Tata Elxsi and Tata Consultancy Services announced the results of their consolidated and standalone third-quarter financial year 2024-25. Both the companies showed how they are doing against tough market conditions.
Tata Elxsi Q3 FY25 :
Tata Elxsi recorded revenues of ₹392.9 crore for the quarter ended December 31, 2024. It demonstrated PBT margins at 26.1% as its business model and operational performances seem stable. While headwinds in the global automotive market have not dissipated yet, the media, communications, and healthcare verticals performed with sustained growth momentum at Tata Elxsi. A major news has been Tata Elxsi bagging the order to establish an Offshore Development Center for Suzuki Corporation, Japan. The firm thus seems to continue strategic investments into innovation and development.
TCS Q3 FY24 :
Tata Consultancy Services reported revenue of $7.28 billion, with a 2.9% year-over-year growth in constant currency. The operating margin improved to 25%, and the net income was $1.41 billion, with a net margin of 19.4%. Growth was strong in emerging markets, led by India at +23.4%. Cloud migrations and AI-related services were significant contributors to the quarter’s success. TCS also declared a dividend of ₹27 per share, including a special dividend of ₹18.
Both companies have shown resilience and innovation in handling economic challenges, which bodes well for the Tata Group’s technology-driven subsidiaries. For more detailed insights, stay tuned to Dalal Street India.
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Published on: January 8, 2025 at 6.45 PM GMT.
10th January is celebrated as World Hindi Day!
Digital-Digitization Expansion in Payment:
The digital payment infrastructure in India is poised for significant growth as the National Payments Corporation of India (NPCI) authorizes WhatsApp to provide payment services to its entire user base of over 500 million. This will be likely to increase the penetration and breadth of the Unified Payments Interface (UPI) system.
As stated in Bhagavad Gita : (Bhagavad Gita 2.14)
दुःखेष्वनुद्विग्नमना: सुखेषु विगतस्पृहः।
One who is not disturbed by the dualities of happiness and distress, and is unbothered by them, is certainly eligible for liberation.
