Daijiworld Media Network – Mumbai
Mumbai, Oct 14: Shares of Tata Elxsi, the Tata Group's design and technology services company, surged over 8% on Wednesday after the company reported a 10% year-on-year increase in net profit for the September quarter of the 2026-27 financial year.
The stock opened at Rs 3,494.95 on the BSE, compared with its previous close of Rs 3,426.40. It climbed to an intraday high of Rs 3,706, gaining Rs 279.60 or 8.16%. At the last reported level, the stock was trading at Rs 3,674.80, up Rs 248.40 or 7.25%. The company's market capitalisation stood at Rs 22,907.01 crore.
Tata Elxsi reported a net profit of Rs 170.30 crore in the July-September quarter, compared with Rs 154.82 crore in the corresponding period of the previous financial year.
Revenue from operations rose 14.98% to Rs 1,055.66 crore from Rs 918.10 crore a year earlier. On a quarter-on-quarter basis, revenue increased 3.4%, while net profit declined marginally by 0.18%.
“We have delivered strong operational excellence and resilient growth across customers and industry verticals in a volatile macro environment,” said Tata Elxsi CEO and Managing Director Manoj Raghavan.
The stock has gained 22.19% over the past four trading sessions. According to BSE Analytics, it has delivered a return of 454.74% over 10 years but has declined 41.32% over five years and 31.15% over one year.
On a year-to-date basis, Tata Elxsi shares have fallen 29.57%, compared with a 14.21% decline in the benchmark index.