The dent in its books was caused by a September 2023 RBI communique spelling out how banks should value derivatives. It said all derivatives must be marked to market (MTM), which requires valuing assets and liabilities according to prevailing market price.
Tata Elxsi Q1 Results: PAT plunges 22% YoY, revenue falls 3.7% on macroeconomic headwinds
Tata Elxsi posted a 22% year-on-year fall in Q1FY26 net profit to ₹144 crore and a 3.7% drop in revenue due to macroeconomic headwinds and