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Tata Communications Results: Latest Quarterly Results & Analysis

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Tata Communications Ltd. 17 Jul 2025 19:39 PM
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Q1FY26 Quarterly Result Announced for Tata Communications Ltd.

Telecom Services company Tata Communications announced Q1FY26 results

  • Consolidated revenues rose 6.6% YoY, coming in at Rs 5,960 crore.
  • EBITDA: Rs 1,137 crore compared to Rs 1,137 crore during Q1FY25.
  • EBITDA Margin: 19.1% for Q1FY26.
  • PAT: Rs 232 crore compared to Rs 357 crore during Q1FY25, change -34.9%.
  • PAT Margin: 3.9% for Q1FY26.
  • Data revenue growth at 9.4% YoY, came in at Rs 5,130 crore, driven by digital fabric.
  • EBITDA margin at 19.1% an improvement of 30 bps.

A.S. Lakshminarayanan, MD and CEO, Tata Communications, said: “Despite ongoing macroeconomic headwinds and continued pressures across the industry, we delivered a stable performance this quarter with a healthy double-digit growth in our order book and modest uptick in margins. Our digital fabric is becoming deeply embedded in our enterprise customers' operations simplifying complex infrastructure and delivering exactly what they need, on their terms.”

Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said: “Our digital fabric continues to deliver, and we are pleased to report an all-round performance across our portfolio. We added multiple million dollar deals this quarter to our order book. We are encouraged by the losses narrowing in our digital portfolio.”

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Telecom Services company Tata Communications announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Gross Revenue: Rs 5,990 crore compared to Rs 5,645 crore during Q4FY24, change 6.1%.
  • EBITDA: Rs 1,122 crore compared to Rs 1,076 crore during Q4FY24, change 4.3%.
  • EBITDA margin: 18.7% for Q4FY25.
  • PAT: Rs 761 crore compared to Rs 354 crore during Q4FY24, change 114.8%.
  • PAT: margin: 12.7% for Q4FY25.

FY25 Financial Highlights:

  • Consolidated revenues for the year rose 11.2%, coming in at Rs 23,109 crore
  • PAT up 44.7% YoY, EBITDA margins for full year at 19.8%
  • Data revenue crossed the Rs 19,000 crore mark, growing by 13.7% on a full-year basis

A.S. Lakshminarayanan, MD and CEO, Tata Communications, said: “FY25 was a year of sustained growth despite challenging global macroeconomic conditions, especially with large deal wins and increased adoption of our Digital Fabric. Our continued investments across the full stack of our Digital Fabric — Network, Cloud, Security, IoT, and our Interaction Fabric—are now translating into stronger customer relevance and high double-digit growth of Digital revenues, bringing this vision to life. Today, digital revenues comprise nearly 50% of our portfolio, reflecting the strength of our strategy and execution. Our differentiated offerings continue to receive recognition from industry analysts establishing us as leaders across domains. This is a solid foundation to accelerate our growth in the medium term.”

Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said: “Over the last fiscal, we executed key strategic initiatives — including the monetisation of land parcels and strategic review of non-core assets and subsidiaries — to streamline our portfolio. These actions sharpen our capital allocation and help us prioritise investments in core businesses. This allows us to enter FY26 with focus on core and growth capital to invest. We remain confident in our direction and commitment to deliver sustainable, long-term value to the business.”

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Telecom Services company Tata Communications announced Q3FY25 results

  • Gross Revenue: Rs 5,798 crore compared to Rs 5,633 crore during Q3FY24, change 2.9%.
  • EBITDA: Rs 1,181 crore compared to Rs 1,134 crore during Q2FY24, change 4.1%.
  • EBITDA Margin: 20.4% for Q3FY25.
  • PAT: Rs 257 crore compared to Rs 45 crore during Q3FY24, change 472.7%.
  • PAT Margin: 4.4% for Q3FY25.

