Page 3 - Tata Communications

Tata Communications' net profit grows 25% to Rs 532 crore in July-September

Tata Communications on Tuesday reported a 25 per cent increase in its consolidated net profit at Rs 532.29 crore in the July-September quarter of the current financial year. The company had recorded a net profit of Rs 425.38 crore in the same period a year ago, according to a regulatory filing. Tata Communications' consolidated income from operations grew by about 6 per cent to Rs 4,430.74 crore during the reported quarter compared to Rs 4,174.02 crore in the year-ago period. "We are pleased to announce robust data revenue growth and healthy profits in the second quarter of this fiscal. Our international markets are witnessing good growth and our continued efforts of shifting from products to platforms is yielding positive results," said A S Lakshminarayanan, MD and CEO of Tata Communications.

Eye on 5G opportunities, Tatas to recast telecom biz with extra funding

In June this year, the central government allowed enterprises to set up captive non-public networks to buy 5G spectrum directly from DoT, to establish their isolated networks

Government identifying PSUs with land bank but little business for selloff

The government is identifying public sector organisations with little to no business activities that are sitting on land banks to privatise or sell off

Taxes absorb 58% telco revenues in nation with lowest tariff: Voda-Idea CEO

Says operational cash generation can be released for investments if govt eases tax burden

Tata Comm's under-reporting of revenue led to loss of Rs 645-crore fee

According to the CAG report, the telecom department only levied Rs 305.25 crore as a LF on the firm

Tata Communications: Ongoing supply-side headwinds to hurt near term

Original equipment manufacturer (OEM) lead time issues, which had worsened during the April-June quarter, rose four times as compared to the earlier 12-16 weeks.

Stocks to Watch Today: Wipro, IndusInd Bank, Adani Enter, CEAT, Sonata, SBI

Stocks to Watch Today: CRISIL, GSFC, Hindustan Zinc, JSW Energy, Mphasis, PVR, RBL Bank and SRF to announce Q1 results on Thursday.

Tata Communications net profit jumps 84% to Rs 544 cr in June quarter

Tata Communications on Wednesday posted an increase of 83.63 per cent in consolidated profit to Rs 543.76 crore in the June quarter. The company had reported a profit of Rs 296.11 crore in the same period a year ago, it said in a regulatory filing. "We delivered profitable data revenue growth as a result of disciplined execution, portfolio enhancements and deeper customer engagements. We continue to closely monitor and overcome the OEM and Supply Chain challenges. "We are pleased with the healthy growth in the order booking and funnel additions across our portfolio, both in India and international markets," Tata Communications Managing Director and CEO A S Lakshminarayanan said in a statement. The consolidated income from operations of Tata Communications grew by 5 per cent to Rs 4,310.52 crore during the reported quarter from Rs 4,102.79 crore in the year-ago period. "We continue to maintain our focus on operational efficiencies and balance sheet hygiene which is reflected in our

Near-term growth challenges to weigh on Tata Communications stock

Higher investments may cap margins in the near term

Digital solution providers looking to enter India's 5G spectrum play

Tata Communications has said ISPs should be allowed to participate in the 5G auction as they were eligible to bid for BWA (4G) spectrum in the 2010 auction

Margin pressures, revenue worries may hit Tata Communications' prospects

Operating profit margins of TATA communications fell by 135 basis points to 24.5% due to a jump in costs, which were back-ended

Tata Communications profit in fourth qtr grows 22% to Rs 365 crore

Digital connectivity solutions firm Tata Communications on Thursday posted a 22 per cent growth in consolidated profit at Rs 365 crore for the quarter ended March 2022.

Formula 1, Tata Communications announce multi-year collaboration

With this deal, Tata Communications will return to sports as the official broadcast connectivity provider for Formula 1.

Weak Q3 show, near term growth worries for Tata Communications

Most brokerages are, however, positive on the long term growth trajectory

Tata Communications net profit rises 28% to Rs 395 crore in Q3

The company had a net profit of Rs 309.41 crore in the same period a year ago

Adani Ent, Tata Comm, SBI Life, L&T and 24 other BSE500 stocks at new highs

Infosys, Tata Consultancy Services (TCS) and Tanla Platforms from the IT sector hit their respective new highs today.

Tata Communications surges nearly 9%; hits record high

IIFL Securities has initiated coverage on Tata Communications with a target price of Rs 1,568 (SoTP based) and an ADD rating.

RBI imposes penalties on Tata Communications Payment Solutions, Appnit

The penalties are based on "deficiencies in regulatory compliance"

Tata Comm, Strides among 5 mid-, small-cap stocks that may fall up to 15%

Tata Communications has broken the 200-day moving average (DMA) suggesting weakness in the coming days.

Stocks to Watch: Havells, JustDial, Jubilant Food, L&TFH, TajGVK, Tata Comm

Ferilisers, banking shares along with result-oriented stocks like Just Dial, Jubilant Foodworks, Tata Communication, Nestle India and Rallis India to be in focus today