Tata Communications witnessed a 27.8 per cent YOY growth in consolidated PAT to Rs 395 crore in Q3 FY22 from Rs 309.4 crore reported in Q3 FY21.
Gross revenue from operations declined 0.9 per cent to Rs 4,185 crore in Q3 FY22 over Q3 FY21. The company said all three segments (Core Connectivity, Digital Platforms, & Incubation services) of data business witnessed healthy growth sequentially.
The company’s Digital Platforms and Solutions continued to improve and gain growth momentum, revenues grew by 6.7 per cent year on year. Within Digital Platforms, all segments except Collaboration witnessed double-digit year on year growth. Core Connectivity witnessed a revenue growth of 1.3 per cent year on year.
EBITDA grew by 3.5 per cent year on year to Rs 1, 0825 crore in Q3 FY22. Meanwhile, the company’s EBITDA margin improved by 110 basis points year on year to 25.9 per cent as compared to the same quarter last year.
“We witnessed another quarter of good sequential growth in our data business, with digital platforms and solutions delivering robust results. We continue to focus on providing holistic solutions to our customers and accelerating their digital transformations,” said A.S Lakshminarayanan, MD and CEO, Tata Communications.
“We are pleased with the growth in revenue as well as profitability during Q3 FY22. Our performance demonstrates sustained progress in our journey towards our financial fitness. Healthy improvement in free cash flows and reduction in net debt provides us the headroom to invest for future growth,” said Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications.
