Tata Communications Q3 PAT up 27.84% at Rs395.21cr on lower voice, network and manpower costs

20 Jan 2022 , 12:25 PM

Tata Communications Ltd reported flat total revenues for the Dec-21 quarter on consolidated basis at Rs4,185cr. The revenues were higher by 0.26% on sequential basis.

The company reported growth across its 3 main verticals viz. core connectivity, digital platforms and incubation services. Overall data business saw over 3% growth on yoy basis and on sequential basis.

TCOM has been focusing largely on digital transformation. TCOM also saw a healthy improvement in cash levels and reduction in the overall net debt.

The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 27.84% at Rs395.21cr on yoy basis. The profits were -7.09% lower on sequential basis.

EBITDA at Rs1,083cr, higher by 3.5% yoy. This implied EBITDA margins of 25.9%, an improvement of 110 bps over the previous year. TCOM saved Rs.100cr in costs across voice, data, networking, finance costs and manpower costs put together, which boosted profits.

PAT margins trended higher from 7.32% in Dec-20 quarter to 9.44% in the Dec-21 quarter. NPM was lower sequentially.

Financial highlights for Dec-21 compared yoy and sequentially

	Tata Communications
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 4,184.89	₹ 4,222.83	-0.90%	₹ 4,174.02	0.26%
Net Profit (Rs cr)	₹ 395.21	₹ 309.15	27.84%	₹ 425.38	-7.09%
Diluted EPS (Rs)	₹ 13.87	₹ 10.85		₹ 14.93
Net Margins	9.44%	7.32%		10.19%