Tata Communications to release Q4 result today; PAT likely to jump 625% QoQ

Tata Communications Q4 preview: Tata Communications, the telecommunications company of the Tata Group, is slated to release its fourth-quarter earnings for the fiscal year 2023–24 (Q4 FY24) on Wednesday, April 17.

The company, as per Zee Business Research, is expected to report a profit after tax (PAT) of Rs 325 crore for the quarter under review, a jump of a whopping 625 per cent on a sequential basis against Rs 44.8 crore logged in the December quarter. Adjusted PAT for the March quarter is expected to surge 41.1 per cent to Rs 325 crore from Rs 230.3 crore registered in the previous quarter. 

There was an exceptional loss of Rs 185.5 crore in the last quarter. 

Revenue for the company is estimated to rise 2.1 per cent QoQ to Rs 5,750 crore, while EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is seen rising from Rs 1,134 crore to Rs 1,150 crore, up 1.4 per cent. 

The margin is expected to remain flat at 20 per cent from 20.1 per cent in the previous quarter. 

The research desk expects Tata Communications to post an improvement of 2.4 per cent in income growth. Besides, data revenue is also expected to rise by 3 per cent QoQ, while voice revenue is likely to see a decline of 3 per cent. 

A steady growth in the digital portfolio will support the company. Meanwhile, margins are expected to face slight pressure due to new acquisitions. A commentary on the growth outlook will be keenly watched.

Tata Communications' stock performance

Shares of the company have given over 51 per cent returns in the past one year against a 25 per cent rise in the benchmark Nifty50 index. The stock of the company in Tuesday's session ended at Rs 1,884.05, down 1.32 per cent on the BSE.