Tata Communications, a global digital ecosystem enabler, today announces its financial results for the quarter ended 30th June 2022.
Highlights | Q1 & FY2023
Consolidated financial highlights
- Consolidated revenue stood at INR 4,311 crore (USD 558.9 Mn); increasing +5.1% YoY. Sequentially, growth in revenue followed upsides in the Data business
- Consolidated EBITDA came in at INR 1,077 crore (USD 139.7 Mn); enhanced +9.2% YoY, where margins stood at 25%, growing by 95 Bps YoY
- Consolidated PAT stood at INR 544 crore (USD 70.5 Mn) from INR 296 crore (USD 40.1 Mn) in Q1 FY22, marking an increase of +83.6% YoY
- Cash CAPEX for this quarter stood at USD 42.7 Mn relative to USD 46.2 Mn in Q1 FY22
Data services portfolio
- Data business revenues came in at INR 3,340 crore (USD 433.1 Mn), recording an increase of +7.6% YoY. Digital Platforms and Services delivered robust growth of +12.3% YoY
- EBITDA stood at INR 969 crore (USD 125.7 Mn), up +4% YoY backed by consistent delivery in Core Connectivity and Digital Platforms and Services
- The Core Connectivity portfolio reported growth of +3.6% YoY in revenue; EBITDA enhanced by +2.6% YoY, with margins coming in at 42.5%
| Consolidated Nos. | INR Crore | QoQ Growth | YoY Growth |
| Gross Revenue | 4,311 | 1.1% | 5.1% |
| EBITDA | 1,077 | 3% | 9.2% |
| EBITDA margin | 25% | 46 Bps | 95 Bps |
| PAT | 544 | 49% | 83.6% |
Announcing the quarter results, A.S. Lakshminarayanan, MD and CEO, Tata Communications, said, “We delivered a profitable data revenue growth as a result of disciplined execution, portfolio enhancements and deeper customer engagements. We continue to closely monitor and overcome the OEM and Supply Chain challenges. We are pleased with the healthy growth in the order booking and funnel additions across our portfolio, both in India and international markets.”
Commenting on the results, Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said, “We continue to maintain our focus on operational efficiencies and balance sheet hygiene which is reflected in our profitability and cash flow. We are pleased to see a strong impact of our finance strategy in the company’s performance.”
An investor fact sheet providing detailed analysis of the results for the quarter and full year ended 30th June 2022 has been uploaded on the Tata Communications website and can be accessed here.
Media Contact:
Investor contact:
About Tata Communications
A part of the Tata Group, Tata Communications (NSE: TATACOMM; BSE: 500483) is a global digital ecosystem enabler powering today’s fast-growing digital economy in more than 190 countries and territories. Leading with trust, it enables digital transformation of enterprises globally with collaboration and connected solutions, core and next gen connectivity, cloud hosting and security solutions and media services. 300 of the Fortune 500 companies are its customers and the company connects businesses to 80% of the world’s cloud giants. For more information, please visit www.tatacommunications.com
Forward-looking and cautionary statements
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.
© 2022 Tata Communications. All rights reserved. TATA COMMUNICATIONS and TATA are trademarks or registered trademarks of Tata Sons Private Limited in India and certain countries.
Disclaimer: IZO™ Cloud is now Tata Communications Vayu Cloud. Tata Communications CloudLyte is now Tata Communications Vayu Edge. TATA COMMUNICATIONS VAYU branded services are available in India only.