Tata Communications Limited has informed the Exchange regarding Board meeting held on July 17, 2025.
TATACOMM · price
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Tata Communications announced its Q1 FY2026 (quarter ended June 30, 2025) results, with consolidated revenue rising 6.6% year-on-year to ₹5,960 crore, driven by 9.4% growth in data revenue to ₹5,130 crore. Profit after tax from continuing operations fell to ₹232 crore from ₹357 crore last year, while total profit (including discontinued operations loss of ₹42 crore) came in at ₹190 crore, translating to basic EPS of ₹6.67. EBITDA margin stood at 19.1%, a 125 bps decline YoY. The Board also approved raising up to ₹1,000 crore through Non-Convertible Debentures on a private placement basis. Additionally, the company will acquire the remaining equity of step-down subsidiary Solutions Infini Technologies (India) from Kaleyra S.P.A. for ₹123.6 crore to simplify its group structure. The auditor issued an unmodified opinion on the limited-reviewed results.
Mixed signals for shareholders - revenue growth is healthy but profit declined sharply due to higher expenses and discontinued operations drag. The ₹1,000 crore NCD issuance will increase debt (already rising as seen in debt-equity ratio moving from 0.31 to 0.39), while the subsidiary restructuring is operational with no change in ultimate ownership. Margin pressure and PAT decline of ~35% YoY may weigh on short-term sentiment despite order book strength.