Tata Communications has announced its financial results for the quarter ended 30th June 2022.
Announcing the quarter results, A.S. Lakshminarayanan, MD and CEO, Tata Communications, said, “We delivered a profitable data revenue growth as a result of disciplined execution, portfolio enhancements and deeper customer engagements. We continue to closely monitor and overcome the OEM and Supply Chain challenges. We are pleased with the healthy growth in the order booking and funnel additions across our portfolio, both in India and international markets.”
Commenting on the results, Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said, “We continue to maintain our focus on operational efficiencies and balance sheet hygiene which is reflected in our profitability and cash flow. We continue to maintain our focus on operational efficiencies and balance sheet hygiene which is reflected in our profitability and cash flow. We are pleased to see a strong impact of our finance strategy in the company’s performance.”
Consolidated financial highlights
- Consolidated revenue stood at INR 4,311 crore (USD 558.9 Mn); increasing +5.1% YoY. Sequentially, growth in revenue followed upsides in the Data business
- Consolidated EBITDA came in at INR 1,077 crore (USD 139.7 Mn); enhanced +9.2% YoY, where margins stood at 25%, growing by 95 Bps YoY
- Consolidated PAT stood at INR 544 crore (USD 70.5 Mn) from INR 296 crore (USD 40.1 Mn) in Q1 FY22, marking an increase of +83.6% YoY
- Cash CAPEX for this quarter stood at USD 42.7 Mn relative to USD 46.2 Mn in Q1 FY22
₹ 4,311 Cr | Consolidated Revenue
₹ 1,077 Cr | Consolidated EBITDA
|
Consolidated Nos. |
INR Crore |
QoQ Growth |
YoY Growth |
|
Gross Revenue |
4,311 |
1.1% |
5.1% |
|
EBITDA |
1,077 |
3% |
9.2% |
|
EBITDA Margin |
25% |
46 Bps |
95 Bps |
|
PAT |
544 |
49% |
83.6% |
