Tata Elxsi Share Price Jumps 7% After Q2 Results As Revenue Rises 15%; Why Is The Stock Rising?
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Tata Elxsi shares extended their recent recovery with a 7% jump on October 14. Despite the rally, the stock remains under pressure over longer periods, falling more than 22% in six months and nearly 36% over the past year.
Tata Elxsi shares jumped more than 7% on Wednesday, October 14, after the company's Q2 FY27 results showed double-digit revenue growth and an improvement in operating margins, putting the Tata Group stock among the notable movers in morning trade.
The stock was trading at ₹3,674.20 on the NSE at 10:38 am, up ₹247.50 or 7.22%. The stock had closed at ₹3,426.70 in the previous session and climbed to an intraday high of around ₹3,710 on Wednesday.
The rally came after Tata Elxsi reported revenue from operations of ₹1,055.7 crore for the September quarter, up 15% year-on-year and 3.4% sequentially. Net profit rose around 10% from a year earlier to ₹170.3 crore.
Operating performance also improved during the quarter. EBITDA stood at ₹231.4 crore, up 7.1% sequentially, while the EBITDA margin came in at 21.9%. Revenue growth was broad-based across Tata Elxsi's key Transportation, Media and Communications, and Healthcare and Life Sciences businesses.
Why Is Tata Elxsi Share Price Rising Today?
Tata Elxsi shares gained after the September-quarter numbers showed an improvement in revenue growth and operating performance.
Revenue grew 2.3% sequentially in constant-currency terms during Q2. The Transportation business, which accounts for more than half of the company's software development and services segment, grew 2% sequentially in constant currency.
Media and Communications revenue grew 3.4% sequentially in constant currency, while Healthcare and Life Sciences recorded growth of 3.5%.
Tata Elxsi also secured a strategic multi-year deal from a leading automotive original equipment manufacturer for a next-generation cloud-based telematics and connected vehicle ecosystem during the quarter.
The company said growth in Media and Communications was supported by continued deal ramp-ups across leading customers and new deal wins. It also saw continued traction in aerospace and announced a strategic collaboration with Sarla Aviation to support the development of Shunya, an indigenous electric vertical take-off and landing aircraft.
Tata Elxsi Share Price Performance
Tata Elxsi shares touched an intraday high of around ₹3,710 on October 14 after opening at ₹3,467.10. At ₹3,674.20 at 10:38 am, the stock was up 7.22% from its previous close of ₹3,426.70.
The latest rally has also strengthened the stock's near-term performance. At the current market price, Tata Elxsi has gained around 19% over the past week and nearly 7% over the past month.
Despite the recent recovery, the stock remains down around 30% in 2026 so far.
Tata Elxsi has traded between ₹2,996 and ₹5,950 over the past 52 weeks. At the current share price, the company's market capitalisation stands at approximately ₹22,900 crore.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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