Tata Communications PAT up 10.6% at Rs 425 cr
Global digital ecosystem enabler Tata Communications reported a 10.6 per cent rise in consolidated profit after tax (PAT) is at Rs 425 crore ($57 million) in the second quarter of financial year 2021-22 as compared to Rs 385 crore in the corresponding quarter previous fiscal.
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Hyderabad: Global digital ecosystem enabler Tata Communications reported a 10.6 per cent rise in consolidated profit after tax (PAT) is at Rs 425 crore ($57 million) in the second quarter of financial year 2021-22 as compared to Rs 385 crore in the corresponding quarter previous fiscal.
However, the company's consolidated revenue decreased 5.2 per cent at Rs 4,174 crore ($563 million) in Q2 of FY22. Sequential growth is on account of gradual recovery across both data and voice segments. Similarly, the consolidated EBITDA also declined 3.9 per cent at Rs 1,113 crore ($150 million). Margin expanded by 40 BPs on a year-on-year basis.
AS Lakshminarayanan, MD and CEO, Tata Communications, said: "Delivering a sequential growth on a quarter-on-quarter basis after three quarters of decline is a positive indicator which we will continue to build on. The Q2 FY22 was marked by recovery as economic activities normalise." "As the global industries recover, we continue to maintain sharp focus on the needs of our customers, in line with the rapidly changing trends and evolving digital needs," he added.
