Tata Communications announced its Q1FY25 results

Mumbai, India, July 18, 2024: Tata Communications announced its financial results for the first quarter of FY25.

Highlights | Q1 FY2025

• Data revenue jumped by 20% YoY, coming in at INR 4,694 crore
• Digital Portfolio revenue grew by 51.5% YoY, accounting for 45.7% of data revenue
• Consolidated EBITDA rose by 9.8% YoY and margins expanded to 20%

Commenting on the results, AS Lakshminarayanan, MD and CEO, Tata Communications, said: “We are pleased to announce a strong and positive start to FY25, with our quarterly performance indicators showing promising results. We remain bullish about the market opportunities, and with our expanded product capabilities and increasing customer relevance, we are confident in our ability to achieve our medium-term growth objectives.”

Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said: "Our financial prudence, anchored in our 'Fit to Grow' framework, has yielded profitable growth and delivered margin expansion this quarter. As our products continue to gain traction and scale, we anticipate operating leverage, positioning us to achieve our margin aspirations in the medium term."

Q1FY25 Consolidated highlights

In The News This Quarter

• Tata Communications announce five-year host broadcasting services deal with World Athletics
• Tata Communications Hosted SASE redefines next-gen networking and security
• Tata Communications Continues To be Recognised for 11th Straight Year in Gartner Magic Quadrant
• Tata Communications Raises Environmental Bar by Adopting Sustainability-Linked Loan Framework
• Tata Communications CloudLyte Opens New Vistas to Edge Computing
• Tata Communications and Cisco Launch Webex Calling to Transform Cloud Communication in India

Major Awards and Recognitions This Fiscal

• Won three awards at the Cyber Defense Magazine Global Infosec Awards 2024 in the Next Gen Cyber Security Resilience Services, Managed Detection and Response (MDR) Service Provider, Best Solution Network Security Services categories
• Kabir Ahmed Shakir awarded the Best CFO for Large Enterprise at the 7th Edition of BW CFO World’s Best CFO and Finance Strategy Awards 2024.
• Tata Communications Kaleyra won the Tier One CPaaS Rank in the 2023 ROCCO CPaaS Market Impact Report
• Recognised by Juniper Research as an established leader for Cellular IoT for MOVE™
• Won two Bronze Awards by Exchange4media for the Drive Week communication campaign in the categories of Internal Communication and CSR Campaign at the ‘India Public Relations and Corporate Communications (IPRCC) Award 2023’
• Awarded 'Global Migration Partner' and 'India Partner of the Year' by Genesys for FY24
• Recognised as the 1st runner-up in the Best DEI Programme Award category at the Bombay Chamber Diversity, Equity and Inclusion Awards FY25

An investor data pack providing detailed analysis of the results for the quarter ended 30th June 2024 has been uploaded on the Tata Communications website and can be accessed here.