TATA Communications Ltd Q2FY21 consolidated PAT at Rs. 384.48 crore

TATA COMMUNICATIONS LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.4477.18 crores during the period ended September 30, 2020 as compared to Rs.4417.68 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.384.48 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.257.80 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.13.49 for the period ended September 30, 2020 as compared to Rs.9.05 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 4477.18 crs	₹ 4417.68 crs	1.35%
Net Profit	₹ 384.48 crs	₹ 257.80 crs	49.14%
EPS	₹ 13.49	₹ 9.05	49.06%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.4477.18 crores during the period ended September 30, 2020 as compared to Rs.4282.30 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.384.48 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.53.91 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.13.49 for the period ended September 30, 2020 as compared to Rs.1.89 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 4477.18 crs	₹ 4282.30 crs	4.55%
Net Profit	₹ 384.48 crs	₹ 53.91 crs	613.19%
EPS	₹ 13.49	₹ 1.89	613.76%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.8894.86 crores during the 6 months period ended September 30, 2020 as compared to Rs.8459.76 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.642.28 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.130.52 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.22.54 for the 6 months period ended September 30, 2020 as compared to Rs.4.58 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 8894.86 crs	₹ 8459.76 crs	5.14%
Net Profit	₹ 642.28 crs	₹ 130.52 crs	392.09%
EPS	₹ 22.54	₹4.58	392.14%

- Net debt at the end of Q2 was INR 8,631 crore as compared to INR 9,008 crore in Q1 FY21; reduction of INR 377 crore despite dividend payment of INR 114 crore during this quarter. Net debt to EBITDA (TTM) is now at 2.3 times as compared to 2.8 times for the same period last year.

- CAPEX for this quarter was INR 318 crore as compared to INR 372 crore in Q1 FY21.

Commenting on the results, A.S Lakshminarayanan, MD and CEO, Tata Communications, said, "We have had a strong performance in Q2, as we continue to deepen our customer engagements and support enterprises to seamlessly embark and advance on their digital transformation journeys. Leveraging the shift to cloud-first, internet-first strategies, we are innovating across our portfolio to offer solutions that are tailored to this new digital-first world. We see great opportunities ahead, as organisations look to harness the power of technology to transform their business models and drive competitive differentiation and sustainable development."

Commenting on the results, Pratibha K. Advani, Chief Financial Officer, Tata Communications, said, "Data business continues to grow at a healthy pace and profitability has improved due to our focus on operational efficiencies. Our margins have expanded, and we have witnessed 3 successive quarters of double-digit EBITDA growth leading to strong PAT. There has been a robust improvement across all financial parameters; our profitability and cash flow generation has improved significantly in the last few quarters leading to a stronger balance sheet for the future."

Shares of TATA COMMUNICATIONS LTD. was last trading in BSE at Rs.877.6 as compared to the previous close of Rs. 837.35. The total number of shares traded during the day was 33945 in over 1455 trades.

The stock hit an intraday high of Rs. 879.2 and intraday low of 844.15. The net turnover during the day was Rs. 29732221.

Source : Equity Bulls

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