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DevStudio.ai is aligned with ASPICE (Automotive Software Process Improvement and Capability Determination) standards and supports major stages of the ASPICE V-cycle, including system and software requirements, architecture, implementation, testing, and qualification, while maintaining end-to-end traceability across the development lifecycle.
The solution enables collaboration between automotive engineers and AI across engineering workflows and can operate on both cloud infrastructure and air-gapped on-premise environments, offering flexibility aligned with enterprise infrastructure and AI policies.
According to the company, the platform is currently being deployed in select programs with global OEMs and Tier-1 suppliers across North America, Japan, and India, spanning body, chassis, infotainment, and software-defined vehicle (SDV) architectures. Early deployments have demonstrated improvements in productivity and speed-to-market.
Sundar Ganapathi, Chief Technology Officer – Automotive, Tata Elxsi, said, “The automotive industry is at an inflection point. Competitive pressures now demand software development at China's speed. At the same time, companies must maintain automotive-grade quality and meet global industry standards. DevStudio.ai helps address this challenge. It brings the power of generative AI into the automotive software development lifecycle. This enables OEMs and suppliers to accelerate development while maintaining the rigor required for safety-critical automotive systems.”
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries, including automotive, broadcast, communications, healthcare, and transportation.
The company reported a 45.28% decline in net profit to Rs 108.89 crore in Q3 FY26 as against Rs 199 crore posted in Q3 FY25. However, revenue from operations rose 1.52% to Rs 953.47 crore in Q3 FY26 as against Rs 939.17 crore posted in Q3 FY25.
Shares of Tata Elxsi shed 0.71% to Rs 4,369.95 on the BSE.
Tata Elxsi announced the launch of DevStudio.ai, an automotive multi-agentic solution purpose-built to accelerate the automotive software development lifecycle (SDLC) for OEMs, system suppliers, and semiconductor companies.
DevStudio.ai is an ASPICE-aligned solution powered by multi-agentic architectures, enabling collaboration between automotive engineers and AI across engineering workflows. A key architectural highlight is its ability to operate on both cloud-based infrastructure and air-gapped on premise environments, delivering deployment flexibility and choice aligned with enterprise infrastructure and AI policies.
While several generative AI tools are emerging to support software development, most are designed for broad-based application development. DevStudio.ai is purpose-built for the automotive SDLC, combining Tata Elxsi's deep domain expertise with generative AI to address the complexity, safety, and compliance requirements of automotive software engineering.
The platform supports all key stages of the ASPICE V-cycle, including system and software requirements, architecture, implementation, testing, and qualification, while maintaining end-to end traceability across the engineering lifecycle. It also integrates seamlessly with widely used OEM and Tier-1 engineering toolchains, enabling teams to embed DevStudio.ai co-engineers directly into existing development environments.
However, revenue from operations rose 1.52% to Rs 953.47 crore in Q3 FY26 as against Rs 939.17 crore posted in Q3 FY25.
Profit before tax in Q3 FY26 stood at Rs 146.27 crore, down by 42.82% from Rs 255.84 crore in Q3 FY25.
EBITDA dropped by 9.89% YoY to Rs 222.2 crore in the third quarter of FY26. EBITDA margin for Q3 FY26 was 23.3% as against 26.3% in Q3 FY25.
The company's total headcount in Q3 of FY26 stood at 11,594. Attrition rate stood at 15.6% in Q3 FY26 as compared to 12.4% in Q3 FY25.
On the segmental front, revenue from software development and services stood at Rs 930.33 crore in Q3 FY26, reflecting a 1.26% jump year-on-year. Meanwhile, revenue from system integration and support services was Rs 23.13 crore, up 12.88% year-on-year during the same period.
On a quarter-on-quarter basis, the company’s net profit fell 29.66%, while revenue from operations rose 3.85% in Q3 FY26.
Profit before tax was 146.27 crore in Q3 FY26, down 31.87% as against Rs 214.71 crore in Q2 FY26.
EBITDA stood at Rs 222.2 crore in Q3 FY26, up 14.95% as against Rs 193.3 crore in Q2 FY26. The company’s EBITDA margin improved to 23.3% in Q3 FY26 from 21.1% in Q2 FY26.
Tata Elxsi reported a one-time exceptional charge of Rs 95.69 crore in Q3 FY26 due to the implementation of the New Labour Codes effective November 21, 2025. The charge reflects higher employee benefit provisions under Ind AS 19, with the company noting that any further impact from pending rules will be accounted for once notified.
Manoj Raghavan, CEO and managing director (MD) of Tata Elxsi, said, “The company reported operating revenue of Rs 953.5 crore in Q3 FY26, up 3.9% quarter-on-quarter, led primarily by growth in the transportation business. He said accelerated ramp-ups in software-defined vehicle (SDV) deals and normalisation of programmes with a strategic OEM supported performance during the quarter. The company also won a new programme from a US-based off-highway OEM for the development of a complex operator information and control system.
Raghavan said Europe and the US led regional growth, with broad-based traction across key accounts and verticals. While the Media & Communications and Healthcare & Life Sciences verticals were impacted by seasonal furloughs and delayed deal closures, he expressed confidence in recovery from Q4 FY26.
