Q1 FY23 Earnings Presentation and Fact Sheet
Message from the CEO and Managing Director
Manoj Raghavan
CEO and MD
Tata Elxsi Ltd.
"We are starting FY23 on a strong note with 6.5% QoQ revenue growth in constant currency. This
was all volume-led and supported by robust growth across divisions, verticals and key markets. We
continue to maintain and expand our margins with our EBITDA growing at 58.8% YoY and PAT
growing at 62.9% YoY.
Our differentiated delivery capability powered by Domain, Design, and Digital, is helping us continue
to win deals which are of strategic importance to our customers.
I am delighted that the Tata Elxsi family is now over 10,000 people strong. We added 771 employees
on a net basis in the quarter, more than doubling from the previous quarter. This has been aided by
concerted efforts in reinforcing our employer brand proposition and employee engagement that
have helped reduce our attrition rate in the quarter. We are also expanding our delivery presence
with a new center in Kozhikode.
We are taking a seminal role in fostering future design thinkers and innovators for sustainability,
with the launch of IGNITE - a global design and innovation contest for sustainable design, coinciding
with the World Industrial Design Day on 29th June.
I am delighted to start the financial year with robust growth in revenues, margins, employee and
customer additions. We are entering the second quarter with a strong order book and a healthy
deal pipeline across key markets and industries."
TATA ELXSI
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