Tata Communications Ltd Q1FY24; 30% fall in Profits

Tata Communications was incorporated on March 19, 1986 as VSNL. In February 2002, the Government of India, as per their disinvestments plan, sold 25% of their holding in the company to the strategic partner. Consequently, the company was taken over under the administrative control of TATA. It is the leading global digital ecosystem enabler. It has a leadership position in emerging markets, and an infrastructure that spans the globe. It delivers managed solutions to multinational companies and service providers. It partners with 300 of the Fortune 500 companies with their state-of the-art solutions, including a wide range of communication, collaboration, cloud, mobility, connected solutions, network and data center services.

Financial Results:

Tata Communications Ltd reported Revenues for Q1FY24 of ₹4,771.00 Crores up from ₹4,311.00 Crore year on year, a rise of 10.67%.

Total Expenses for Q1FY24 of ₹4,458.00 Crores up from ₹3,850.00 Crores year on year, a rise of 15.79%.

Consolidated Net Profit of ₹382.00 Crores down 29.91% from ₹545.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹13.39, down 29.82% from ₹19.08 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.