Mumbai, INDIA , July 18, 2024
Tata Communications, announced its financial results for the first quarter of FY25.
Highlights | Q1 FY2025
- Data revenue jumped by 20% YoY, coming in at INR 4,694 crore
- Digital Portfolio revenue grew by 51.5% YoY, accounting for 45.7% of data revenue
- Consolidated EBITDA rose by 9.8% YoY and margins expanded to 20%
Commenting on the results, AS Lakshminarayanan, MD and CEO, Tata Communications, said: “We are pleased to announce a strong and positive start to FY25, with our quarterly performance indicators showing promising results. We remain bullish about the market opportunities, and with our expanded product capabilities and increasing customer relevance, we are confident in our ability to achieve our medium-term growth objectives.”
Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said: “Our financial prudence, anchored in our ‘Fit to Grow’ framework, has yielded profitable growth and delivered margin expansion this quarter. As our products continue to gain traction and scale, we anticipate operating leverage, positioning us to achieve our margin aspirations in the medium term.”
Consolidated financial highlights
Q1 FY25
Particulars (INR Crore) | Quarter Ended – Q1 FY24 | Quarter Ended – Q1 FY25 | YoY Growth |
Gross Revenue | 4,771 | 5,633 | 18.1% |
Data Revenue | 3,912 | 4,694 | 20.0% |
EBITDA | 1,024 | 1,124 | 9.8% |
EBITDA Margin | 21.5% | 20.0% | (150 bps) |
PAT | 382 | 333 | (12.8%) |
PAT Margin | 8.0% | 5.9% | (210 bps) |
In The News This Quarter
- Tata Communications announce five-year host broadcasting services deal with World Athletics
- Tata Communications Hosted SASE redefines next-gen networking & security
- Tata Communications Continues To be Recognised for 11th Straight Year in Gartner Magic Quadrant
- Tata Communications Raises Environmental Bar by Adopting Sustainability-Linked Loan Framework
- Tata Communications CloudLyte Opens New Vistas to Edge Computing
- Tata Communications and Cisco Launch Webex Calling to Transform Cloud Communication in India
Major Awards & Recognitions This Fiscal
- Won three awards at the Cyber Defense Magazine Global Infosec Awards 2024 in the Next Gen Cyber Security Resilience Services, Managed Detection and Response (MDR) Service Provider, Best Solution Network Security Services categories
- Kabir Ahmed Shakir awarded the Best CFO for Large Enterprise at the 7th Edition of BW CFO World’s Best CFO & Finance Strategy Awards 2024.
- Tata Communications Kaleyra won the Tier One CPaaS Rank in the 2023 ROCCO CPaaS Market Impact Report
- Tata Communications Kaleyra won the Tier One CPaaS Rank in the 2023 ROCCO CPaaS Market Impact Report
- Recognised by Juniper Research as an established leader for Cellular IoT for MOVE™
- Won two Bronze Awards by Exchange4media for the Drive Week communication campaign in the categories of Internal Communication and CSR Campaign at the ‘India Public Relations and Corporate Communications (IPRCC) Award 2023’
- Awarded ‘Global Migration Partner’ & ‘India Partner of the Year’ by Genesys for FY24
- Recognised as the 1st runner-up in the Best DEI Programme Award category at the Bombay Chamber Diversity, Equity & Inclusion Awards FY25
An investor data pack providing detailed analysis of the results for the quarter ended 30th June 2024 has been uploaded on the Tata Communications website and can be accessed here.
Ends…
Mansi Somvanshi
Tata Communications
+91 98198 18462
mansi.tiwari@tatacommunications.com
Rajiv Sharma
Tata Communications
+91 98201 36641
rajiv.sharma@tatacommunications.com
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
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.
TATA COMMUNICATIONS and TATA are trademarks or registered trademarks of Tata Sons Private Limited in India and certain countries.
PR Archives: Latest, By Company, By Date