Stock Report

Tata Communications Ltd Q1FY22 consolidated net profit at Rs. 296.11 crores



Posted On : 2021-08-04 19:03:58( TIMEZONE : IST )

Tata Communications Ltd Q1FY22 consolidated net profit at Rs. 296.11 crores

Tata Communications Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.4116.14 crores during the period ended June 30, 2021 as compared to Rs.4130.95 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.296.11 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.299.20 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.10.39 for the period ended June 30, 2021 as compared to Rs.10.50 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 4116.14 crs₹ 4130.95 crsDown Tick -0.36%
Net Profit₹ 296.11 crs₹ 299.20 crsDown Tick -1.03%
EPS₹ 10.39₹ 10.50Down Tick -1.05%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.4116.14 crores during the period ended June 30, 2021 as compared to Rs.4417.68 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.296.11 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.257.80 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.10.39 for the period ended June 30, 2021 as compared to Rs.9.05 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 4116.14 crs₹ 4417.68 crsDown Tick -6.83%
Net Profit₹ 296.11 crs₹ 257.80 crsUp Tick 14.86%
EPS₹ 10.39₹ 9.05Up Tick 14.81%

"In a challenging quarter impacted by the second wave of COVID-19, we have delivered a robust performance," said A S Lakshminarayanan, Managing Director and CEO, Tata Communications. "The global markets are slowly opening up and we are witnessing greenshoots of demand recovery."

He added, "Our focus is to continue investing in developing innovative digital ecosystem solutions driven by customers' needs. Early demand for our recent launches for live sports on our Media Edge Cloud and IZO™ Financial Cloud is testament that we are moving in the right direction."

Commenting on the results, Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said, "Our focus on growth and profitability continues to deliver results. A healthy profit and free cash flow is empowering us to innovate and accelerate growth while streamlining processes and bringing in further efficiencies. We are well-poised to enable enterprises make the shift with digitalisation playing a pivotal role enabling businesses derive positive growth."

Shares of Tata Communications Limited was last trading in BSE at Rs. 1491.65 as compared to the previous close of Rs. 1516.25. The total number of shares traded during the day was 29257 in over 3068 trades.

The stock hit an intraday high of Rs. 1527.9 and intraday low of 1477.75. The net turnover during the day was Rs. 43705238.

Source : Equity Bulls

Keywords