Tata Communications Ltd's Q4FY18 consolidated net loss narrows to Rs115.90cr yoy : Misses Estimates

The company’s consolidated revenue stood at Rs4,009cr, down 6.6% yoy and 2.6% qoq

May 10, 2018 05:05 IST India Infoline Research Team

Tata Communications Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 4,009 [6.6]
EBITDA 555.46 10.6
EBITDA Margin (%) 13.9 216
Net Loss (adjusted) 115.9
***EBITDA margin change is bps


Reco. Price


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Tata Communications Ltd missed estimates for Q4FY18, as profitability was lower than expected. Revenue shrank by 6.6% yoy to Rs4,009cr (expectation Rs4,162cr). EBITDA stood at Rs555.5cr, up 10.6% yoy against estimates of Rs618cr. EBIDTA margin rose by 216bps yoy to 13.9%. Adjusted Net Loss stood at Rs116cr against an estimate of a Net Profit of Rs49.5cr.
  • Consolidated revenues declined by 2.6% qoq and 6.6% yoy as de-growth in the Voice and Payment Solutions business continued from the previous quarter.
  • The Data business grew by 4% yoy as Growth Services grew at 20.7% yoy.
  • EBIDTA growth of 10.6% yoy and margin expansion on 216bps was due to higher margin and contribution across all segments except for Voice.
  • Capex for Q4FY18 stood at $51.7mn with a total capex of $235 for FY18, which was lower than the earlier stated capex guidance of $250-275mn.

Technical View:

Tata Communications Ltd is currently trading at Rs. 614.25, up by 2.95 points or 0.48% from its previous closing of Rs. 611.30 on the BSE.
The scrip opened at Rs. 614.10 and has touched a high and low of Rs. 615 and Rs. 609.50 respectively. So far 5,93,333 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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