q3 FY25. Shares of Tata Elxsi shed 0.71% to Rs 4,369.95 on the BSE.Powered by Capital Market - Live

Tata Elxsi announced the launch of DevStudio.ai, an automotive multi-agentic solution purpose-built to accelerate the automotive software development lifecycle (SDLC) for OEMs, system suppliers, and semiconductor companies. DevStudio.ai is an ASPICE-aligned solution powered by multi-agentic architectures, enabling collaboration between automotive engineers and AI across engineering workflows. A key architectural highlight is its ability to operate on both cloud-based infrastructure and air-gapped on premise environments, delivering deployment flexibility and choice aligned with enterprise infrastructure and AI policies. While several generative AI tools are emerging to support software development, most are designed for broad-based application development. DevStudio.ai is purpose-built for the automotive SDLC, combining Tata Elxsi's deep domain expertise with generative AI to address the complexity, safety, and compliance requirements of automotive software engineering. The platform supports all key stages of the ASPICE V-cycle, including system and software requirements, architecture, implementation, testing, and qualification, while maintaining end-to end traceability across the engineering lifecycle. It also integrates seamlessly with widely used OEM and Tier-1 engineering toolchains, enabling teams to embed DevStudio.ai co-engineers directly into existing development environments. Powered by Capital Market - Live