All Q2 FY27 results →

TE

Tata Elxsi Ltd

Q2 FY27

Tata Elxsi Q2 FY27 earnings call: Revenue & Margins

Q2 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹3,850

Market cap₹24.0K Cr

P/E34.0

Updated16 Oct 2026

Read5 min read

Based on our transcription of the Q2 FY27 call recording. The company has not filed its transcript yet; this page will switch to it when it does.

What the Q2 FY27 call signalled

1 of 3 strong

RevenueModerate growth

MarginMargins slightly up

Order bookOrder book flat

The short version

Growth is expected to continue in the second half (H2) of the financial year, with H2 projected to be better than H1 across businesses like automotive, media & communication, and healthcare. The company expects second half (H2) of the financial year to be better than the first half (H1) in terms of revenue growth, indicating a positive trajectory in earnings. - Operational leverage is expected to play a role in margin improvement in H2, supported by wage hikes already implemented and cost control measures. - There is an anticipation of gradual and calibrated improvement in margins over the next two to three quarters. - Revenue growth is expected from multiple verticals such as automotive (especially U.S.

From Tata Elxsi Ltd's Q2 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Moderate growth

Growth is expected to continue in the second half (H2) of the financial year, with H2 projected to be better than H1 across businesses like automotive, media & communication, and healthcare. (Pages 3, 11)
Automotive growth is primarily from the U.S. and India, with Europe remaining uncertain and soft but monitored closely. (Pages 3, 11)
New deals won and ramp-ups from existing deals will support growth; both are necessary. (Page 5)
Aerospace and defense, battery energy storage systems, and smart manufacturing verticals are nascent but gaining traction, contributing to future growth. (Page 9)
Expansion is supported by diversification of customer base and geographies, including moves into Germany and Japan in healthcare vertical. (Page 11)

2 more points from Tata Elxsi Ltd's call on revenue

Pro opens every point from 15K+ earnings calls

Profitability & Margins

The company expects second half (H2) of the financial year to be better than the first half (H1) in terms of revenue growth, indicating a positive trajectory in earnings.
Operational leverage is expected to play a role in margin improvement in H2, supported by wage hikes already implemented and cost control measures.
There is an anticipation of gradual and calibrated improvement in margins over the next two to three quarters.
Revenue growth is expected from multiple verticals such as automotive (especially U.S. and India), media and communications, and healthcare, with cautiousness about Europe due to prevailing market softness.
Growth is anticipated from both existing customer ramp-ups and new deals.

2 more points from Tata Elxsi Ltd's call on margins

Pro opens every point from 15K+ earnings calls

See what Tata Elxsi Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

The transcript does not explicitly mention any specific current or future capex, capital investment, or strategic investment plans. However, a few relevant points can be inferred: - The company continues to invest in AI-first differentiated offerings as part of its strategy (Page 2, [05:20]). - There is ongoing investment in nurturing talent, reflected by the implemented wage increase to retain and reward employees (Page 2, [04:36]). - They focus on expanding delivery excellence and operational leverage to improve margins (Page 9, [37:57]).

- The company experiments and builds capabilities in new verticals like aerospace, defense, battery energy storage, and smart manufacturing, indicating potential strategic investments in these areas (Page 9, [39:48]). - Emphasis on broad-based growth and client diversification could imply investment in scaling capabilities and geographic expansion. No explicit quantitative capex commitments or timelines are disclosed.

2 more points from Tata Elxsi Ltd's call on capex

Pro opens every point from 15K+ earnings calls

Fundraising & Capital Structure

No specific guidance or announcements related to new fundraising through debt or equity were mentioned in the provided transcript excerpts.
The focus appears to be on sustaining growth, operational excellence, and margin improvement without reference to raising capital.
The company emphasized maintaining a strong business foundation, improving margins through operational leverage, and expanding growth across various verticals.

2 more points from Tata Elxsi Ltd's call on fundraising

Pro opens every point from 15K+ earnings calls

See what Tata Elxsi Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book flat

The company is closely working with OEMs and customers on several pending large deals, especially in aerospace and defense, automotive, and other verticals.
Many deals are in the final shortlist but have not been signed yet, with timelines uncertain—it could close in the current or subsequent quarters.
These complex deals typically take 2-3 quarters to ramp up as resources and teams are scaled.
Existing order book includes multi-year large deals that provide stability across automotive, media, and communications verticals.

2 more points from Tata Elxsi Ltd's call on order book

Pro opens every point from 15K+ earnings calls

Tata Elxsi Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹994 Cr, net profit ₹220 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Tata Elxsi's management said in earlier quarters

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Arthneeti Pro · Annual

Tata Elxsi Ltd and 15K+ more earnings calls,
for less than your morning chai

a day

Every earnings call, ranking and concall Q&A across all four results seasons.

Secure Razorpay payment · instant access

Frequently Asked Questions

What were Tata Elxsi Ltd Q2 FY27 results?

Growth is expected to continue in the second half (H2) of the financial year, with H2 projected to be better than H1 across businesses like automotive, media & communication, and healthcare. The company expects second half (H2) of the financial year to be better than the first half (H1) in terms of revenue growth, indicating a positive trajectory in earnings. - Operational leverage is expected to play a role in margin improvement in H2, supported by wage hikes already implemented and cost control measures. - There is an anticipation of gradual and calibrated improvement in margins over the next two to three quarters. - Revenue growth is expected from multiple verticals such as automotive (especially U.S.

What is Tata Elxsi Ltd share price analysis?

Tata Elxsi Ltd currently shows a below-average growth signal. The stock trades at a P/E of 34.0 with a market cap of ₹23,988 Cr. Investors should review the full earnings analysis for detailed insights.

Is Tata Elxsi Ltd planning capital expenditure?

The transcript does not explicitly mention any specific current or future capex, capital investment, or strategic investment plans.

Keep Tata Elxsi Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.