New Delhi, July 11 -- Tata Elxsi, the design and digital tech arm of the Tata Group, witnessed an 8% crash in its stock price, hitting a 9-week low of Rs.5,660 apiece during early trade on Friday, July 11, after the company's June quarter results missed analyst estimates.
The company reported revenue of Rs.892.1 crore for the quarter ended Thursday, marking a decline of 1.8% quarter-on-quarter and 3.7% year-on-year. The decline was primarily driven by macroeconomic uncertainties and slower decision-making cycles in key markets, which impacted overall demand, especially in the media and healthcare segments.
EBITDA came in at Rs.186.7 crore in Q1FY26, translating to a margin of 20.9%, down 10.1% from the previous quarter, which was largel...
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