Tata Communications Q4 results : Net profit falls 1.5% to Rs 321 crore, revenue up 25%

Tata Communications Q4 results

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Tata Communications Q4 results : Tata Communications also said that its board has recommended a final dividend of Rs 16.70 per share

Tata Communications Limited on April 17 reported a 1.5 percent fall in consolidated net profit at Rs 321.2 crore for the quarter ended 31 March, 2024. The company had reported a net profit at Rs 326 crore in the year-ago period.

Revenue from operations increased 24.6 percent to Rs 5,691.7 crore as against Rs 4,568.7 crore in the same quarter last fiscal. Tata Communications Q4 results

Tata Communications EBITDA, or earnings before interest, taxes, depreciation, and amortization was up 2.1 percent at Rs 1,056.3 crore while its EBIT margin decreased to 18.6 percent from 22.6 percent.

The company also said that its board has recommended a final dividend of Rs 16.70 per share for the financial year ended March 31, 2024. This dividend, upon approval of the shareholders at the ensuing Annual General Meeting (AGM), shall be paid to eligible shareholders after its conclusion. Tata Communications Q4 results

It has also re-appointed A.S. Lakshminarayanan as Managing Director and CEO of the company for the second term commencing from November 26, 2024 till April 13, 2026, subject to approval of the shareholders.

Tata Communication’s Q4 results showed a mixed performance Tata Communications Q4 results

  • Net Profit: Down 1.5% to Rs 321 crore compared to Rs 326.64 crore in the year-ago period.
  • Revenue: Up 25% to Rs 5,691 crore compared to Rs 4,568 crore in the same period last year.

On the one hand, a dip in net profit might be a concern for investors. But, a significant jump in revenue indicates growth in their business. Here’s a quick analysis: Tata Communications Q4 results

  • Profit Decline: Could be due to factors like increased expenses or one-time charges. It’s helpful to analyze the company’s filings for more details.
  • Revenue Growth: This is a positive sign and indicates the company is expanding its reach or services. Tata Communications Q4 results

Overall, Tata Communication’s Q4 results are a mixed bag. It’s important to look at the bigger picture and future prospects before making any investment decisions. Tata Communications Q4 results

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