A.S. Lakshminarayanan, MD and CEO, Tata Communications, said: “Q3 has been a satisfactory quarter with strong growth in digital revenues, improved margins, and enhanced free cash flow. We are advancing well in our review of subsidiaries, with a clear focus on optimising their performance and unlocking value, as demonstrated in the case of Tata Communications Payments Solutions Limited. I believe in the world of AI, digital infrastructure will be even more critical and our investments in our Digital Fabric will hold us in good stead.”

Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said: “The strategic actions to streamline and make our business future-ready has begun paying off. Over and above the divestiture of our payment solutions business, we continue to pursue other monetisation opportunities and strategic evaluation of assets. With disciplined capital allocation and our ‘Fit to Grow’ strategy we remain confident of delivering sustainable value to shareholders and customers alike.”

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Telecom Services company Tata Communications announced Q2FY25 results

  • Data revenue jumped by 21% YoY, coming in at Rs 4,834 crore.
  • Digital Portfolio revenue grew by 52.4% YoY, accounting for 46% of data revenue.
  • Consolidated EBITDA rose by 10% YoY.

A.S. Lakshminarayanan, MD and CEO, Tata Communications, said: “We are pleased to report a strong YoY growth in revenue and EBITDA. Our order book has expanded with some key strategic wins across markets. The adoption of our Digital Fabric (Network, Cloud and Security, Interaction and IoT) by enterprises continues to drive our optimism about future growth.”

Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said: “The fundamentals of the business continue to be strong. We are executing multiple strategic measures, including land monetisation, which will help us create capacity for future opportunities and reposition our assets to capture medium to long term profitable growth.”

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Telecom Services company Tata Communications announced Q1FY25 results:

  • Data revenue jumped by 20% YoY, coming in at Rs 4,694 crore
  • Digital Portfolio revenue grew by 51.5% YoY, accounting for 45.7% of data revenue
  • Consolidated EBITDA rose by 9.8% YoY and margins expanded to 20%

Commenting on the results, AS Lakshminarayanan, MD and CEO, Tata Communications, said: “We are pleased to announce a strong and positive start to FY25, with our quarterly performance indicators showing promising results. We remain bullish about the market opportunities, and with our expanded product capabilities and increasing customer relevance, we are confident in our ability to achieve our medium-term growth objectives.”

Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said: "Our financial prudence, anchored in our 'Fit to Grow' framework, has yielded profitable growth and delivered margin expansion this quarter. As our products continue to gain traction and scale, we anticipate operating leverage, positioning us to achieve our margin aspirations in the medium term."

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Telecom Services company Tata Communications announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Gross Revenue: Achieved Rs 5,692 crore, exhibiting a growth of 24.6% compared to Rs 4,569 crore in Q4FY23.
  • Data Revenue: Recorded Rs 4,656 crore, marking a growth of 26.9% from Rs 3,670 crore in Q4FY23.
  • EBITDA: Stood at Rs 1,056 crore, indicating a slight increase of 2.1% from Rs 1,034 crore in Q4FY23.
  • EBITDA Margin: Reported at 18.6%, down from 22.6% in Q4FY23, reflecting a decrease of 408 basis points (bps).
  • PAT: Recorded Rs 321 crore, showing a decrease of 1.5% from Rs 326 crore in Q4FY23.
  • PAT Margin: Reported at 5.6%, down from 7.1% in Q4FY23, representing a decrease of 149 bps.

FY24 Financial Highlights:

  • Gross Revenue: Reached Rs 20,969 crore, reflecting a growth of 17.5% from Rs 17,838 crore in FY23.
  • Data Revenue: Stood at Rs 17,181 crore, showing a growth of 21.9% from Rs 14,096 crore in FY23.
  • EBITDA: Amounted to Rs 4,230 crore, slightly decreasing by 2.0% from Rs 4,318 crore in FY23.
  • EBITDA Margin: Reported at 20.2%, down from 24.2% in FY23, indicating a decrease of 403 bps.
  • PAT: Recorded Rs 968 crore, a significant decrease of 46.1% from Rs 1,796 crore in FY23.
  • PAT Margin: Reported at 4.6%, down from 10.1% in FY23, reflecting a decrease of 545 bps.

