New York (NYSE) & Mumbai (BSE), February 09, 2013
Q3 FY2013 Global Voice Services NetRevenues up 4% YoY, EBITDA up 21% YoY
Q3 FY2013 Global Data Services Gross Revenues up 21% YoY, EBITDA up 8% YoY
Q3 FY2013 Start-up Business Gross Revenues up 9% YoY, EBITDA up 290% YoY
New York (NYSE) & Mumbai (BSE) – February 9th 2013 – Tata Communications Limited, today announces its financial results for the quarter and nine-months ended December 31st 2012(Q3 FY13 and 9M FY13 respectively).
Consolidated Gross Revenues improved by 23% to Rs. 44,341million (USD 819 million @avg. Fx of INR/USD 54.12) in Q3 FY2013 from Rs. 36,041million (USD 709 million @avg. Fx of INR/USD 50.84) in the corresponding quarter of the previous year. The Core Business Revenues increased by 25% at Rs. 39,532million (USD 730 million) from Rs. 31,648million (USD 623 million) in Q3 FY2012.
The Startup Business, pertaining broadly to Neotel, showed a growth in revenues of9% at Rs. 4,810million (ZAR 772 million @ avg. Fx of INR/ZAR 6.23),from Rs. 4,394million (ZAR 701 million @ avg. Fx of INR/ZAR 6.27) in Q3 FY2012. The EBITDA margins in the Startup Business stood10.3% in Q3 FY2013 significantly higher from2.9% in Q3 FY2012.
Consolidated Gross Revenues were at Rs. 128,125million (USD 2354 million @avg. Fx of INR/USD 54.44) in 9M FY2013 as compared to Rs. 102,348million (USD 2173 million @avg. Fx of INR/USD 47.10) last year; showing a growth of 25%. The Core Business grew27% to Rs. 113,836million (USD 2091 million) from Rs. 89,489million (USD 1900 million) in 9M FY2012.
GVS reported a total of 46.7 bn voice minutes compared to 40.1bn minutes in 9M FY2012. GDS revenues improved 24% at Rs. 50,071million (USD 920 million) in 9M FY2013 from Rs. 40,335million (USD 856 million) in 9M FY2012.
In the Startup Business, revenue growth was at 11% at Rs. 14,289million (ZAR 2192 million @ avg. Fx of INR/ZAR 6.52) from Rs. 12,859million (ZAR 2000 million @ avg. Fx of INR/ZAR 6.43) in the same period last year. The EBITDA margins at Neotel were reported at 11.2% in 9M FY2013 from -2.9% in 9M FY2012.
Commenting on the performance of Q3 and 9M FY2013, Vinod Kumar, MD and Group CEO, Tata Communications, said, “Our performance this quarter is a reflection of our focused drive to progressively improve operating results, while at the same time,maintaintop-line growth. We have firmly established all the foundational pieces required to support a solid, global communications and media business and are now focused on sweating our global assets as we continue to innovate and keep what we have developed at the forefront of the market.”
Corporate highlights for FY13
AWARDS & RECOGNITION
A presentation and fact sheet providing the definitions and a detailed analysis of the results for the quarter ended December 31st, 2012 has been uploaded on the Tata Communications website and can be accessed at
FOR IMMEDIATE RELEASE
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Tata Communications Limited (CIN no: L64200MH1986PLC039266) along with its subsidiaries (Tata Communications) is a leading global provider of A New World of Communications™. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
The Tata Communications global network includes one of the most advanced and largest submarine cable networks and a Tier-1 IP network with connectivity to over 240 countries and territories across 400 PoPs, as well as nearly 1 million square feet of data centre and collocation space worldwide.
Tata Communications’ depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services and leadership in global international voice. Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications’ expected financial position, business strategy, the future development of Tata Communications’ operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications’ network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company’s communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications’ industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications’ control, include, but are not limited to, those risk factors discussed in Tata Communications Limited’s Annual Reports. The Annual Reports of Tata Communications Limited are available at www.tatacommunications.com. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.
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