Tata Elxsi shares tumbled 7.77 per cent to ₹5,943.00 on the BSE at 10.03 AM, after the company reported a 13 per cent q-o-q decline in net profit for the quarter ended December 31, 2024, and today it reached a 52 week low of ₹5,924.00 on the BSE.

According to its exchange filing, the company’s net profit declined by 13 per cent to ₹199 crore compared to previous quarter, while revenue dipped 1.7 per cent q-o-q to ₹939 crore. The media and communications unit, contributing significantly to the company’s revenue, experienced a 5.5 per y-o-y decline.

Further, the company has issued 257 new equity shares to eligible employees who exercised their performance stock options under the “Tata Elxsi Limited Performance Stock Option Plan 2023.” This allotment, which took place on January 9, 2025, has increased the company’s paid-up equity share capital to ₹62,28,35,980 (divided into 6,22,83,598 shares) from ₹62,28,33,410 (divided into 6,22,83,341 shares).