Tata Comm Profit Falls 35%

  Published 1 year ago

Tata Communications' Q1 profit drops 35% despite strong data revenue; board approves NCD raise and subsidiary acquisition.

  • Data services revenue surged 9.4% YoY to ₹5,130 crore; EBITDA flat at ₹1,137 crore with margin contraction.
  • PAT plunged 34.9% YoY to ₹232 crore; PAT margin dropped sharply to 3.9% from 6.4% last year.
  • Board clears ₹1,000 crore NCD raise and ₹123.6 crore acquisition of Solutions Infini to simplify corporate structure.

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