Tata Elxsi’s September-quarter (Q2FY27) earnings offered much-needed relief, pushing the stock up over 12% in just two days. Operating revenue rose 3.4% sequentially to ₹1,056 crore; 2.3% growth in constant-currency (CC) terms. Ebit margin recovered from 19% to 19.7%, reversing part of the 330-basis-point sequential fall in Q1FY27. Operational efficiencies more than offset salary revisions.
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