Tata Communications (TCOM) is the leading global digital ecosystem enabler.
It provides its clientele with state-of-the-art solutions, including a wide range of communication, collaboration, cloud, mobility, connected solutions, network and data centre services
Q4FY22 Results
TCOM reported a soft Q4FY22 performance on margins front
Topline came in at Rs. 4263 crore, up 4.7% YoY & up 1.9% QoQ, largely in line with expectations with data revenues (forming ~77% of revenues) up ~7% YoY (up 2.1% QoQ) at Rs. 3301 crore
Consolidated EBITDA margin was at 24.5% (down 40 bps YoY and down 135 bps QoQ). The company attributed the decline in EBITDA to higher expenses which are back ended in nature. Data EBITDA margin was at 29.3%, down 290 bps QoQ. The company reported a PAT of Rs. 365 crore, up 22% YoY, aided by higher other income which majorly included tax refunds and interest on the same. There was also sequential decline in net debt by ~Rs. 444 crore QoQ on the back of healthy FCF
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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Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:50 PM the closing price of Tata Communications Ltd was ₹ 2,010.40.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:50 PM, the market cap of Tata Communications Ltd stood at ₹ 57,296.40.