Tata Communications Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Total revenue from operations stood at ₹ 4,872 Cr · Net profit saw a massive surge of 58.5% YoY and stood at ₹ 221 Cr · EBITDA showed up at ₹ 1,015 Cr

Performance Highlights

· Consolidated revenue reported a 10% YoY increase · EBITDA with a 20.8% margin and underlying EBITDA Margin was 21.7%. · Q2 cash CAPEX: USD 71 Mn

Tata Communications Data Services

· Data business revenue: INR 3,995 crore, up 14.4% YoY · Data EBITDA was ₹ 913 Cr a decrease of 9.3% YoY · Digital Portfolio's growth was recorded at 30.2% YoY

CEO Announces

The company’s planned investments in inorganic and organic opportunities correspond to its strategy of “Fit to Grow”.

Source: TATA Communications Financial Report – Q2 Report, BSE