Tata Communications consolidated net loss of Rs.248 crore in Q2FY18, vs net profit of Rs. 85 crore in Q2FY17

India Infoline Research Team | October 25, 2017 17:24 IST

Tata Communications Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 4,218 [6.5]
EBITDA 565 [14.7]
EBITDA Margin (%) 13.4 [129]
Net Loss 248 -
***EBITDA margin change is bps
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Reco. Price

693.25

Last updated on

13-Oct-2017



Tata Communications consolidated revenue for the quarter came in at Rs. 4218 crore, registering 6.5% yoy decline. This was primarily driven by degrowth in its Voice Solutions business and Payment Solutions business by 19.7% and 38.6%.

EBITDA for the quarter fell by 14.7% yoy to Rs. 565 crore with a corresponding margin contraction of 129 bps. EBITDA margin for the quarter stood at 13.4%. This margin contraction was aided by higher employee costs by 5.8%.

Loss for the quarter came in at Rs. 248 crore vs profit of Rs. 85 crore in corresponding previous quarter.


Technical View:

Tata Communications Ltd is currently trading at Rs. 701.40, down by 28.25 points or 3.87% from its previous closing of Rs. 729.65 on the BSE.
The scrip opened at Rs. 735 and has touched a high and low of Rs. 735.10 and Rs. 696 respectively. So far 9,20,973(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

BSE 702.20 7.65 (1.10%)
NSE 701.05 4.65 (0.67%)

***Note: This is a NSE Chart

 

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