The company has reported an increase of 6.5% QoQ in its EBITDA at Rs 1,124.2 crore while the EBITDA margins went up by 140 bps on a quarterly basis to 20% from an 18.6% earlier.
Tata Communications has reported a digital portfolio YoY revenue growth of over 50% in the quarter ended June 2024, accounting for 45.7% of data revenue.
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“We are pleased to announce a strong and positive start to FY25, with our quarterly performance indicators showing promising results. We remain bullish about the market opportunities, and with our expanded product capabilities and increasing customer relevance, we are confident in our ability to achieve our medium-term growth objectives,” said AS Lakshminarayanan, MD and CEO, Tata Communications while commenting on the first quarter results.For the previous quarter, Tata Communications had reported a 1.5% (YoY) drop in the consolidated net profit to Rs 321 crore. Meanwhile, revenue from operations jumped 25% (YoY) to Rs 5,692 crore.The company’s EBITDA had risen by 2% to Rs 1,056 crore in contrast to the EBIT margin, which declined from 23% to 19% for the fourth quarter ended March 2024.Shares of Tata Communications closed 1.14% higher at Rs 1,872 on BSE today.
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