Tata Communications Ltd.
Q4FY23 Quarterly Result Announced for Tata Communications Ltd.
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.
Result PDF