Tata Communications, a global digital ecosystem enabler, announced its financial results for the second quarter ended 30th September 2021. The company’s consolidated revenue came in at Rs. 4,174 crore (USD 563 Mn); a growth of +1.7% QoQ and a 5.2% decrease YoY. Sequential growth is on account of gradual recovery across both Data and Voice segments. Consolidated EBITDA stood at Rs. 1,113 crore (USD 150 Mn); an increase of +12.9% QoQ and a decrease of 3.9% YoY with margins at 26.7%. Margin expanded by 260 BPs QoQ and 40 BPs on a YoY basis.
Consolidated Profit After Tax (PAT) of the company is at Rs. 425 crore (USD 57 Mn) as compared to a profit of Rs. 385 crore in Q2 FY21, registering a growth of +10.6% YoY and 43.7% QoQ. CAPEX for this quarter was at Rs. 392 crore as compared to Rs. 318 crore in Q2FY21.
Commenting on the second quarter performance, A. S. Lakshminarayanan, MD and CEO, Tata Communications, said: “Delivering a sequential growth on a quarter-on-quarter basis after three quarters of decline is a positive indicator which we will continue to build on. The second quarter of FY22 was marked by recovery with favourable underlying trends as economic activities normalise. As the global industries recover, we continue to maintain sharp focus on the needs of our customers, in line with the rapidly changing trends and evolving digital needs.”
Commenting on the results, Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said: “Our performance in the second quarter demonstrates a continued improvement in revenue supported by improvement in profitability and build-up of free cash flow. We continue to strengthen our balance sheet and invest for future growth as we evolve as a trusted partner for our customers, enabling their digital transformation journey.”
A part of the Tata Group, Tata Communications 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. Its Tier-1 IP network, wholly-owned subsea fibre backbone and consortium cables’ global network carries ~30% of the world’s internet routes.
For more information please visit http://www.tatacommunications.com