Tata Communications announced Q3FY23 results: Consolidated Q3FY23: Consolidated revenue stood at Rs 4,528 crore (US$ 550.8 million); increasing +8.2% YoY. Sequentially, growth in revenue followed upsides in the Data business. Consolidated EBITDA came in at Rs 1,077 crore (US$ 130.8 million); almost flat on a YoY basis, where margins stood at 23.8% Consolidated PAT stood at Rs 394 crore (US$ 47.3 million) from Rs 395 crore (US$ 52.8 million) in Q3FY22 Committed CAPEX for this quarter stood at Rs 391 crore (US$ 47.5 million) relative to Rs 400 crore (US$ 53.4 million) in Q3FY22 Speaking on the quarter performance, A.S Lakshminarayanan, MD and CEO, Tata Communications, said, “We are pleased to deliver another strong quarter with broad based growth in our Data business across India and international markets. Our expanding portfolio of digital fabric capabilities is enabling us to drive deeper customer engagements improving our funnel and order book.” Commenting on the results, Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said, “This was another quarter of a growth momentum in our Data Portfolio, reflective of our investments in our people and innovative solutions, in line with our customer’s evolving digital needs. Our focus on financial prudence has allowed us to drive inorganic expansion of our global footprint.” Result PDF
Tata Communications announced Q2FY23 results: Consolidated: Consolidated revenue stood at Rs 4,431 crore ($ 555.5 million); increasing +6.2% YoY. Sequentially, growth in revenue followed upsides in the Data business Consolidated EBITDA came in at Rs 1,130 crore ($ 141.7 million); rising +1.5% YoY, where margins stood at 25.5%, growing by 50 Bps sequentially Consolidated PAT stood at Rs 532 crore ($ 66.7 million) from INR 425 crore ($ 57.4 million) in Q2 FY22, marking an increase of +25.1% YoY Committed CAPEX for this quarter stood at $ 52.7 million relative to $ 52.9 million in Q2 FY22 Data services portfolio: Data business revenues came in at Rs 3,493 crore ($ 438 million), recording an increase of +4.6% QoQ and +11.2% YoY. Strong momentum witnessed across all offerings in the Data portfolio EBITDA stood at Rs 1,007 crore ($ 126.3 million), up +3.9% QoQ on the back of strong operational efficiencies The Core Connectivity portfolio reported growth of +5.9% YoY in revenue; EBITDA enhanced by +7.5% YoY, with margins coming in at 46.6% Digital Platforms and Services delivered robust growth of +16.5% YoY and +6.1% QoQ Declaring the results, A.S Lakshminarayanan, MD and CEO, Tata Communications, said, “We are pleased to announce robust data revenue growth and healthy profits in the second quarter of this fiscal. Our international markets are witnessing good growth and our continued efforts of shifting from products to platforms is yielding positive results.” Commenting on the results, Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said, “Our performance in the second quarter demonstrates our broad-based growth, continued strong performance on profitability and free cash flow. We are further strengthening our position as a trusted partner to our customers helping them evolve in their digital transformation journeys.” Result PDF