Tata Elxsi Ltd

Allotment under PSO Plan

• Allotted 686 equity shares on October 13, 2026 under Tata Elxsi PSO Plan 2023.
• Paid-up capital rose to Rs 62,30,64,170 with 6,23,06,417 shares of Rs 10 each, from Rs 62,30,57,310.

Financial highlights

• Q2 FY27 revenue from operations: Rs 1,055.7 Cr; up 3.4% QoQ, 15.0% YoY.
• EBITDA margin rose 70 bps QoQ to 21.9%; EBITDA 231.4 Cr.
• PBT Rs 239.1 Cr; QoQ +2.9%; PAT Rs 170.3 Cr; QoQ -0.2%.
• Verticals: Media & Communications 3.4% CC QoQ; Transportation 2.0% CC QoQ.
• Healthcare 3.5% CC QoQ growth; Gen AI investments to expand AI-first offerings.

Key deals & partnerships

• Global aerospace supplier awarded multi-year cloud-based telematics and AI-enabled ecosystem program.
• US technology leader engaged for GenAI multilingual assistant development.
• Global Media & Entertainment leader for GenAI-powered enterprise knowledge graph.
• Renal care leader to redesign next-gen home dialysis system.
• Sarla Aviation Shunya eVTOL collaboration announced.
• RDK Entertainment Lab inaugurated with Comcast.

Strategic initiatives & investments

• Joined Startup Autobahn India as foundation member.
• Invested in KAVIA AI to scale AI-driven software engineering.
• TELIPORT Season 4 launched to foster AI-first engineering innovation.

Outlook & priorities

• Aim to sustain growth in H2 FY27 via differentiated Gen AI offerings.
• Maintain operational excellence and continue dealer ramp-ups.
• Invest ahead in Gen AI, applying AI to product engineering contexts.

Leadership & governance

• CEO Manoj Raghavan comments on performance and AI investments.

Financial highlights

• Operating revenue: Rs 1,055.7 Cr; +3.4% QoQ, +15.0% YoY.
• EBITDA: Rs 231.4 Cr; margin 21.9%; QoQ +7.1%.
• EBITDA margin expansion: 70 bps QoQ.

Business developments

• Transportation vertical growth 2.0% QoQ (cc terms).
• Media & Communications vertical growth 3.4% QoQ (cc terms).
• Healthcare & Life Sciences vertical growth 3.5% QoQ (cc terms).
• Won multi-year cloud-based telematics deal with automotive OEM.
• Strategic collaboration with Sarla Aviation for Shunya eVTOL.
• Gen AI deal with global technology leader for multilingual virtual assistant.
• Renal care product engineering mandate for home dialysis redesign.
• September 2026: invested in KAVIA AI; expands AI collaboration.

Outlook

• Management expects growth to sustain in H2 FY27; continuing AI-first investments.

Auditor appointment

• Deloitte Haskins & Sells LLP appointed Statutory Auditors for five years from 38th AGM to 43rd AGM.
• Term starts after the 38th AGM (2027) and ends at the 43rd AGM (2032) subject to approval.
• Current auditors BSR & Co. LLP will continue until the conclusion of the 38th AGM (2027).
• Annexure A attached with SEBI LODR disclosures related to auditor appointment.
• Appointment approved on Audit Committee's recommendation.

Financial highlights

• Income from operations: ₹1,05,565.73 lakh.
• Total income from operations (net): ₹109,056.75 lakh.
• Net profit for the quarter: ₹17,029.92 lakh.
• Profit before tax: ₹23,909.66 lakh.
• EPS: ₹27.34 (basic and diluted).
• EPS not annualized for interim periods.

Segment performance

• Software development & services revenue: ₹102,786.76 lakh.
• System integration & support services revenue: ₹2,778.97 lakh.

Balance sheet & cash flow

• Net cash from operating activities: ₹37,385.31 lakh.
• Dividend paid: ₹46,722.80 lakh.
• Total assets: ₹3,84,945.41 lakh; Total equity: ₹2,91,279.38 lakh.

Audit status & notes

• Auditors' report: unmodified.
• Exceptional item in previous year: ₹9,568.88 lakh due to New Labour Codes.
• Board approved results on Oct 13, 2026.

Tata Elxsi Ltd trading window closed from September 24, 2026 in connection with Audited Financial Results for the quarter and half-year ending September 30, 2026; The trading window shall be opened 48 (Forty-Eight) hours after the said results of the Company are declared and disseminated to the Stock Exchanges.

Meeting Details

• Date: September 22, 2026.
• Mode: Physical; Location: Mumbai.
• Type: Group Meeting; Event: J.P. Morgan India Conference.

Participants

• Key company participants: not disclosed.

Purpose

• Purpose: Analyst/Institutional investor interaction at J.P. Morgan India Conference.

Notes

• Disclosure will be available on the company website.

Investment overview

• Tata Elxsi to invest in KAVIA AI to scale AI-driven software engineering for enterprises.

Strategic objective

• Aims to help enterprises manage, modernise, and transform complex software environments at scale.

Technology collaboration

• Combines Tata Elxsi's domain-led engineering with KAVIA AI's knowledge graph and workflow platform.

Progress and deployment

• Over the past year, joint deployment addressed industry-specific engineering, release cycles, quality, resilience, and cybersecurity readiness.

Program context

• Investment aligns with Tata Elxsi's STEP.UP startup engagement program.

KAVIA AI background

• KAVIA AI provides an enterprise software engineering platform for complex codebases.