Tata Elxsi shares shed 3% after Q3 profit declines 45% YoY
Tata Elxsi shares fell over 3% after the company reported a sharp 45.3% year-on-year drop in Q3 net profit, hit by a one-time exceptional charge linked to changes in Indias labour laws. Revenue grew marginally, while adjusted profit declined 5.4%, reflecting continued pressure on margins despite steady demand in software services.
The Economic Times
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