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The Economic Times

Veer Sharma

Tata Elxsi shares slide 6% after weak Q1 results. Why Motilal Oswal sees 16% downside from current levels?

Tata Elxsi Motilal Oswal Choice Institutional Equities Healthcare Transportation

Shares of Tata Elxsi slipped 6% to their day’s low of Rs 3,474 on the BSE on Wednesday after it reported a net profit of Rs 170.6 crore for the quarter ended June 30, 2026, marking a growth of 18.2% year-on-year (YoY). Revenue from operations rose 14.5% YoY and 2.8% sequentially to Rs. 1,021.1 crore.

The company's profit before tax (PBT) stood at Rs. 232.5 crore during the quarter, up 18.4% from a year ago, with a PBT margin of 21.9%.

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