Tata Communications has announced its financial results for the Q2 FY25. The gross revenue stood at 57.67 billion as compared to 48.72 billion in the corresponding quarter of financial year 2023-2024 (FY24), registering an 18.4 per cent increase year-on-year (YoY). Further, consolidated earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at 11.17 billion as compared to 10.15 billion in same quarter last year, rising 10 per cent YoY. The EBITDA margin decreased by 140 basis points (bps) from 20.8 per cent to 19.4 per cent in the reported quarter.
Furthermore, data business revenues of the company grew to 48.34 billion in the reported quarter, marking a 21 per cent increase from data revenue in the same quarter last year (39.95 billion). Moreover, profit after tax (PAT) showed a 3 per cent rise, to 2.27 billion from 2.21 billion during the reported period.
Commenting on the results, A S Lakshminarayanan, managing director and chief executive officer, Tata Communications, said, “We are pleased to report a strong YoY growth in revenue and EBITDA. Our order book has expanded with some key strategic wins across markets. The adoption of our digital fabric (network, cloud and security, interaction and internet of things) by enterprises continues to drive our optimism about future growth.”
Meanwhile, Kabir Ahmed Shakir, chief financial officer, Tata Communications, said, “The fundamentals of the business continue to be strong. We are executing multiple strategic measures, including land monetisation, which will help us create capacity for future opportunities and reposition our assets to capture medium to long term profitable growth.”
