Tata Communications Q1FY25: PAT Grows 12.8%, Revenue Up 18%
The company's revenue from operations also saw a rise, growing by 18 per cent YoY to Rs 5,633.4 crore, compared to Rs 4,771.36 crore in the same period last year
Tata Communications has reported robust financial results for the first quarter of FY25, ending June 2024, with a consolidated Profit After Tax (PAT) of Rs 332.8 crore. This is a notable 12.8 per cent year-over-year (YoY) increase from Rs 381.75 crore in the corresponding quarter of the previous fiscal year.
The company's revenue from operations also saw a rise, growing by 18 per cent YoY to Rs 5,633.4 crore, compared to Rs 4,771.36 crore in the same period last year.
The company saw a quarter-over-quarter (QoQ) increase of 6.5 per cent in its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), reaching Rs 1,124.2 crore. Additionally, EBITDA margins improved by 140 basis points (bps), moving up to 20 per cent from the previous quarter's 18.6 per cent.
This growth is further highlighted by the good performance of Tata Communications' digital portfolio, which reported a YoY revenue growth of over 50 per cent for the quarter, accounting for 45.7 per cent of the company’s data revenue.
“We are pleased to announce a strong and positive start to FY25, with our quarterly performance indicators showing promising results. We remain bullish about the market opportunities, and with our expanded product capabilities and increasing customer relevance, we are confident in our ability to achieve our medium-term growth objectives,” said AS Lakshminarayanan, MD and CEO, Tata Communications.
