<ul data-eligibleForWebStory="false"><li>Tata Elxsi Ltd.'s share price fell nearly 8% following a 16% decline in profit for the June quarter.</li><li>Quarterly net profit dropped to Rs 144.37 crore from Rs 172.42 crore, while revenue decreased to Rs 892.10 crore from Rs 908.34 crore.</li><li>EBIT declined by 11% to Rs 162.44 crore, with margins contracting to 18.2% from 20.1%.</li><li>The CEO attributed the challenges faced in the quarter to macroeconomic uncertainties and industry-specific issues impacting R&D spend and decision-making cycles.</li></ul>

Tata Elxsi Share Price Falls Nearly 8% After Company Posts Decline In Net Profit

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