'
Tata Elxsi
hosted a conference call on January 13, 2025. In the conference call, the
company was represented by Mr Manoj Raghavan-CEO & MD, Mr Nitin Pai - Chief
Marketing and Chief Strategy Officer and Mr Gaurav Bajaj – Chief Financial
Officer.
Key
Takeaways of the call
The company delivered
a healthy performance, growing 3.2% in constant currency basis QoQ. The growth
was largely volume-led, resulting in better utilization and operating margins.
Transportation Vertical: Transportation
business, which now accounts more than 55% of the company’s overall revenue,
grew 7.7% qoq. This growth was led by accelerated ramp-ups in SDV-led OEM deals
won earlier in the year, and also normalization of work streams and programs with
a strategic OEM client that was impacted in the previous quarter.
The company is
working hard in building the momentum in automotive business. The company has
leveraged the large d...
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