Bangalore, October 13, 2026: Tata Elxsi, a global leader in design-led technology services, has announced its financial results for the second quarter of the fiscal year 2026-27, reporting a robust year-on-year revenue growth of 15%. The company, listed on both BSE and NSE, recorded an operating revenue of Rs. 1,055.7 crore, marking a quarter-on-quarter increase of 3.4%.
The company’s growth was broad-based across its key verticals, with the transportation segment, which constitutes over half of Tata Elxsi’s software development services (SDS) segment, achieving a 2.0% QoQ growth in constant currency. Notably, the company secured a strategic multi-year deal with a leading automotive OEM for a cloud-based telematics and connected vehicle ecosystem, reflecting its expanding footprint in the automotive industry.
In the media and communications vertical, accounting for 33.6% of the SDS segment, Tata Elxsi reported a 3.4% QoQ growth in constant currency. This was driven by ongoing deal expansions with existing clients and new strategic wins, including a significant AI deal from a global technology leader. The healthcare and life sciences vertical also demonstrated a healthy 3.5% QoQ growth, bolstered by a comprehensive product engineering mandate from a global leader in renal care.
The company reported an EBITDA of Rs. 231.4 crore, reflecting a 7.1% QoQ growth, with EBITDA margins improving to 21.9%. This margin expansion occurred despite salary revisions, highlighting Tata Elxsi’s focus on operational efficiency. The company continues to invest in AI and innovation, evidenced by its strategic investment in KAVIA AI, aimed at transforming complex software environments.
Analysts view Tata Elxsi’s performance as resilient amidst a volatile macroeconomic environment. The company’s strategic focus on AI-driven development and operational excellence positions it well for sustained growth in the latter half of the fiscal year. As Tata Elxsi continues to leverage digital technologies, its ability to secure strategic partnerships and expand its service offerings remains a key driver of its success.
