Tata Communications clocks 18.5% yoy growth in FY22 PAT; declares dividend of Rs20.7 per share

22 Apr 2022 , 12:10 PM

Tata Communications, a global digital ecosystem enabler, has announced its financial results for the quarter and year ended March 31, 2022.

Company’s consolidated revenue for FY22 stood at Rs16,725 crore (USD 2,244.9 million) and at Rs4,263 crore (USD 567.0 Mn) for Q4FY22.

Consolidated EBITDA was reported at Rs4,227 crore (USD 567.3 million); with margins at 25.3%, expanding by 40 bps yoy. EBITDA margin for the quarter stood at 24.5%.

Consolidated PAT stood at Rs1,482 crore (USD 198.9 million) as against a profit of Rs1,251 crore (USD 168.4 million) in FY21, registering a growth of 18.5% yoy.

CAPEX for this year stood at Rs1,608 crore (USD 216.9 million) as compared to Rs1,421 crore (USD 191.4 million) in FY21.

Free Cash Flow for FY22 was Rs2,619 crore (USD 345.6 million).

The Board has recommended a dividend of Rs20.7 per share as a result of the Company reporting strong profitability.

Within Digital Platforms, the company has witnessed double-digit yoy growth across all segments except Collaboration. Company’s Incubation portfolio logs growth of 49.1% QoQ and 67.6% yoy. While data business witnessed marginal growth of 2.1% QoQ and 1.4% yoy.

At around 12.17 PM, Tata Communications was trading at Rs1,247.80 down by Rs33.6 or 2.62% from its previous closing of Rs1,281.40 on the BSE. It touched intraday high and low of Rs1,273.05 and Rs1,234.95 respectively.