Mumbai, October 16, 2020
Tata Communications today announces its financial results for the quarter ended September 30th, 2020.
|QoQ Growth||YoY Growth|
|EBITDA margin||26.3%||260 Bps||680 Bps|
Commenting on the results, A.S Lakshminarayanan, MD and CEO, Tata Communications, said, “We have had a strong performance in Q2, as we continue to deepen our customer engagements and support enterprises to seamlessly embark and advance on their digital transformation journeys. Leveraging the shift to cloud-first, internet-first strategies, we are innovating across our portfolio to offer solutions that are tailored to this new digital-first world. We see great opportunities ahead, as organisations look to harness the power of technology to transform their business models and drive competitive differentiation and sustainable development.”
Commenting on the results, Pratibha K. Advani, Chief Financial Officer, Tata Communications, said, “Data business continues to grow at a healthy pace and profitability has improved due to our focus on operational efficiencies. Our margins have expanded, and we have witnessed 3 successive quarters of double-digit EBITDA growth leading to strong PAT. There has been a robust improvement across all financial parameters; our profitability and cash flow generation has improved significantly in the last few quarters leading to a stronger balance sheet for the future.”
An investor fact sheet providing detailed analysis of the results for the quarter ended September 30th, 2020 has been uploaded on the Tata Communications website and can be accessed here.
|Media Contact: Shahnaz Mansoor Tata Communications +91 98339 96903 firstname.lastname@example.org||Investor Contact: Vipul Garg Tata Communications +91 (11) 6625 7431 email@example.com|