Page 3 - Tata Communications

Tata Group stocks trade weak; Tata Power, Tata Chem, Tata Com down up to 6%

Thus far in CY24, Voltas (up 81%), Tata Investment Corporation (53%), Tejas Networks (31%), Tata Power (35%), Nelco (20%),Tata Steel (18%) and Tata Communications (13%) have outperformed the Sensex.

Tata Communications Q1FY25 results: Revenue rises 18% to Rs 5,633 cr

Revenue from the data services business, which contributes more than 80 per cent to the total, climbed 20 per cent, on the back of a 52 per cent growth in its digital portfolio

Tata Comm raises $ 250 million sustainability loan from DBS, ANZ, EDC

Tata Communications on Thursday said it has raised USD 250 million sustainability loan from DBS Bank, ANZ and Export Development Canada (EDC). The loan is of a five-year tenor, and is called as a sustainability-linked loan (SLL), wherein progress on carbon emission targets will determine the costs, according to a statement. The interest rate margin of the loan will be adjusted up or down in accordance with the progress that Tata Communications will achieve on its carbon emission reduction targets, it explained, claiming that this is a first of its kind transaction in India. Such short-term targets, creating a link between the cost of banking facilities and progress achieved on key environmental milestones, are consistent with the company's longer-term ambition to be Net Zero across its global operations by 2035, the statement said. DBS Bank India's head of institutional banking group Rajat Verma hinted at other corporations also opting for similar facilities, and said the lender lo

Tata Communications raises $250 million sustainability-linked loans

ANZ acted as the lead sustainability coordinator for the loan, while DBS Bank and EDC were the joint sustainability coordinators

Tata Comm secures $250 mn loan from ANZ, EDC, DBS Bank; stock jumps 3%

On Thursday, shares of Tata Communications surged by 2.62 per cent at Rs 1,879.90 a piece on the BSE in intraday trade

Short-term margin overhang likely for Tata Communications stock

Achieving this will require higher capex and opex, totalling $300 million in FY25, and is projected to be at a capex-to-sales range of 10-11 per cent. By FY27

Cisco and Tata Communications partner to launch Webex Calling in India

The calls will be routed via Tata Communications' data centre in the Mumbai region, thereby helping organisations stay compliant with local regulations

Tata Communications: Q4 disappoints, but scope for signals to improve

The acquired businesses' revenue grew 4 per cent QoQ to Rs 950 crore

Stocks to Watch: Infy, Bajaj Auto, Voda Idea, ICICI Lombard, Tata Comm, Zee

Stocks to watch on Thursday, April 18, 2024: Vi FPO opens today. Bajaj Auto and Infosys scheduled to report Q4 results; analysts expect single-digit growth in revenues from the latter.

Tata Comm Q4: Profit declines marginally to Rs 322 crore, revenue up 24%

Tata Communications' consolidated profit declined marginally to Rs 321.55 crore in the fourth quarter ended on March 31, 2024, according to a regulatory filing. The company posted a profit of Rs 326.64 crore in the same period a year ago. The consolidated revenue of Tata Communications during the reported quarter increased by 24.5 per cent to Rs 5,691.7 crore from Rs 4,568.66 crore in the same quarter a year ago. For the year ended on March 31, 2024, net profit declined to Rs 969.58 crore from Rs 1,800.87 crore at the end of 2022-23. The annual income from operations of Tata Communications increased by 17.5 per cent to Rs 20,968.82 crore in fiscal year 2024 from Rs 17,838.26 crore in fiscal year 2023. The company's board approved re-appointment of managing director and CEO A S Lakshminarayanan for a second term starting November 26, 2024 till April 13, 2026.

TPREL, Tata Comm sign Rs 105 cr deal to set up captive solar project

Tata Power Renewable Energy Ltd (TPREL) has signed an agreement worth Rs 105 crore with Tata Communications to set up a 18.75 MW captive solar plant in Maharashtra. Located in Aachegaon, Maharashtra, the plant is projected to generate approximately 40 million units (MUs) of power while offsetting more than 30,000 tonne of CO2 emissions annually, Tata Power said in a statement. TPREL has signed a power delivery agreement with Tata Communications for a 18.75 MW group captive solar power plant, it said. "We partner with Tata Communications to support their transition to renewable energy and duly enable their progress in the digital ecosystem arena for being a market leader in Commtech space. Our customised green energy solutions such as group captive solar will not only reduce operating costs but also increase energy efficiency," TPREL CEO and MD Deepesh Nanda said. TPREL, an arm of Tata Power, has achieved a milestone by surpassing a capacity of over 1.5 gigawatts (GW) in group capti

Near-term margin pressures to persist for Tata Communications stock

The consolidated operating profit grew 12 per cent Q-o-Q to Rs 1,130 crore led by Kaleyra, which turned the operating profit positive

Tata Communications subsidiary issues termination notice to Vodafone Idea

In a notice to the stock exchange, the company said the carrying amount of trade receivables (including unbilled revenue) from the customer was Rs 221.19 crores as on December 2023

Tata Communications posts fastest quarterly revenue growth in 9 years

Revenue rose 24.4% to Rs 5,633 crore for the quarter ended Dec. 31, according to an exchange filing

Go Long on Nifty around 20,700 as trend remains bullish, says HDFC Sec

The Nifty closed near its 5-day EMA support placed at 20,878 on Tuesday

Tata Communications to deploy 'digital fabric' technology at all JLR sites

Tata Communications has already commenced implementation of the network transformation program and will complete the deployment by 2025

Tata Communications Q2 results: Net profit plunges 58% to Rs 221 crore

Tata Communications on Thursday reported a 58 per cent decline in its consolidated profit after tax to Rs 221.26 crore for the second quarter ended September 30. The company had posted a profit after tax of Rs 534.26 crore a year ago. Its consolidated income from operations grew by about 10 per cent to Rs 4872.5 crore during the reported quarter from Rs 4,430.74 crore in the September 2022 quarter. The company's data business revenue grew 14.4 per cent on a year-on-year basis to Rs 3,995 crore. "We are pleased to announce a robust 14 per cent year-on-year revenue growth this quarter. Overall, we remain confident of the long-term opportunities and will continue to invest in the product portfolio to strengthen our value proposition to enterprises," Tata Communications MD and CEO AS Lakshminarayanan said. The company during the quarter announced to accelerate the closure of the Kaleyra Inc transaction, which will enable it to create a new digital platform category - Customer Interact

Tata Communications to expand media & entertainment services: Details here

Amur Lakshminarayanan, managing director and chief executive of Tata Communications, stated that the company will continue investing in building its portfolio to keep the growth momentum

Tata Comm moves ITAT against Rs 228.49 cr TDS order by Income Tax Dept

Tata Communications has moved the Income Tax Appellate Tribunal against an income tax commissioner court order rejecting the company's appeal against a tax demand of Rs 228.49 crore, according to an exchange filing. The company in a late-night filing on Friday stated that the company had filed appeals before the Commissioner of Income-tax (Appeals), Mumbai, in respect of TDS orders alleging short deduction of tax at source for assessment years 2013-14 to 2018-19. The potential financial implications are Rs 228.49 crore on the company, it said. The Commissioner of Income-tax (Appeals), Mumbai, passed orders received by the company on September 07, 2023 deciding the appeals against the company. "The company has on September 08, 2023, filed an appeal against these orders before the Income Tax Appellate Tribunal," Tata Communications said.

Tata Communications launches cloud-based roaming lab for 5G trials

The cloud-based 5G roaming lab trials the international mobile roaming experience by closely monitoring traffic movement and network usage