Tata Elxsi Q3 Profit Falls 45% Due to One-Time Labour Code Charge; Revenue Rises Slightly

Tata Elxsi reported a 45% year-on-year decline in consolidated net profit to Rs 108.89 crore in Q3 FY26, primarily due to a one-time exceptional charge of Rs 95.69 crore linked to new Indian labour codes. Despite this, revenue rose marginally by 1.5% to Rs 953.47 crore, driven by growth in the transportation vertical. The company’s CEO expressed confidence in recovery for media, communications, and healthcare sectors in Q4. Shares fell over 3% following the results, reflecting market reaction to profit pressure amid steady demand.