Tata Communications Ltd. share price target

Revenue fell by 2.58% to Rs. 4008.58 Cr in Q4FY18 when compared to the previous quarter. Tata Communications Ltd Q4FY18 results Comment

Tata Communication's (TCL) board has approved the scheme of reconstruction between Hemisphere Properties and itself, whereby TCL will transfer surplus land to Hemisphere for which equity share will be issued to shareholders of TCL in the ratio of 1:1. The record date for demerger, however, is awaited. The company has also indicated that...

A weak quarter, but long-term prospects promising Flat EBITDA on weak data segment performance: Consol. revenue fell 2% QoQ (-6.5% YoY) to INR 42.2b (4% miss) due to a decline in voice revenue (-6.4% QoQ, -20% YoY) to INR14.3b. Consol. EBITDA stood at INR5.6b, marginally up by 1% QoQ (-14% YoY, 4% miss), as a 2% drop in data EBITDA was offset by 17% voice EBITDA growth. Core PAT turned negative at INR2.5b v/s INR323m in the previous quarter. Adjusted PAT was down 10% QoQ to INR 0.3b (adj. for INR1.9b provision for TTSL investment and other exceptional provisions of INR0.3b.)...

Tata Communication (TCL) reported its Q1FY18 results. Topline de-grew by 3% YoY; but in USD term revenue growth was 0.3% YoY.

Revenues came in at | 4310 crore vs. our estimate of | 4235 crore. The beat was due to voice revenues, which came in at | 1533.4 crore vs. our estimate of | 1437.7 crore, as volumes of 10.8 billion minutes (decline of 3.6% YoY), were higher than estimated 10.2 billion minutes (8.7% YoY decline). Data revenues at | 2776.6 crore (underlying growth of 4.6% YoY) was largely in line with our estimate of | 2797.7 crore. The data business growth would have been higher but for disappointment in payment solutions business (decline of 35.7% YoY),...

Tata Communication (TCL) reported its Q4FY17 results. Topline de-grew by 12.6% YoY (against our expectation of 5% YoY de-growth) as certain one of events and demonetization impacted...

ICICI Securities Ltd | Retail Equity Research The overall revenues came in at | 4293.7 crore vs. our estimates of | 4386.1 crore. The miss was due to voice revenues which came in at | 1503.0 crore vs. our estimates of | 1612.8 crore, as volumes declined 5.7% YoY to 10 billion minutes. The data revenues at | 2796.6 crore...

Revenue decreased by 3.31% to Rs. 4360.05 Cr in Q3FY17 when compared to the previous quarter

ICICI Securities Ltd | Retail Equity Research On a like-to-like basis (including the Neotel & data centre), the topline came in came in at | 4872.4 crore vs. our estimate of | 4836.1 crore, aided by higher-than-expected revenues from Neotel. Voice revenues continued to remain subdued at | 1652.4 crore, down 16.7% YoY vs. our expectation of | 1710.3 crore. Overall data revenues came in at | 2766.4 crore (our estimate: | 2723 crore), down 5.1% QoQ, impacted by subdued performance in the payment...

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