Tata Communications Q4 Results: PAT jumps over seven times sequentially, almost in line with estimates; Tata group company declares dividend
Tata Communications Q4 FY24 Results: The Tata group telecom company reported a 7.2 times quarter-on-quarter jump in consolidated net profit to Rs 321.2 crore for the final quarter of the financial year 2023-24, almost meeting analysts' expectations.
![Tata Communications Q4 Results: PAT jumps over seven times sequentially, almost in line with estimates; Tata group company declares dividend](https://cdn.zeebiz.com/sites/default/files/2024/04/17/288604-tatacommunicationscompanywebsite.jpg?im=FitAndFill=(1200,900))
Tata Communications (TATACOMM) Q4 FY24 Results: Tata group telecommunications firm Tata Communications on Wednesday reported a consolidated net profit of Rs 321.2 crore for the final quarter of the financial year 2023-24, up 7.2 times sequentially and almost in line with analysts' estimates.
The company's total income grew 1.8 per cent on a quarter-on-quarter basis to Rs 5,748.7 crore, according to a regulatory filing.
According to Zee Business research, Tata Communications was estimated to report a consolidated net profit of Rs 325 crore with revenue of Rs 5,750 crore for the January-March period.
Tata Communications' EBITDA margin, a key measure of profitability, stood at 18.6 per cent for the March quarter as against 20.1 per cent for the previous three months.
Tata Communications Q4: Segment-wise revenue
While revenue from its core business segment of data services increased 0.9 per cent sequentially to Rs 4,670.9 crore, that from voice solutions improved 1.4 per cent to Rs 429 crore. Campaign registry revenue increased 9.1 per cent to Rs 138 crore and transformational services revenue declined 1.1 per cent to Rs 397.3 crore.
Revenue from its real estate and payment solutions units grew marginally to Rs 59.8 crore and Rs 41.7 crore in the final quarter of the last financial year, from Rs 59.3 crore and Rs 40.3 crore in the October-December period.
Tata Communications dividend
The telecom company's board recommended a dividend of Rs 16.7 per share. Read more on TATACOMM dividend here
Tata Communications FY24 Results
For the full financial year ended March 31, 2024, the private sector telecom company registered a consolidated net profit of Rs 968.3 crore as against Rs 1,796 crore for the previous year.
Its FY24 revenue expanded to a record Rs 21,251.3 crore from Rs 18,201.4 crore the previous year, aided by 21.9 per cent year-on-year growth in data revenue to cross the Rs 17,000 crore mark, the company said.
Tata Communications' digital portfolio clocked broad-based growth across all its offerings, improving by 55.4 per cent on a full-year basis, it said.
Tata Communications management commentary
“We are pleased to report the significant revenue milestone of Rs 20,000 crore. We closed FY24 with strong execution and our digital fabric is witnessing increased relevance from enterprise customers," said Tata Communications MD and CEO AS Lakshminarayanan.
"As we enter the next fiscal, our firm focus will remain on integrating our acquisitions, executing our strategies, and driving sustainable and profitable revenue growth,” Lakshminarayanan added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/personal-finance/photo-gallery-new-income-tax-bill-slabs-2025-calculator-tax-you-need-to-pay-on-inr-1287500-annual-income-calculations-latest-taxation-rules-rebate-standard-deduction-marginal-relief-taxable-budget-347038](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/13/353002-top7-hybrid-funds-in-10-years-2.jpg?itok=jVfAvaIS)
New Tax Regime Slabs: Is your annual salary Rs 12,87,500? Do you need to pay tax on Rs 12,500 or Rs 12,87,500? See calculations to know
![https://www.zeebiz.com/personal-finance/photo-gallery-sip-mutual-fund-lump-one-time-investments-for-retirement-corpus-planning-calculator-want-to-get-inr-rs-60000-per-month-income-at-60-years-of-age-know-your-deposit-financial-goal-346968](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/13/353003-top7-hybrid-funds-in-10-years-3.jpg?itok=5BjCdVVp)
SIP, One-time Investments for Retirement Planning: Want to get Rs 60,000 monthly income at 60? Know how much you need to invest if you are 25, 30, 35, or 40 years old?
![https://www.zeebiz.com/personal-finance/photo-gallery-top-7-sbi-mutual-funds-mf-by-1-time-investment-return-inr-inr-100000-has-grown-to-rs-285000-348000-in-5-years-see-list-compare-sip-returns-347070](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/14/353025-twinimageswithtext-3.jpg?itok=pYist1zW)
Top 7 SBI Mutual Fund MFs by One-time Investment Return: Rs 1 lakh has grown to Rs 2.85 lakh-3.48 lakh in 5 years; see list, compare SIP returns
![https://www.zeebiz.com/personal-finance/photo-gallery-state-bank-of-indias-highest-fd-interest-rates-for-senior-citizens-on-amrit-vrishti-scheme-and-1-year-3-years-5-years-tenures-know-returns-on-rs-150000-rs-250000-rs-350000-fd-investments-347110](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/14/353065-senior-citizen-guaranteed-return-schemes.jpg?itok=KrjKQkc6)
SBI Senior Citizen FD Rates: Know what PSU bank is giving on Rs 1,50,000, Rs 2,50,000, and Rs 3,50,000 investments in fixed deposits
![https://www.zeebiz.com/personal-finance/photo-gallery-sbi-444-day-fd-vs-sbi-400-day-fd-which-can-give-you-higher-maturities-on-rs-2-lakh-4-lakh-and-6-lakh-investments-346909](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/13/352855-sbi-fd-2.png?itok=anQwE_Dj)
SBI 444-day FD vs SBI 400-day FD: Which can give you higher maturities on Rs 2 lakh, 4 lakh, and 6 lakh investments?
![https://www.zeebiz.com/personal-finance/photo-gallery-new-income-tax-bill-regime-slabs-old-existing-proposed-revised-calculator-what-will-be-your-tax-on-annual-income-salary-of-inr-rs-800000-1400000-2000000-2600000-nirmala-sitharaman-budget-2025-346889](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/13/352870-top7-hybrid-funds-in-10-years-1.jpg?itok=UqwoA5Li)
Income Tax Calculations: What will be your tax liability if your salary is Rs 8 lakh, Rs 14 lakh, Rs 20 lakh, and Rs 26 lakh?
![https://www.zeebiz.com/personal-finance/photo-gallery-monthly-salary-da-dearness-allowance-calculator-what-will-it-be-for-basic-salary-pay-of-inr-rs-25500-35400-53100-50-53-west-bengal-government-hike-inflation-index-central-state-government-employees-347095](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/14/353079-salary-da-calculator.jpg?itok=7eY6cBdg)
Dearness Allowance (DA) Calculations: Is your basic monthly salary Rs 25,500, Rs 35,400, or Rs 53,100? Know how much DA will you get at different rates
10:34 PM IST