Tata Elxsi Q4 revenue, profit drops sequentially; announces final dividend of Rs 70/share

Tata Elxsi announced its Q4 and full year earnings. The Q4FY24 PAT came in at Rs 196.9 crore, down 4.6% QoQ as compared to the Q3 performance. The revenue in Q4 also came in muted at Rs 905.9 crore, down 0.9% QoQ.

The transportation sector is amongst the top contributors in Q4 with growth coming at 16.4% YoY in aided by sustained traction in Software Defined Vehicles (SDV). The Healthcare vertical’s growth came in at 7.2% YoY driven by new product

engineering and regulatory services. Media and Communications meanwhile declined 4.6% YoY amidst challenging industry environment and one-time ramp-down impact with one customer.