Tata Elxsi (TATAELXSI) AGM 2024 summary

Opening remarks and agenda

• The 35th AGM was conducted via video conference, ensuring broad shareholder participation and compliance with regulatory directives.

• The meeting agenda included financial performance review, board updates, Q&A, and voting on resolutions.

Financial performance review

• Operating revenue for FY 2023/24 was INR 3,552.1 crore, up 13% year-on-year.

• EBITDA margin stood at 29.5% (INR 1,046.4 crore), with profit after tax at INR 792.2 crore.

• Transportation vertical grew 20.4% YoY, accounting for 49.9% of software revenue; media and communication contributed 35.3%, healthcare 14%.

• System integration services revenue rose 18.6% to INR 99.3 crore.

Board and executive committee updates

• Mrs. Shyamala Gopinath retired from the board; Mrs. Ashu Suyash and Mr. Soumitra Bhattacharya joined as independent directors.

• Directors and key executives participated from various locations, reflecting a diverse and experienced leadership.