Tata Communications Q4 dividend: Telecom company recommends final dividend of Rs 16.70 per share

Tata Communications dividend 2024, Tata Communications announcement: The board of directors of Tata Communications, the telecommunications company of the Tata group, today, April 17, 2024, recommended a final dividend of Rs 16.70 per equity share of face value of Re 10 for the financial year ending March 31, 2024.

"This dividend, upon approval of the shareholders at the ensuing annual general meeting (AGM), shall be paid to eligible shareholders after its conclusion," the company said in a stock market disclosure.

The company has also shared results for the fourth and final quarter of the financial year 2023-24.

A look at Tata Communications' Q4 financial results

Tata Communications reported a consolidated net profit of Rs 321.2 crore, up 7.2 times sequentially. Zee Business analysts had estimated a profit after tax (PAT) of Rs 325 crore for the quarter. This is almost in line with Zee Business' estimates. Read More here

The company achieved a total income of Rs Rs 5,748.7 crore, which grew 1.8 per cent on a quarter-on-quarter basis, as per a regulatory filing. 

Meanwhile, the telecom company's EBITDA, or earnings before interest, taxes, depreciation, and amortisation, was Rs 1,056 crore, which grew 2.1 per cent in the fourth quarter of the financial year 2024 (Q4FY24).

Zee Business' analysts had estimated a rise of 2.1 per cent QoQ in revenues to Rs 5,750 crore, while EBITDA was estimated to grow 1.4 per cent from Rs 1,134 crore to Rs 1,150 crore.

Also Read: Tata Communications Q4 Results: PAT jumps over seven times sequentially, almost in line with estimates