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Tata Elxsi Q4 Results Review: Strategic Deal Wins To Partially Mitigate Near-Term Headwinds, Says DRChoksey
Although, the ramp-up of recent large deals, Tata Elxsi’s strategic pivot toward OEMs, SDV-focused engagements is likely to support revenue stability, DRChoksey believes the stock is fairly valued.
21 Apr 2025, 07:05 PM IST 
Tata Elxsi's revenue stood at Rs 9,083 million, reflecting a muted growth of 0.3% YoY (-3.3% QoQ), due to weakness in the transportation and media and communication verticals.
(photo source: Pixarbay)
Amid persistent global headwinds—ranging from geopolitical risks to evolving trade and tariff dynamics—project ramp-up delays and discretionary spend rationalization by clients continue to weigh on near-term growth visibility. Factoring in these recent developments, the brokerage reduces Tata Elxsi's FY26E/FY27E EPS by 4.0% each to Rs 142.3/ Rs 169.8 respectively.
