Tata Communications Q1FY24 result preview: PAT may slip nearly 5% QoQ; revenue likely to grow 3%

Tata Communications Q1FY24 result preview: Tata Communications is expected to announce its June quarter numbers (Q1FY24) on Wednesday, July 19. Ahead of the result announcement, shares of Tata Communications ended flat at Rs 1600.15 apiece on the BSE.

How is Tata Communications expected to perform in the June quarter? 

As per Zee Business research, the Tata Group company is expected to post revenue for the quarter ending June 30 at Rs 4,700 crore, a 2.9 per cent increase as compared to Rs 4,569 crore in the 2023 March quarter.

The profit after tax (PAT) is expected to come in at Rs 310 crore against Rs 326 crore registered in the previous quarter, down 4.9 per cent. The earnings before interest, taxes, depreciation, and amortisation, or EBITDA, are expected to come in at Rs 1,050 crore, compared to Rs 1,034 crore seen in the previous quarter. The company's margin, a key measure of profitability for a business, may decline by 30 basis points (bps) to 22.3 per cent QoQ.

The research desk further sees a QoQ growth of 5.2 per cent in data revenue at Rs 3,862 crore. Voice income is expected to decline by 2 per cent to Rs 453 crore.

Tata Communications' performance in Q4 

Tata Communications reported a nearly 11 per cent decline in the consolidated net profit at Rs 326.03 crore in the fourth quarter ending March 31, 2023. The company posted a profit of Rs 365.06 crore in the same period a year ago.

Tata Communications' share price historic performance

So far in 2023, shares of Tata Communications have gained over 21 per cent against the Nifty's rise of nearly 9 per cent.

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