Markets: Tata Communications focused on executing strategy and capturing opportunities

Kabir says the company’s strong cash flows give confidence to compete globally

Tata Communications is focused on executing business strategy and capturing tremendous opportunities ahead, MD and CEO A.S. Lakshminarayanan said on 22 Apr 2022.

Elaborated Chief Financial Officer Kabir Ahmed Shakir, “We are now focused on accelerating growth, improving operating efficiencies while remaining committed to further strengthening our portfolio with innovative and differentiated offerings.”

The executives shared the market outlook as Tata Communications reported consolidated revenue for FY22 at Rs.16,725 crores (US$2,244.9 million).

Most of the segments across Core Connectivity, Digital Platforms and Services as well as Incubation services of Data business witnessed healthy Growth.

Consolidated EBITDA stood at Rs.4,227 crores (US$567.3 million); with margins at 25.3%, expanding by 40 Bps YoY.

Consolidated PAT stood at Rs.1,482 crores (US$198.9 million) as compared to a profit of Rs.1,251 crores (US$168.4 million) in FY21, registering a growth of +18.5% YoY

CAPEX for this year was Rs.1,608 crores (US$216.9 million) as compared to Rs.1,421 crores (US$191.4 million) in FY21.

Said Kabir, “With a steady sequential upswing in profitability and revenue, FY22 has been a healthy year. Our strong cash flows give us the confidence to compete in global markets and take on a stronger posture.” fiinews.com