Tata Communications, a global digital ecosystem enabler, today announces its financial results for the second quarter ended 30th September 2022.

Highlights | Q2 FY2023

Consolidated financial highlights

• Consolidated revenue stood at INR 4,431 crore (USD 555.5 Mn); increasing +6.2% YoY. Sequentially, growth in revenue followed upsides in the Data business
• Consolidated EBITDA came in at INR 1,130 crore (USD 141.7 Mn); rising +1.5% YoY, where margins stood at 25.5%, growing by 50 Bps sequentially
• Consolidated PAT stood at INR 532 crore (USD 66.7 Mn) from INR 425 crore (USD 57.4 Mn) in Q2 FY22, marking an increase of +25.1% YoY
• Committed CAPEX for this quarter stood at USD 52.7 Mn relative to USD 52.9 Mn in Q2 FY22

Data services portfolio

• Data business revenues came in at INR 3,493 crore (USD 438 Mn), recording an increase of +4.6% QoQ and +11.2% YoY. Strong momentum witnessed across all offerings in the Data portfolio
• EBITDA stood at INR 1,007 crore (USD 126.3 Mn), up +3.9% QoQ on the back of strong operational efficiencies
• The Core Connectivity portfolio reported growth of +5.9% YoY in revenue; EBITDA enhanced by +7.5% YoY, with margins coming in at 46.6%
• Digital Platforms and Services delivered robust growth of +16.5% YoY and +6.1% QoQ

Declaring the results, A.S Lakshminarayanan, MD and CEO, Tata Communications, said, “We are pleased to announce robust data revenue growth and healthy profits in the second quarter of this fiscal. Our international markets are witnessing good growth and our continued efforts of shifting from products to platforms is yielding positive results.”

Commenting on the results, Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said, “Our performance in the second quarter demonstrates our broad-based growth, continued strong performance on profitability and free cash flow. We are further strengthening our position as a trusted partner to our customers helping them evolve in their digital transformation journeys.”

An investor fact sheet providing detailed analysis of the results for the quarter ended 30th September 2022 has been uploaded on the Tata Communications website and can be accessed here.