Tata Communications Ltd (TATACOMM)

Tata Communications' Q4 FY23-24 Revenue Increases by 24.6% - 12 May, 2024

Tata Communications reports a 24.6% increase in revenue from operations to Rs. 5,692 crore in Q4 FY23-24. However, net profit declined by 1.5% to Rs. 322 crore during the same period. Promoters also revoked pledge on their holdings.

Tata Communications' ROCE Increases by 152% in Last Five Years - 10 May, 2024

Tata Communications has seen a growth of 152% in returns on capital employed (ROCE) over the last five years, indicating increased efficiencies and higher rates of return. However, current liabilities remain high at 56% of total assets, introducing some risk.

Tata Comm Launches Open Cloud Compute Project; Aims to Reduce Debt Leverage - 08 May, 2024

Tata Communications has launched an open cloud compute project expanding the network of providers for companies of all sizes. The company also aims to reduce its debt leverage and achieve a revenue of ₹28,000 crore by FY23.

Tata Communications Launches CloudLyte Edge Computing Platform - 07 May, 2024

Tata Communications has launched Tata Communications CloudLyte, an automated edge computing platform that enables enterprises to deploy and manage applications globally. The platform provides end-to-end solutions covering infrastructure, platform, network, and managed services with a focus on uptime assurance. It caters to various industries such as retail, manufacturing, automotive, healthcare, and financial services. Shares were down by 0.11% at ₹1721.90 on the BSE.

Tata Communications Adopts Sustainability-Linked Loan Framework - 02 May, 2024

Tata Communications has adopted a sustainability-linked loan (SLL) framework, becoming the first in its sector in India to do so. The SLL will align all future long-term debt financing with the company's environmental commitments and incentivize continuous improvement in sustainability performance.

Tata Communications Hires Bank of America for Sustainable Financing Framework - 01 May, 2024

Tata Communications has hired Bank of America to advise on a financing framework that aims to unlock access to funds of around $1 billion over the next two years, as the telecom company goes sustainable in raising funds.

Tata Communications Named Leader in Gartner Magic Quadrant for 11th Year - 26 Apr, 2024

Tata Communications has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Global WAN Services for the 11th consecutive year. The evaluation was based on specific criteria that analyzed the company's overall Completeness of Vision and Ability to Execute.

Nuvama Gives Buy Call on Tata Communications After Q4FY24 Results - 22 Apr, 2024

Tata Communications posted a consolidated net profit of Rs 326.03 crore in Q4FY24, with income from operations increasing marginally to Rs 4,586.66 crore. Brokerage firm Nuvama has set a target of Rs 2,200 for the stock, indicating a strong return of over 26% from the current price of Rs 1737.10.

Tata Communications Shares Continue Losing Streak - 19 Apr, 2024

Tata Communications shares have fallen nearly 16% in eight days after weak earnings report. Brokerages see limited upside potential in stock. The company's consolidated revenue grew 1% QoQ to Rs 5,690 crore in Q4FY24. Consolidated Ebitda declined 7% QoQ to Rs 1,060 crore. Motilal Oswal has a neutral rating on the stock with a target price of Rs 1910. Tata Communications' net debt is sitting at a reasonable 2.2 times its EBITDA.

Tata Communications Reports Q4 Results and Dividend Recommendation - 18 Apr, 2024

Tata Communications reported a 1.5% YoY fall in Q4FY24 net profit at Rs 321.18 crore, while revenue rose by 24.6% YoY to Rs 5,691.70 crore. The company's board recommended a dividend of Rs 16.7 per share. Tata Communications stock was trading half a percent higher at Rs 1,894.20 on the NSE.

Tata Communications Reports Marginal Decline in Q4 Profit - 17 Apr, 2024

Tata Communications reported a marginal decline in Q4 FY24 net profit but announced a final dividend of Rs. 16.70 per share for the year. The company's data revenue crossed the Rs. 17,000 crore mark, growing by 21.9% on a full-year basis.

Tata Communications Q4 Results Out; Rekha Jhunjhunwala Reduces Stake - 16 Apr, 2024

Tata Communications releases Q4 FY24 financial results while Rekha Jhunjhunwala reduces her stake in the company by 0.26%, bringing overall holding to 1.6%. The stock has risen over 48% in the last year.