Tata Elxsi, a design and know-how companies supplier, reported a 14.8% improve in Q2 net profit to ₹200 crore over final yr. The firm posted a income of ₹881.7 crore, a 15.5% development from the year-earlier quarter.
In a difficult quarter for the remainder of the trade, Tata Elxsi’s transportation enterprise grew 26.1% year-on-year, aided by massive offers and powerful traction in Software Defined Vehicle engagements, the corporate stated.
“Our transportation business, which accounts for 46.2% of the revenue coming from three verticals, witnessed a strong growth of 7.1% Q-o-Q and 26.1% Y-o-Y. During the quarter, we also won a landmark multi-year large deal for SDV from one of the leading automotive OEMs,” MD & CEO Manoj Raghavan stated.
Interestingly, when lead tech gamers principally reported a net decline in folks addition, mid-tier agency Tata Elxsi reported a net addition of 585 folks in Q2.
