Provides data, voice and digital services to enterprise customers globally, carrying most of its revenue through a global subsea and terrestrial network. Data Services is the main line at 85.7% of FY26 segment revenue, sold to enterprise and wholesale customers and covering core connectivity, cloud, cybersecurity and other digital offerings. Voice Solutions (6.2%), Transformation Services (3.8%) and Campaign Registry (3.4%) make up the balance, while Real Estate (0.8%) is a small legacy book. The cost base is dominated by other operating expenses (60.6% of revenue) and employees (19.9%), with capex at 9.8% of revenue largely going into subsea and network infrastructure. In Q1 FY27, consolidated revenue was Rs 6,583 cr (+10.5% YoY), with Data revenue up 11.3% and next-gen platforms (MCC Fabric, ThreatSpan, MOVE) up 31% YoY. The company is committing USD 152 million to two new India-Singapore subsea systems adding roughly 98 Tbps of capacity (~20 Tbps on MIST and ~78 Tbps on Project CS), and is collaborating with Tata Tele Business Services to sell AI voice agents to India's 60 million small businesses. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Data Services (86%), Voice Solutions (6%), Transformation Services (4%), Campaign Registry (3%), Real Estate (1%). Asset-heavy, capital-intensive global B2B telecom with subsea and terrestrial network infrastructure
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 16,725 | 17,838 | 20,969 | 23,109 | 24,803 |
| EBITDA (ex other income) | 4,233 | 4,395 | 3,994 | 5,260 | 4,725 |
| margin % | 25.3 | 24.6 | 19.0 | 22.8 | 19.0 |
| Owners' profit | 1,482 | 1,796 | 968 | 1,836 | 1,002 |
| EPS, as reported (₹) | 51.99 | 63.02 | 33.98 | 64.44 | 35.14 |
| ROE % · ROCE % | 155.3 · 21.0 | 116.3 · 23.2 | 54.2 · 16.6 | 60.7 · 19.9 | 27.3 · 15.3 |
| Debt / equity (x) | 8.26 | 4.86 | 5.65 | 3.60 | 2.90 |
| Cash from operations | 4,204 | 4,384 | 3,182 | 2,911 | 4,479 |
| Capex | (1,656) | (1,493) | (2,082) | (2,206) | (2,433) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,767 | 5,798 | 5,990 | 5,960 | 6,100 | 6,189 | 6,554 | 6,583 |
| Profit before tax | 321 | 371 | 914 | 291 | 255 | 458 | 434 | 211 |
| Net profit | 227 | 236 | 1,041 | 190 | 183 | 364 | 259 | 130 |
| EPS (₹) | 7.97 | 8.28 | 36.50 | 6.67 | 6.42 | 12.82 | 9.24 | 4.71 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Voice Solutions | 1,561 | 6.2 |
| Data Services | 21,441 | 85.7 |
| Transformation Services | 959 | 3.8 |
| Real Estate | 207 | 0.8 |
| Campaign Registry | 844 | 3.4 |
| Total, before eliminations | 25,013 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Tata Communications winds up non-operating South Africa subsidiary | strategic transactions | medium | — | — |
| 27 Aug 2026 · Tata Communications to attend Elara India Dialogue 2026 on September 1 | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Tata Comm partners with Tata Motors PV for 5G in Sierra.ev | compliance | medium | — | — |
| 24 Aug 2026 · Tata Communications issues Rs 300 crore Commercial Paper | fund raising | medium | — | — |
| 21 Aug 2026 · Tata Communications allots 68,894 shares under RSU Plan 2023 | capital market events | low | — | — |
| 19 Aug 2026 · Tata Communications issues Rs.250 crore Commercial Paper | fund raising | medium | — | — |
| 7 Aug 2026 · Tata Communications to attend EMKAY Confluence 2026 in Mumbai on Aug 12 | board shareholder meetings | low | — | — |
| 28 Jul 2026 · Tata Communications grants 2,49,092 RSUs to employees under 2023 stock plan | capital market events | low | — | — |
| 28 Jul 2026 · Tata Communications uploads Q1 FY27 earnings call transcript | investor communications | medium | — | — |
| 28 Jul 2026 · Tata Communications partners with TTBS for AI platform targeting SMBs | compliance | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| BHARTI AIRTEL LIMITED |
| 11,17,918 |
| 37.4 |
| 5.70 |
| 10.3 |
| 17.3 |
| 11.9 |
| 16.0 |
| 57.8 |
| VODAFONE IDEA LIMITED | 1,62,189 | 4.3 | — | 4.0 | (96.6) | 22.7 | 1.4 | 58.5 |
| BHARTI HEXACOM LIMITED | 77,305 | 42.4 | 10.79 | — | 24.2 | 17.3 | — | 55.6 |
| TATA COMMUNICATIONS LTD ◆ | 50,027 | 52.9 | 13.70 | 11.9 | 27.3 | 10.0 | 7.7 | 17.3 |
| TATA TELESERV(MAHARASTRA) | 6,979 | 187.9 | — | — | 1.1 | 1.3 | — | 55.4 |
| MAHANAGAR TELEPHONE NIGAM | 1,561 | — | — | 83.2 | 10.4 | 51.9 | (7.2) | 19.4 |
| QUADRANT TELEVENTURES LIMITED | 41 | 1.5 | — | — | 0.8 | 0.9 | — | 14.6 |
| City Online Services Limited | 4 | — | — | — | 8.3 | (19.2) | — | 27.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 52.9 | 39.9 | 5 of 6 | 20% |
| P/B | 13.7 | 10.8 | 3 of 3 | 0% |
| ROCE | 10.0 | 10.9 | 5 of 8 | 43% |
| ROE | 27.3 | 9.3 | 1 of 8 | 100% |
| Debt / Equity | 2.9 | (0.9) | 8 of 8 | 0% |
| EBITDA margin | 17.3 | 41.3 | 7 of 8 | 14% |
| Revenue growth | 10.4 | 8.3 | 4 of 8 | 57% |
| Profit growth | (31.8) | 39.0 | 8 of 8 | 0% |
| Market cap | 50027 | 28503 | 4 of 8 | 57% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
