Tata Communications Limited has informed the Exchange regarding Outcome of Board Meeting held on April 22, 2025.
TATACOMM · price
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On the reaction day the stock moved 1.7 pts less than Nifty Midcap 150 and 0.8 pts less than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tata Communications reported audited consolidated results for FY25 with income from operations of ₹23,108.59 crores vs ₹20,784.68 crores in FY24, up about 11%. Reported profit after tax jumped to ₹1,836.78 crores from ₹969.58 crores, but this was largely driven by exceptional gains of ₹691.47 crores — including a ₹733 cr gain on sale of properties (one to an associate company as a material related party transaction), a ₹185.52 cr write-back of interest on a telecom license tax provision, and a ₹311.20 cr gain on divesting its payments subsidiary TCPSL. Underlying profit before exceptional items and tax actually fell to ₹1,378 cr from ₹1,554 cr. Standalone revenue declined ~9% to ₹7,278 crores, with operating margin compressing from 10.83% to 8.41%. The auditor issued an unmodified opinion but flagged an Emphasis of Matter on the ₹7,734 crores contingent liability from a DoT license fee dispute and a foreign VAT assessment uncertainty. The Board recommended a final dividend of ₹25 per share (250%), up from ₹16.7 last year.
Headline profit growth looks strong but is mostly one-off gains from property sales, a tax write-back, and a subsidiary divestment, while core operating profits and standalone margins have weakened. Shareholders get a meaningful dividend hike, but the contingent liability overhang and underlying margin pressure are key watchpoints for the stock.