Tata Communications Q4 Review - Long Term Growth Prospect Intact: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.