Tata Communications Q4 Review - Long Term Growth Prospect Intact: ICICI Direct
Signage for Tata Communications is displayed atop of the company's headquarters as a traffic signal stands, in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Tata Communications Q4 Review - Long Term Growth Prospect Intact: ICICI Direct


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ICICI Direct Report

Tata Communication Ltd.’s Q4 FY21 revenues were weak largely due to Covid-19 related weakness in deal conversion and tapering down of unified communications and collaboration traffic impacting data revenues growth.

Topline came in at Rs 4,073 crore, down 7.4% YoY, 3.5% QoQ as data revenues (forming ~86% of revenues) declined 2.2% YoY (down 0.9% QoQ).

Consolidated Ebitda came in at Rs 1,015 crore, up 16.8% YoY, down 3.1% QoQ.

The consequent margin was at 24.9% (up 517 basis points YoY, 15 bps QoQ).

Data Ebitda margin was at 27.9%, up 500 bps YoY (down 100 bps QoQ, impacted by one-off catch-up costs).

Click on the attachment to read the full report:

ICICI Direct Tata Communications Q4FY21 Result Review.pdf


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