Tata Elxsi, DENSO, and AAtek Unveil Robotics and Automation Innovation Lab in Frankfurt

On November 20, 2024, Tata Elxsi announced that the Automation Innovation Lab, an advanced facility is designed to shape the future of robotics automation in industries like medical devices, pharmaceuticals, life sciences, and food science.

Overview of the Advanced Robotics Automation Hub

The new facility aims to accelerate product development, simplify maintenance, and meet the growing global demand for automation solutions.

The lab will feature live demonstrations of high-precision, modular robotic systems in areas such as cell/tissue culture, diagnostics, and sterilized environments.

This specialized facility will concentrate on key areas, utilizing AI-driven analytics to support personalized medicine and automate the handling of cell cultures in sterile settings.

About DENSO and AAtek

DENSO is a global technology company based in Japan, renowned for its expertise in manufacturing automotive components and systems. AAtek is a technology services provider that specializes in digital transformation, automation, and IT solutions. 

Tata Elxsi Q2 FY25 Financial Highlight

The company reported a 14% year-on-year growth in its consolidated net profit, reaching ₹229 crore for the second quarter, compared to ₹200 crore in the same quarter last year.

Revenue from operations for Tata Elxsi in the second quarter grew by 8%, reaching ₹955 crore, up from ₹882 crore in the same period last year.

The company’s focus on operational efficiency, offshore delivery, fiscal discipline, and unique offerings has resulted in a 70 basis point increase in its EBITDA margin, reaching 27.9% for the quarter.

Tata Elxsi Share Price Performance

On November 21, 2024, Tata Elxsi share price ended at ₹6,490, down 0.90% on NSE. The stock opened at ₹6,555. 

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