Tata Elxsi to de-risk business model; focus on rail communication

In the June quarter, the Tata group company reported a 31% decline in net profit to Rs 48.79 crore

Tata Elxsi, the design and engineering services firm based in Bengaluru, is looking to de-risk its business model and focus more on areas such as aerospace and rail communication.

The shift in strategy has come at a time when Jaguar Land Rover (JLR), its largest client accounting for a quarter of its revenue, is going through a rough patch. 

In the June quarter, the Tata group company reported a 31 per cent decline in net profit to Rs 48.79 crore, owing to general slowdown in the automotive sector, which contributes above half of its total revenues. Since its earnings announcement,