Tata Elxsi, a design-led technology services company, on Thursday reported a 14 per cent decline in its net profit for the fourth quarter of the financial year 2024-25 (Q4 FY25).
The company posted a net profit of Rs 172 crore in Q4, down from Rs 199 crore in the same period last year.
The drop in profits came as the company faced headwinds in key verticals such as automotive and media and communications.
Revenue for the quarter also slipped by 3.3 per cent year-on-year (YoY) to Rs 908.3 crore, compared to Rs 939 crore in the corresponding quarter of the previous year.
The operating margin narrowed to 22.8 per cent, down from 26.3 per cent last year, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) falling 16 per cent to Rs 207.3 crore.
Despite the slowdown, Tata Elxsi’s board has recommended a final dividend of Rs 75 per share for the financial year, subject to shareholder approval.