In healthcare, Tata Elxsi secured a multi-million, multi-year deal with a European MedTech major to transform regulatory workflows using GenAI-powered solutions, and also won a large deal for a next-generation drug delivery system. In telecom, the company was selected by a major European telco as a strategic partner for a three-year autonomous network transformation, leveraging its NEURON platform.
Raghavan said EBITDA rose 220 basis points QoQ to Rs 222.2 crore, driven by operational excellence, delivery efficiencies and improved utilisation. He added that Tata Elxsi continues to invest in GenAI and AI-led innovation across verticals and enters the final quarter of the financial year with confidence, backed by a strong deal pipeline, large wins and a design-led, AI-enabled engineering proposition.”
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Broadcast, Communications, Healthcare and Transportation.
Elecon Engineering Company Ltd, Tata Technologies Ltd, Kalyan Jewellers India Ltd, Syngene International Ltd are among the other stocks to see a surge in volumes on NSE today, 07 January 2026.
Tata Elxsi Ltd clocked volume of 18.27 lakh shares by 14:14 IST on NSE, a 17.8 times surge over two-week average daily volume of 1.03 lakh shares. The stock gained 10.00% to Rs.5,879.50. Volumes stood at 92573 shares in the last session.
Elecon Engineering Company Ltd clocked volume of 102.73 lakh shares by 14:14 IST on NSE, a 16.59 times surge over two-week average daily volume of 6.19 lakh shares. The stock gained 6.62% to Rs.511.05. Volumes stood at 4.48 lakh shares in the last session.
Tata Technologies Ltd clocked volume of 70.16 lakh shares by 14:14 IST on NSE, a 15.16 times surge over two-week average daily volume of 4.63 lakh shares. The stock gained 4.85% to Rs.680.65. Volumes stood at 3.89 lakh shares in the last session.
Kalyan Jewellers India Ltd clocked volume of 140.22 lakh shares by 14:14 IST on NSE, a 8.72 times surge over two-week average daily volume of 16.09 lakh shares. The stock gained 3.97% to Rs.520.00. Volumes stood at 19.89 lakh shares in the last session.
Syngene International Ltd saw volume of 20.05 lakh shares by 14:14 IST on NSE, a 6.61 fold spurt over two-week average daily volume of 3.03 lakh shares. The stock dropped 0.02% to Rs.655.55. Volumes stood at 3.94 lakh shares in the last session.
Through xG-Force LaaS, Tata Elxsi will develop and integrate 5G applications with its innovative platforms—Neuron for autonomous networks, TETHER for connected vehicles, TEngage for digital health, and TEDAx for big data engineering—to bring solutions in AI, next-gen communications and advanced technologies.
The joint solution enables enterprises to unlock Industry 4.0 applications including automotive, healthcare, IoT, AR/VR, digital twin, and mission-critical communications with guaranteed Quality of Service (QoS).
Priya S. Kumar — head, media & communications, Tata Elxsi, said, “With Lab-as-a-Service, Tata Elxsi is enabling enterprises to de-risk and accelerate their 5G journey by testing, validating, and deploying future-ready networks. “Our collaboration with Druid Software ensures enterprises get the best of 5G core and IMS in an integrated, standards-compliant environment.”
Sumit Gehani, VP of sales, Druid Software, said, “By combining our mature multigenerational 4G/5G core platform, with a built-in IMS layer, and Tata Elxsi’s Lab-as-a-Service, enterprises gain the confidence to deploy next-generation connectivity tailored for their most demanding use cases.”
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including automotive, broadcast, communications, healthcare and transportation. The company reported a 32.52% decline in net profit to Rs 154.81 crore as revenue from operations fell by 3.87% to Rs 918.10 crore in Q2 FY26 as compared with Q2 FY25.
The scrip fell 0.82% to Rs 5187.80 on the BSE.
Tata Elxsi announced a strategic partnership with Druid Software, a global leader in cellular network technology. This collaboration brings together end-to-end expertise in 5G networks, offering enterprises a powerful ecosystem to accelerate digital transformation through xG-Force, Tata Elxsi's Lab-as-a-Service (LaaS) platform.
Built on open 3GPP standards, Druid's Raemis™ private cellular core combines 4G & 5G core network functionality in a single consolidated solution offering customers an easy migration path from 4G to 5G technology. In addition, Raemis supports mission-critical services such as VoLTE, VoNR, and advanced multimedia applications through its fully integrated IMS architecture.
As part of xG-Force lab's continuing journey in building the ecosystem that brings the best together for Tata Elxsi's customers, enterprises and CSPs can validate, test, and deploy these integrated 4G/5G solutions at scale, reducing time-to-market while ensuring performance, reliability, and security. It addresses critical use cases across industries such as manufacturing, logistics, utilities, healthcare, transportation, and smart campuses.
At the heart of the solution is Druid's field-tested mature Raemis™ core network platform which can be deployed as a completely standalone 4G/5G core network at any critical location requiring secure, high-quality, private wireless coverage. With its built-in IMS layer, Raemis enables high-quality voice services and can be integrated via standard interfaces to MCC platforms supporting PTT, broadcast messaging and other advanced features. Beyond its flexible deployment options and multimedia capabilities, Raemis offers ease of installation & provisioning as well as centralized control.