Tata Communications has reported financial highlights for quarter ended (QE) June 2020. The company reported a consolidated revenue of Rs 44.03 billion during the reported quarter, up 5.6 per cent when compared to QE June 2019.
Further, Tata Communications’ net profit increased to Rs 2.58 billion in QE June 2020 from Rs 770 million in QE June 2019.
Meanwhile, consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) was 26.2 per cent up year-on-year and stood at Rs 10.42 billion. The capex for quarter under consideration stood at Rs 3.72 billion as compared to Rs 3.1 billion last year.
Data business saw strong growth across traditional and growth services. Revenue came in at Rs 36.04 billion, growing 9.9 per cent YoY, and 0.2 per cent sequentially. Sequential revenue growth was flat due to slowdown in TCTSL, TCPSL and one-time revenue in our Real Estate business in Q4. EBITDA for the quarter came in at Rs 9.75 billion, growing by 32.4 per cent YoY and 18.4 per cent QoQ. EBITDA margin was at 27 per cent, translating into an expansion of 450 Bps YoY and 410 Bps QoQ. This expansion is on the back of continued focus on cost efficiencies and lower cost due to lockdown.