Tata Communications Q2FY23 PAT up 25.13% at Rs532.29cr on profit surge from voice solutions vertical

19 Oct 2022 , 10:27 AM

Tata Communications reported 6.15% growth in total sales revenues for the September 2022 quarter on consolidated basis at Rs4,431cr. Sequential revenues were up 2.79%. In terms of revenue growth of verticals,

Tata Communication saw strong growth in revenues only in the data services vertical. Among others, payment solutions and transformation services were largely flat while the revenues from voice solutions were sharply down over 10% yoy.

Net cash from operations for the first half of FY23 was up nearly 50% yoy at Rs2,403 crore on better working capital efficiencies. Committed capex for the quarter was almost flat on yoy basis at $53 million.

Consolidated Profit after tax (PAT) for September 2022 quarter was up 25.13% at Rs532.29 crore while the profits were down -2.11% sequentially.

EBITDA was up 1.5% yoy at Rs1,130 crore while the EBITDA margins expanded by 50 bps on a sequential basis at 25.5%. The voice vertical contributed the most to growth in operating profits while the transformation vertical turned around.

Net margins came in at 12.01% for Q2FY23 as compared to 10.19% in the year ago quarter and 12.61% in the sequential June 2022 quarter.

Financial highlights for Sep-22 compared yoy and sequentially

	Tata Communications
Rs in Crore	Sep-22	Sep-21	YOY	Jun-22	QOQ
Total Income (Rs cr)	₹ 4,430.74	₹ 4,174.02	6.15%	₹ 4,310.52	2.79%
Net Profit (Rs cr)	₹ 532.29	₹ 425.38	25.13%	₹ 543.76	-2.11%
Diluted EPS (Rs)	₹ 18.68	₹ 14.93		₹ 19.08
Net Margins	12.01%	10.19%		12.61%