Commenting on the results, AS Lakshminarayanan, MD and CEO, Tata Communications, said: “We are pleased to report the significant revenue milestone of Rs 20,000 crore. We closed FY24 with strong execution and our digital fabric is witnessing increased relevance from enterprise customers. As we enter the next fiscal, our firm focus will remain on integrating our acquisitions, executing our strategies, and driving sustainable and profitable revenue growth.”

Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said: “FY24 was an eventful year as we witnessed our finance strategy in action, enabling us to successfully complete three strategic acquisitions on the back of a strong balance sheet. Our financial performance is in line with our expectations as we continue to capture newer business opportunities and accelerate our growth path. With the right operating levers in place, we are confident of our financial performance indicators returning to their ambition range in the medium term.”

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Telecom Services company Tata Communications announced Q3FY24 results:

  • Tata Communications posted quarterly revenue of Rs 5,633 crore (USD 677.1 million) — up 24.4% YoY — backed by strong performance in Data Revenue
  • Data Revenue came in at Rs 4,618 crore (USD 555.1 million), a rise of 28.5% YoY
  • Digital Portfolio Revenue grew by 78.2% YoY, contributing ~45% to the Data portfolio
  • India Enterprise revenue grew strongly, increasing 10.4% YoY
  • Consolidated EBITDA stood at Rs 1,134 crore (USD 136.3 million), improving by 5.3% YoY and 11.7% QoQ

Commenting on the results, AS Lakshminarayanan, MD and CEO, Tata Communications, said: “We are pleased to report another quarter of robust growth as data revenue crossed the Rs 4,000 crore mark with digital services contributing 45%, in line with our strategy. Even as we increase our impetus on people and platforms to deliver long-term value, our acquisitions of Oasis, The Switch, and Kaleyra have created new avenues for growth and innovation. We remain confident about our medium-term ambitions.”

Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications said: “We are extremely encouraged that Kaleyra has turned EBITDA positive in the first quarter itself, in line with our ‘Fit to Grow’ strategy. We are excited about the medium term as we see multiple levers to maximise value from both our organic and inorganic investments. We continue strongly on the new growth trajectory with robust cash flow generation as the focus.”

 

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Telecom Services company Tata Communications announced Q2FY24 results:

  • Consolidated revenue stood at Rs 4,872 crore (USD 589.5 million); increasing 10% YoY.
  • Consolidated EBITDA came in at Rs 1,015 crore (USD 122.8 million); margins at 20.8%; Underlying EBITDA Margins at 21.7%.
  • Consolidated PAT at Rs 221 crore (USD 26.6 million).
  • Cash CAPEX for this quarter stood at USD 71 million
  • Data business revenues came in at Rs 3,995 crore (USD 483.3 million), recording an increase of 14.4% YoY; Underlying Data Revenue growth came in at 10% YoY.
  • Data EBITDA stood at Rs 913 crore (USD 110.4 million), down 9.3% YoY because of organic and inorganic investments.
  • The Core Connectivity business reported 6.9% YoY growth in revenue.
  • Digital Portfolio delivered robust growth of 30.2% YoY driven by growth across the Cloud and Next-Gen Connectivity segments and integration of The Switch.

Commenting on the results, A.S. Lakshminarayanan, MD and CEO, Tata Communications, said, “We are pleased to announce a robust 14% YoY revenue growth this quarter. With the fast-tracked integration of The Switch, we are witnessing synergies being realised. Besides this, we are happy to announce the accelerated closure of the Kaleyra Inc. transaction which will enable us to create a new digital platform category - Customer Interaction Suite - in line with our ambitions. Overall, we remain confident of the long-term opportunities and will continue to invest in the product portfolio to strengthen our value proposition to enterprises.”

Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications said, “Our planned investments in the organic and inorganic opportunities are in line with our ‘Fit to Grow’ Strategy. Our focus now is on relentless execution of these investments to accelerate the value creation process."

 

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Other Telecom Services company Tata Communications announced consolidated Q1FY24 results:

  • Revenue stood at Rs 4,711 crore (USD 580.5 million); increasing 10.7% YoY
  • EBITDA came in at Rs 1,024 crore (USD 124.6 million); where margins stood at 21.5%; Underlying EBITDA Margins stood at 22.1%
  • PAT stood at Rs 382 crore (USD 46.4 million) from Rs 544 crore (USD 70.5 million) in Q1FY23; impacted by higher interest costs and lower forex gains vs Q1FY23
  • Cash CAPEX for Q1FY24 stood at Rs 431 crore (USD 52.4) million relative to Rs 329 crore (USD 42.7 million) in Q1FY23

Commenting on the results, A.S Lakshminarayanan, MD and CEO, Tata Communications, said, “We have had a pivotal first quarter in FY24 – delivering a very strong revenue growth in our data business and the digital portfolio, closing The Switch deal and announcing the Kaleyra acquisition. We are on track with the execution of our strategy; and the strengthening of our portfolio will increase the relevance quotient with our enterprise customers. On the recently announced ESG goals, Lakshmi added, “Sustainability is at the core of our business strategy and we are committed to be Net Zero by 2035 across our global operations.”

Kabir Ahmed Shakir, CFO, Tata Communications, said, “We are on a robust growth trajectory in Q1FY24 with our Data Revenue. I am very pleased to see the Finance Strategy enabling the company’s performance and fueling the growth momentum. Financial discipline and rigour built over the last few years is now setting the stage to fund both organic investments and inorganics ambitions while retaining focus on a healthy balance sheet.”

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Telecom services company Tata Communications announced Q4FY23 results:

  • Consolidated highlights:
    • Consolidated revenue for FY23 came in at Rs 17,838 crore ($2,220.3 million) and at Rs 4,569 crore ($ 555.2 million) for Q4FY23
    • Witnessed healthy growth across Core Connectivity, Digital Platforms & Services, and Incubation Services of Data business:
      • Data business grew by 2.2% QoQ and 10.3% YoY
      • Digital Platforms & Services grew by 2.3% QoQ and 15.5% YoY
      • Core Connectivity revenue grew by 1.7% QoQ and 5.7% YoY
      • Incubation portfolio grew by 9.4% QoQ and 116.6% YoY
    • Consolidated EBITDA stood at Rs 4,318 crore ($537.5 million); with margins at 24.2%, declining by 110 Bps YoY. For the quarter, the margin came in at 22.6%
    • Consolidated PAT stood at Rs 1,796 crore ($223.5 million) as compared to a profit of Rs 1,482 crore ($198.9 million) in FY22, registering a growth of 21.2% YoY
    • Committed capex for the year was Rs 1,689 crore ($210.2 million) as compared to Rs 1,608 crore ($215.9 million) in FY22
    • Free Cash Flow for FY23 was at Rs 2,539 crore
  • The Board has recommended a dividend of Rs 21 per share as a result of the company's strong and consistent profitability.

“I am pleased that we have met the Company ambition of double-digit data growth for the past three consecutive quarters and for the full year,” said A.S. Lakshminarayanan, MD and CEO, Tata Communications. “Our expanding digital portfolio coupled with improving relevance quotient across India and International markets is helping us reposition the Company as a ‘CommTech’ leader. We remain committed to our Reimagine strategy to deliver profitable growth by creating sustainable value for our customers.”

“Our business results are proof that the ‘Fit to Grow’ strategy is now in motion from concept to action and its success is evident in the full-year double-digit data revenue growth. We are now building the Company for a new growth trajectory enabled by our strong cash flow generation,” said Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications.

 

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