Mumbai, April 28, 2021
Tata Communications today announces its financial results for the FY2021 and for the quarter ended March 31st, 2021.
Consolidated Nos. | INR Crore | YoY Growth |
Gross Revenue | 17,100 | 0.2% |
EBITDA | 4,261 | 29.5% |
EBITDA margin | 24.9% | 560 Bps |
PAT | 1,251 |
Consolidated Nos. | INR Crore | YoY Growth |
Gross Revenue | 4,073 | (7.4%) |
EBITDA | 1,015 | 16.8% |
EBITDA margin | 24.9% | 520 Bps |
PAT | 299 |
A.S Lakshminarayanan, MD and CEO, Tata Communications said, “FY21 has been a great year; making excellent progress on our well-defined strategy. Execution on financial fitness is yielding good results and the shifts from products to platforms, deeper customer engagements are a work in progress and we anticipate continued progress on these strategic levers to achieve our goals. Our teams have gone the extra mile in delivering benchmark level Net Promoter Score (NPS) in a difficult year and are committed on execution to deliver on our strategy.”
Commenting on the results, Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said, “Our focus on right operating structure and cost efficiencies have started to show results during the year. There has been significant improvement in profitability making our business fit to compete effectively. Profit and cash flow generation has improved dramatically. We now have a stronger balance sheet providing us the flexibility to invest for future growth of business.”
An investor fact sheet providing detailed analysis of the results for the quarter ended March 31st, 2021 has been uploaded on the Tata Communications website and can be accessed here.
Customer wins:
Ends...
Arati Mukerji Tata Communications +91 99588 95759 arati.mukerji@tatacommunications.com | Vipul Garg Tata Communications +91 (11) 6625 7431 vipul.garg@tatacommunications.com |
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.