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Tata Elxsi shares in focus after soft topline performance in Q4 but margins strongRevenue growth remained softer than estimates. Constant currency revenue rose 0.9%, below expectations of 1.5%. For the full year, constant currency revenue declined 5.5%.By Meghna Sen  April 22, 2026, 6:55:38 AM IST (Published)1 Min ReadShares of Tata Elxsi Ltd. will be in focus on Wednesday, April 22, after the engineering research and development firm reported a sharp sequential jump in earnings for Q4FY26.

Net profit more than doubled to ₹220 crore, compared with ₹109 crore in Q3FY26, which had been impacted by an exceptional loss of ₹95.7 crore linked to labour code changes. The recovery also marks a break from a five-quarter streak of profit declines.

The improvement was supported by growth in the company's transportation and media segments, along with large deal wins and strong client additions across key verticals.

However, revenue growth remained softer than estimates. Constant currency revenue rose 0.9%, below expectations of 1.5%. For the full year, constant currency revenue declined 5.5%.

Q2FY25

Q3FY25

Q4FY25

Q1FY26

Q2FY26

Q3FY26

Q4FY26

Re Rev

955.08

939.17

908.3

892.1

918

953.5

993.8

Rev QoQ %

3.1%

-1.7%

-3.3%

-1.8%

2.9%

3.9%

4.2%

Rev YOY %

8.3%

2.7%

0.3%

-3.7%

-3.9%

1.5%

9.4%

EBITDA%

27.9%

26.3%

22.90%

20.90%

21.05%

23.30%

24.60%

PAT

229.43

199

172.4

144.36

154.8

109

220.35

Margins, on the other hand, came in stronger than expected, with EBIT margin at 22.3%, ahead of the estimated 21.5–22% range.

The company also announced a dividend of ₹75 per share.

Shares of Tata Elxsi ended 3.17% higher on Tuesday at ₹4,660, taking gains for the year so far to around 11%.Continue ReadingTagsshare market todayTata Elxsi