Mumbai, July 11 -- EBITDA dropped by 26% YoY to Rs 186.7 crore in the first quarter. EBITDA margin for Q1 FY26 was 20.9% as against 27.2% in Q1 FY25.

Profit before tax in Q1 FY26 stood at Rs 196.3 crore, down by 22.2% from Rs 252.4 crore in Q1 FY25.

In Q1 FY26, Tata Elxsi won a multi-million USD Design Digital deal with a US headquartered global technology leader for a major data and insights program for next generation AI and product-feature development.

The company was also selected as a strategic partner for medical device testing & certification and regulatory compliance for a cardiovascular portfolio of products.

Manoj Raghavan, CEO and Managing Director, Tata Elxsi, said: "This quarter was challenging across key markets, with ma...