Tata Communications posts 3% y-o-y growth in Q2 net profit

18 Oct 2024 , 09:27 AM

On Thursday (October 17), Tata Communications Ltd announced a 3% YoY increase in net profit to ₹227.2 Crore for the second quarter ended September 30, 2024.

In the preceding fiscal quarter, Tata Communications reported a net profit of ₹220.6 Crore, according to a regulatory filing. The company’s revenue from operations increased by 18.4% to ₹5,767 Crore, from ₹4,872.5 Crore in the previous fiscal year.

EBITDA increased by 10% to ₹1,117 Crore in the second quarter of this fiscal year, up from ₹1,015.3 Crore in the same period last year.

Tata Communications reported a 21% rise in data revenue to ₹4,834 Crore compared to the previous year. The company’s digital portfolio increased by 52.4% year on year, accounting for 46% of its overall data sales.

AS Lakshminarayanan, MD and CEO of Tata Communications, stated, We are pleased to report a strong year-on-year increase in revenue and EBITDA. Our order book has grown as a result of several significant strategic successes in various markets. Enterprise adoption of our Digital Fabric (Network, Cloud, Security, Interaction, and IoT) fuels our hope for future growth.

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