Tata Elxsi Q3 PAT slumps 45% YoY; brokerages flag 22% downside risk — here’s what they say

Tata Elxsi's net profit plunged 45.3% due to a one-time labour law charge. While revenue and margins showed some strength, brokerages remain divided. Some see potential in auto and healthcare recovery, while others cite rich valuations and muted visibility in key segments, leading to cautious or sell ratings.