From the Sector

Tata Communications, a global digital ecosystem enabler, announces its financial results for the second quarter ended 30th September 2021.

Consolidated financial highlights:

• Consolidated revenue came in at INR 4,174 crore (USD 563 Mn); growth of +1.7% QoQ and 5.2% decrease YoY. Sequential growth is on account of gradual recovery across both Data and Voice segments.
• Consolidated EBITDA stood at INR 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) is at INR 425 crore (USD 57 Mn) as compared to a profit of INR 385 crore in Q2 FY21, registering a growth of + 10.6% YoY and 43.7% QoQ.
• CAPEX for this quarter was at INR 392 crore as compared to INR 318 crore in Q2 FY21.

Please find attached the detailed financial results Q2 FY22 for more information.