Results - Analysis
Revenue up 5% YoY to Rs 3729 crore in FY2025
On standalone basis
Quarter ended March 2025 compared with Quarter ended December 2024.
Net sales (including other operating income) of Tata Elxsi has declined 3.28% to Rs 908.34 crore.
Quarter ended March 2025 compared with Quarter ended March 2024.
Net sales (including other operating income) of Tata Elxsi has increased 0.26% to Rs 908.34 crore.
Full year results analysis
Net sales (including other operating income) of Tata Elxsi has increased 4.98% to Rs 3,729.05 crore. Operating profit margin has declined from 29.46% to 26.09%, leading to 7.02% decline in operating profit to Rs 972.95 crore. Purchase of finished goods cost rose from 5.46% to 6.40%. Employee cost increased from 53.75% to 54.89%. Other expenses rose from 11.34% to 12.60%. Other income up 47.04% to Rs 179.31 crore. PBIDT fell 1.38% to Rs 1152.26 crore. Provision for interest fell 6.32% to Rs 18.98 crore. Loan funds declined from Rs 223.98 crore as of 31 March 2024 to Rs 192.29 crore as of 31 March 2025. Sundry debtors were lower at Rs 971.53 crore as of 31 March 2025 compared to Rs 971.59 crore as of 31 March 2024. Cash and bank balance rose to Rs 1,606.39 crore as of 31 March 2025 from Rs 1,392.47 crore as of 31 March 2024. PBDT fell 1.29% to Rs 1133.28 crore. Provision for depreciation rose 5.45% to Rs 104.87 crore. Fixed assets declined from Rs 384.69 crore as of 31 March 2024 to Rs 310.81 crore as of 31 March 2025. Intangible assets declined from Rs 13.44 crore to Rs 8.85 crore. Profit before tax down 1.93% to Rs 1,028.41 crore. Provision for tax was expense of Rs 243.47 crore, compared to Rs 256.44 crore. Effective tax rate was 23.67% compared to 24.45%. Profit after tax fell 0.92% to Rs 784.94 crore. Equity capital stood at Rs 62.28 crore as of 31 March 2025 to Rs 62.28 crore as of 31 March 2024. Per share face Value remained same at Rs 10.00. Promoters' stake was 43.91% as of 31 March 2025 ,compared to 43.92% as of 31 March 2024 . Cash flow from operating activities increased to Rs 811.98 crore for year ended March 2025 from Rs 701.23 crore for year ended March 2024. Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 16.34 crore, compared to Rs 83.02 crore during the year ended March 2024. Dividend: The Board of Directors have recommended a final dividend of 750% (Rs. 75 per equity share of par value of Rs. 10 each) for the financial year ending 31st March 2025, subject to approval by the shareholders of the company at the upcoming Annual General Meeting. Management commentary:
Mr. Manoj Raghavan, CEO and Managing Director, Tata Elxsi, commenting on the company's performance said ata Elxsi reported the fourth quarter revenues at Rs. 908.3 crores and PBT margin at 23.3%. We ended FY'25 with operating revenue of Rs. 3,729 crores and PBT margin of 26.3%
We reported a healthy QoQ growth of 3.5% in constant currency terms in Q4'25 for our Healthcare & Life Sciences segment. Our automotive business witnessed challenges in the quarter as some OEMs and suppliers paused new program starts in the face of geopolitical and market uncertainties. We won a few large deals including a 50 M Euro multi- year SDV and software engineering deal with a European Automotive leader, that will ramp up in Q1'26 and beyond.
Our media and communications business saw some customer specific issues in the quarter due to mergers and business restructuring, while the overall industry continues to exercise caution in R&D spend and innovation. I am pleased to report a strategic multi-year product engineering consolidation deal of over 100 M USD with a marquee operator in media and communications, the largest single deal in our company's history. We also won a strategic 10 M USD consolidation deal with a global broadcaster for their streaming video platform engineering.
I am delighted with the international recognition for our design digital proposition with the two iF award wins for 2025. We are transforming our customer base across industries, with a continued shift towards OEMs in the automotive industry, and operators in the media and telecom industry, while we continue to deepen our key customer relationships.
In a business environment that continues to be uncertain and volatile, we are winning large deals against the best in the world in both the automotive and media & communications verticals, which underscores the differentiated value proposition, offshore delivery excellence and deep domain capabilities that Tata Elxsi offers to our customers.
We enter the new financial year with the foundation for stability and growth laid by the large deal wins, the continued confidence of our customers across the world, a strong deal pipeline and our differentiated design-led proposition for innovation and product engineering.
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| Peer Comparision (Standalone) | Q-202503 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Sales (Rs. Crs) | var.(%) | OP (Rs. Crs) | var.(%) | Net Profit (Rs. Crs) | var.(%) | Share Price(Rs) | var.(%) over One year | TTM EPS | TTM PE | |
| Tata Elxsi Ltd | 908.34 | 0.26 | 207.66 | -20.52 | 172.42 | -12.45 | 126.03 | 38.88 | ||
| E2E Networks Ltd | 33.48 | 13.84 | 13.34 | -12.58 | 13.61 | 285.55 | 23.78 | 80.02 | ||
| TeleCanor Global Ltd | 4.25 | 1534.62 | 1.63 | 379.41 | 1.37 | 302.94 | 0.49 | 21.14 | ||
| Industry | 946.07 | 1.12 | 222.63 | -19.59 | 187.40 | -6.67 | 62.69 | |||
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