Lakshminarayanan overcame supply chain challenges in Q1 2023
Tata Communications has reported healthy growth in the order booking and funnel additions across its portfolio, both in India and international markets, in the first quarter of FY2023.
“We continue to closely monitor and overcome the OEM and Supply Chain challenges,” said MD and CEO A.S. Lakshminarayanan.
“We are pleased with the healthy growth in the order booking and funnel additions across our portfolio, both in India and international markets,” he said in a release on 21 July 2022.
“We delivered a profitable data revenue growth as a result of disciplined execution, portfolio enhancements and deeper customer engagements.”
The company’s consolidated revenue stood at Rs.4,311 crore (US$558.9 million), increasing +5.1% YoY. Sequentially, growth in revenue followed upsides in the Data business.
Consolidated EBITDA came in at Rs.1,077 crore (US$139.7 million), enhanced by +9.2% YoY, where margins stood at 25%, growing by 95 Bps YoY.
Consolidated PAT was Rs.544 crore (US$70.5 million) up from Rs.296 crore (US$40.1 million) in Q1 FY22, marking an increase of +83.6% YoY.
Cash CAPEX for this quarter was US$42.7 million relative to US$46.2 millionin Q1 FY22.
Commenting on the results, Tata Communications CFO Kabir Ahmed Shakir said, “We continue to maintain our focus on operational efficiencies and balance sheet hygiene which is reflected in our profitability and cash flow.
“We are pleased to see a strong impact of our finance strategy in the company’s performance.” fiinews.com
