Tata Elxsi Q3 Net Profit Falls 45% Amid One-Time Labour Code Charge; Revenue Rises

Tata Elxsi reported a 45% year-on-year decline in Q3 net profit to Rs 108.89 crore, primarily due to a one-time charge of Rs 95.69 crore related to new labour codes. Despite this, revenue rose 1.5% to Rs 953.47 crore, driven by growth in the transportation vertical and broad-based gains in Europe and the US. Media, communications, healthcare, and life sciences segments faced seasonal and deal delays but are expected to recover in Q4. The company also secured significant deals in healthcare involving AI-powered regulatory workflows and drug delivery systems.