Tata Communications Ltd reports consolidated net profit of Rs. 299.20 crore in Q4 FY2020-21

TATA COMMUNICATIONS LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.4130.95 crores during the period ended March 31, 2021 as compared to Rs.4231.05 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.299.20 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.309.15 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.10.50 for the period ended March 31, 2021 as compared to Rs.10.85 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 4130.95 crs	₹ 4231.05 crs	-2.37%
Net Profit	₹ 299.20 crs	₹ 309.15 crs	-3.22%
EPS	₹ 10.50	₹ 10.85	-3.23%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.4130.95 crores during the period ended March 31, 2021 as compared to Rs.4435.22 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.299.20 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.(275.02) crores for the period ended March 31, 2020.

The company has reported EPS of Rs.10.50 for the period ended March 31, 2021 as compared to Rs.(9.65) for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 4130.95 crs	₹ 4435.22 crs	-6.86%
Net Profit	₹ 299.20 crs	₹ (275.02) crs	208.79%
EPS	₹ 10.50	₹ (9.65)	208.81%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.17256.86 crores during the 12 months period ended March 31, 2021 as compared to Rs.17137.67 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.1250.63 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.(85.96) crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.43.88 for the 12 months period ended March 31, 2021 as compared to Rs.(3.02) for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 17256.86 crs	₹ 17137.67 crs	0.7%
Net Profit	₹ 1250.63 crs	₹ (85.96) crs	1554.9%
EPS	₹ 43.88	₹(3.02)	1552.98%

A.S Lakshminarayanan, MD and CEO, Tata Communications said, "FY21 has been a great year; making excellent progress on our well-defined strategy. Execution on financial fitness is yielding good results and the shifts from products to platforms, deeper customer engagements are a work in progress and we anticipate continued progress on these strategic levers to achieve our goals. Our teams have gone the extra mile in delivering benchmark level Net Promoter Score (NPS) in a difficult year and are committed on execution to deliver on our strategy."

Commenting on the results, Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said, "Our focus on right operating structure and cost efficiencies have started to show results during the year. There has been significant improvement in profitability making our business fit to compete effectively. Profit and cash flow generation has improved dramatically. We now have a stronger balance sheet providing us the flexibility to invest for future growth of business."

Shares of TATA COMMUNICATIONS LTD. was last trading in BSE at Rs.1149.15 as compared to the previous close of Rs. 1155.8. The total number of shares traded during the day was 23932 in over 1593 trades.

The stock hit an intraday high of Rs. 1170 and intraday low of 1135.1. The net turnover during the day was Rs. 27478953.

Source : Equity Bulls

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