Tata Communications, a leading global digital infrastructure provider, reported its consolidated financial results for the quarter and year ended March 31, 2019.
Highlights | FY2019
| Consolidated Nos. | INR Crore | YoY Growth | USD Mn | YoY Growth |
| Gross Revenue | 16,525 | (1.5%) | 2,363.7 | (9.1%) |
| EBITDA | 2,745 | 13.8% | 392.6 | 4.9% |
| EBITDA margin | 16.6% | 220 Bps | 16.6% | 220 Bps |
| PAT | (82.4) | ↑ | (11.8) | ↑ |
Highlights | Q4 FY2019
| Consolidated Nos. | INR Crore | QoQ Growth | YoY Growth | USD Mn | QoQ Growth | YoY Growth |
| Gross Revenue | 4,243.5 | (0.6%) | 5.0% | 602.3 | 1.7% | (4.1%) |
| EBITDA | 685.3 | (18.7%) | 16.7% | 97.2 | (17.4%) | 6.6% |
| EBITDA margin | 16.1% | (360 Bps) | 160 Bps | 16.1% | (380 Bps) | 160 Bps |
| PAT | (198.8) | ↓ | ↓ | 28.5 | ↓ | ↓ |
Commenting on the results, Vinod Kumar, MD and CEO, Tata Communications, said, “The strong growth in our data business has helped us deliver consistent financial performance and create momentum for our future growth. Growth Services continue to scale up and adoption of these platform services is enabling deeper engagement with customers. Our focus remains on offering best in class digital infrastructure solutions; ensuring seamless global connectivity and effortless digital transformation for businesses around the world.”
Commenting on the results, Pratibha K. Advani, CFO, Tata Communications, said, “Our startegy to focus on our Data Services portfolio has started to show results with our Growth Services portfolio turning EBITDA positive on the back of strong topline growth and we are starting to see significant traction in our innovation services portfolio. We are confident that we are moving in the right direction and our focus remains on strengthening our cash flows and return ratios as we continue to pursue profitable growth opportunities in future.”
An investor fact sheet providing detailed analysis of the results for the quarter ended March 31st, 2019 has been uploaded on the Tata Communications website and can be accessed here.
Business highlights | FY2019
Employee success
Customer success
Awards and recognition: Analysts and Industry
ENDS…
[1] Innovation Services include Mobility, IoT and NetFoundry
[2] Growth Services include IZO™, Managed Hosting, Managed Security Services, Media Services, SIP Trunking, Global Hosted Contact Center, Mobile New Services, Healthcare, Media Management and Mobile Innovation
[3] Traditional services include Virtual Private Network, International Private Line, Internet Leased Line, Ethernet, Internet Protocol –Transit, Inmarsat, Content Delivery Network, National Private Line, Mobility, Data Centre, Unified Collaboration and Conferencing
Ends...
| Media Contact: Shahnaz Mansoor | Investor Contact Vipul Garg |
Tata Communications is a leading global digital infrastructure provider that powers today’s fast- growing digital economy.
The company’s customers represent 300 of the Fortune 500 whose digital transformation journeys are enabled by its portfolio of integrated, globally managed services that deliver local customer experiences. Through its network, cloud, mobility, Internet of Things (IoT), collaboration and security services, Tata Communications carries around 30% of the world’s internet routes, and connects businesses to 60% of the world’s cloud giants and 4 out of 5 mobile subscribers.
The company’s capabilities are underpinned by its global network, which is the world’s largest wholly owned subsea fibre backbone and a Tier-1 IP network.
Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India, and it serves customers in more than 200 countries and territories worldwide through its technology capabilities and partnerships.
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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