Tata Elxsi Q1 Results: Profit slumps by 21.57%; large deals, sector recovery offer hope

Tata Elxsi, an IT services company, reported lower-than-expected profits and revenue in its fiscal first quarter. CEO and MD Manoj Raghavan attributed this to macroeconomic uncertainties and industry challenges. However, the company showed resilience by protecting its largest business segment and strengthening customer relationships.