TATA Communications Ltd consolidated Q1 PAT rises to Rs. 257.80 crore

TATA COMMUNICATIONS LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.4417.68 crores during the period ended June 30, 2020 as compared to Rs.4435.22 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.257.80 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.(275.02) crores for the period ended March 31, 2020.

The company has reported EPS of Rs.9.05 for the period ended June 30, 2020 as compared to Rs.(9.65) for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 4417.68 crs	₹ 4435.22 crs	-0.4%
Net Profit	₹ 257.80 crs	₹ (275.02) crs	-193.74%
EPS	₹ 9.05	₹ (9.65)	-193.78%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.4417.68 crores during the period ended June 30, 2020 as compared to Rs.4177.46 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.257.80 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.76.61 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.9.05 for the period ended June 30, 2020 as compared to Rs.2.69 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 4417.68 crs	₹ 4177.46 crs	5.75%
Net Profit	₹ 257.80 crs	₹ 76.61 crs	236.51%
EPS	₹ 9.05	₹ 2.69	236.43%

Commenting on the results, A.S Lakshminarayanan, MD and CEO, Tata Communications, said, "We have started this new financial year with strong performance amidst an uncertain and unpredictable economic environment. Digital is increasingly defining and shaping the experiences in this new world. It will become even more strategically core as businesses look to adopt new ways of working and transform how they operate, and how they engage with their audiences and with each other. We continue to be a key partner for our customers as they look to now focus on business recovery, acceleration, and growth.

Our new proposition, Secure Connected Digital Experience, is aimed at enabling customers to adopt new digital working models by providing a holistic ecosystem of solutions that are suited for this digital-first environment and are built for the long term. We're seeing good interest in the market for these solutions. We remain focused on our strategy to deliver profitable growth and to be a preferred digital partner to our customers."

Commenting on the results, Pratibha K. Advani, Chief Financial Officer, Tata Communications, said, "We have registered another quarter of strong growth. Data portfolio, which has been the key driver for our business, recorded a double-digit growth of 10% YoY with robust margin expansion of 460 Bps.

Enterprise business has also shown a healthy increase in the quarter, on the back of strong growth in India as well as the international markets, with India growing by 6.7% and international by 8.3% YoY. We continue to drive cost efficiencies in our business and with every successive quarter, we are improving our financial fitness."

Shares of TATA COMMUNICATIONS LTD. was last trading in BSE at Rs.720 as compared to the previous close of Rs. 728.5. The total number of shares traded during the day was 21709 in over 1722 trades.

The stock hit an intraday high of Rs. 758 and intraday low of 701.7. The net turnover during the day was Rs. 15926385.

Source : Equity Bulls

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