Tata Elxsi : Financial Reporting Document

Q3 FY22 Earnings Presentation and Fact Sheet

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Disclaimer

This release may contain certain future prospects which may be a forward-looking statements. Forward-looking statements by their

nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations.

These forward-looking statements represent only the Company's current intentions, beliefs or expectations, and any forward-looking

statement speaks only as of the date on which it was made. The Company assumes no obligation to revise or update any forward-

looking statements.

Note: All numbers have been rounded to the nearest digit for convenience of representation.

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Message from the CEO and Managing Director

Manoj Raghavan

CEO and MD

Tata Elxsi Ltd.

"We are pleased to report another quarter of consistent and strong growth, supported by differentiated offerings and industry leading operational excellence.

We continue to execute strongly on all our key strategies, driving growth across our three primary industry verticals and regions, building on our software and digital product engineering capabilities.

We are seeing significant growth in the automotive market, with large and strategic deals with both OEMs and suppliers across Electric, Autonomous, Connected and Digital, underscoring our technology and engineering leadership.

We have won strategic multi-year large deals this quarter against the best global competitors in all three industries, which clearly underscores the differentiation we bring to our customers, and the relevance of our design-led technology capabilities.

The superior topline and bottom-line performance was supported by industry-leading operational excellence and talent retention. We are continuing to invest in our talent pipeline to support continued growth.

We are entering the fourth quarter with the confidence of a strong order book and a healthy

deal pipeline across key markets and industries."

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Highlights for Q3 FY22

Revenue

Sequential	QoQ Constant	YoY Revenue
Growth	Currency Growth	Growth

635.4 INR Cr	6.7%	6.5%	33.2%
Profitability	EBITDA INR Cr	PBT INR Cr	PAT INR Cr
EBITDA Margin	210.8 Cr	200.3	151.0
33.2%	(46.8% YoY)	(36.9% YoY)	(43.5% YoY)
EPS	Q3 FY22	QoQ Growth	YoY Growth
	24.24	20.4%	43.5%

People

Closing	Net	LTM
Headcount	Additions	Attrition

9033 41418.2%

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Performance Highlights

Financial Highlights

• Revenues from operations at Rs. 635.4 Cr; +6.7% QoQ, +33.2 % YoY
• Constant currency revenue up 6.5% QoQ, 32.7% YoY
• EBITDA of ₹ 210.8 Cr; Growth of 14.8% QoQ and 46.8% YoY
• PBT of 200.3 Cr; PBT% increased from 28.6% in Q2 to 31.2% in Q3

Awards and Accolades

• Tata Elxsi has been ranked in the Leadership Zone for Automotive, Medical Devices, and Telecom industries in the latest Zinnov Zones for ER&D Services 2021 ratings
• Tata Elxsi won the OTT TV Technology of the Year Award at the renowned VideoTech Innovation Awards 2021, in London
• Tata Elxsi and Tata Steel has jointly won the L&D Vision and Innovation Award 2021 for the Tata Steel Safety Leadership Development Centre at Jamshedpur

Segment Highlights

• Embedded Product Design (EPD), the company's largest division grew by 36.0% YoY
• Industrial Design & Visualization (IDV) grew by 12.4% YoY and 61.7% YTD on a sequential basis

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