Thread by @ParveenBhansali

#TataElxsi entering 2nd half of FY23 with strong order book,healthy deal pipeline across key markets n industry, n customer confidence in d work they do

Importantly,Co is investing in both capacity n capability 2 strengthen their ability 2 win,manage n grow customers n business

#TataElxsi seeing good traction in
automotive business led by EV and ADAS capabilities.

Media and Communication business did witness some deferment of platform deals and some large service deals. But Co is well positioned to win these in the coming quarters.

#TataElxsi hv a net addition of 1532 employees which is d highest no. being ever added in a quarter

And to support that, Co hv also expanded their facilities in existing locations n added new
locations to diversify their talent base.

Cont'd.....

This is an investment that #TataElxsi are making to position themselves for growth in d coming quarters.

On the other hand, these investments have impacted their QoQ margin performance.

Nevertheless, Co still reported industry leading EBITDA margins of 29.7% and PAT of 22.3%.

During the 2nd quarter, #TataElxsi impacted by supply-side challenges as a strong deal inflow and
increased utilization of the past few quarters constrained their ability to immediately address new deals.

#TataElxsi says its overall market is definitely growing with a lot of digital opportunities, especially in all areas that we are working in. At the same
time they are also winning market share from our competition. It's a combination of both.

#TataElxsi mgmt said they hv done all right investments,whether in resources,whether in office spaces, to really help them in next two to four qtrs. They will continue to execute strategies n hopefully they said they will continue to deliver results that delight their investors