Kolkata: Tata Elxsi shares declined by close to 3.5% as soon as trading began today, April 22. The shares fell to Rs 4,491.60 after declining by Rs 159.10. Analysts has attribute thee decline to a soft revenye growth compared to the bottomline. Tata Elxsi on Tuesday, April 21, posted a more than 100% jump in PAT for Q4FY26 period which stood at Rs 220.4 crore, which is more than double from the PAT figures of Rs 108.9 crore it clocked in the earlier quarter. The Q3FY26 period PAT was dented by a one-time cost of the newly-introduced labour codes. The revenue of Tata Elxsi stood at Rs 993.8 crore for Q4Fy26 period compared to Rs 953.5 crore for the Q3FY26 period. “We ended FY’26 with a revenue of Rs. 3,757.4 crore and PBT margin of 23.4 per cent. The company registered a healthy QoQ growth of 4.2 per cent. Our Media & Communications business, which accounted for 32.7 per cent of revenue during the quarter, registered a strong growth 5.6 per cent QoQ in constant currency terms over the previous quarter,” said Manoj Raghavan, MD & CEO, Tata Elxsi. It is a design and technology services firm of the group.
Tata Elxsi shares
The shares fell to Rs 4,491.60 after declining by Rs 159.10 as trading began today. The decline was by 3.42%. At close of trade on Tuesday, Tata Elxsi shares were trading at Rs 4,660.00, up Rs 143.40 or 3.17%. The rise was attributed to expectations of a robust Q4 results. Its 52-week high and 52-week low are Rs 6,735.00 and Rs 3,966.20 respectively. The stock fell 14.82% in the past six months and 14.96% in the past one year.
Rise in EBITDA margin
The EBITDA margin of the company also registered a rise compared to the previous period. While it was 23.3% for the Q3 period, it rose to 24.6% for the Q4 period. The company posted an EBITDA of Rs 244.6 crore for the Jan-March period. “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,” Raghavan said.
Tata Elxsi dividend
The company’s board announced a dividend of Rs 75 per equity share carrying face value of Rs 10. The dividend has to be ratified by the shareholders at the AGM of the company.
New deals
The MD & CEO highlighted two deals that can fuel future growth. “In our transportation business, while our revenues in Q4’26 consolidated after a strong 7.3 per cent QoQ constant currency in Q3’26, we are delighted with two strategic wins – one in 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 per cent of overall revenues for our transportation business,” Raghavan was quoted as saying.
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