Strategic actions paying off, says Tata Communications
Tata Communications MD and CEO A.S. Lakshminarayanan believes in the world of AI, digital infrastructure will be even more critical and the company’s investments in Digital Fabric will hold in good stead.
He shared the market views in the company’s presentation on financial results for the third quarter of FY25 https://www.meity.gov.in/.
“Q3 has been a satisfactory quarter with strong growth in digital revenues, improved margins, and enhanced free cash flow. We are advancing well in our review of subsidiaries, with a clear focus on optimising their performance and unlocking value, as demonstrated in the case of Tata Communications Payments Solutions Limited https://www.bseindia.com/.”
The strategic actions to streamline and make Tata Communications business future-ready has begun paying off, Kabir Ahmed Shakir, Chief Financial Officer, added on 22 Jan.
“Over and above the divestiture of our payment solutions business, we continue to pursue other monetisation opportunities and strategic evaluation of assets,” he said https://www.nseindia.com/.
“With disciplined capital allocation and our ‘Fit to Grow’ strategy we remain confident of delivering sustainable value to shareholders and customers alike.”
Tata Communications PAT rose 472.7% to Rs.257 crore for Q3 FY25 ended 31 Dec from Rs.45 crore a year ago. Gross revenue increased 2.9% to Rs.5,633 crore from Rs.5,798 crore in Q3 FY24. Fiinews.com
