Shares of Tata Elxsi declined nearly 3 per cent on Friday after a 32.5 per cent decline in net profit to ₹154.81 crore in the September quarter of FY26.

Its net profit stood at ₹229.4 crore in the year-ago period.

Revenue from operations dipped nearly 4 per cent to ₹918 crore from ₹955 crore in Q2FY25.

Tata Elxsi CEO and MD Manoj Raghavan, said, “amidst dynamic market conditions and geopolitical uncertainties, we delivered strong q-o-q growth across overseas markets, led by the US, which grew at 7.9 per cent q-o-q.”

The transportation business, which accounts for over 53 per cent of revenue, registered a 0.7 per cent q-o-q growth in the second quarter, building on the momentum of large deal wins and global OEM SDV programs, Raghavan added.

The company’s employee count stood at 11,951

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