Tata Elxsi Q1 FY27: Revenue crosses Rs. 1,000 crores as deal execution holds firm

Revenue from operations was INR 1,021.1 crores in Q1 FY27, up 2.8% QoQ from INR 993.8 crores and up 14.5% YoY from INR 892.1 crores.

EBITDA margin was 21.2% in Q1 FY27 versus 24.6% in Q4 FY26. EBIT margin was 19.0% in Q1 FY27 versus 22.3% in Q4 FY26.

Within Software Development & Services (96.9% of operating revenue), Transportation was 55.3%, Media and Communications 33.4%, Healthcare and Life Sciences 9.2%, and Others 2.1%.

CFO cited one-off or short-term costs (about 150 bps) including transition costs, retention-related costs, certain customer-related costs, and upfronting annual costs. Additional investments (about 220 bps) included onsite ramp-ups and subcontractors for US transitions, plus higher provisions related to a customer Chapter 11.

Top 5 clients accounted for 49.2% of revenue and top 10 clients accounted for 59.7% of revenue in Q1 FY27.

In Q1 FY27, Europe was 42.2%, Americas 31.7%, India 16.4%, and Rest of World 9.7%.