Tata Communications financial results announced; data revenue grows by 21% YoY, EBITDA Grows by 10% YoY

Mumbai, India, October 17, 2024: Tata Communications announced its financial results for the second quarter of FY25.

Highlights | Q2 FY2025

• Data revenue jumped by 21% YoY, coming in at INR 4,834 crore
• Digital Portfolio revenue grew by 52.4% YoY, accounting for 46% of data revenue
• Consolidated EBITDA rose by 10% YoY

Commenting on the results, A.S. Lakshminarayanan, MD and CEO, Tata Communications, said: “We are pleased to report a strong year-on-year growth in revenue and EBITDA. Our order book has expanded with some key strategic wins across markets. The adoption of our Digital Fabric (Network, Cloud and Security,

Interaction and IoT) by enterprises continues to drive our optimism about future growth.”

Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said: “The fundamentals of the business continue to be strong. We are executing multiple strategic measures, including land monetisation, which will help us create capacity for future opportunities and reposition our assets to capture medium to long term profitable growth.”

Consolidated financial highlights Q2 FY25

In the news this quarter

• Tata Communications Joins Forces with Palo Alto Networks to Enhance Enterprise Cyber Resilience
• Data networks for F1 broadcasts just the start for Tata’s digital ambitions
  In an exclusive interview with The Straits Times, Singapore, A.S. Lakshminarayan discusses Tata Communications’ remote broadcast capabilities with F1, its strategic acquisitions (The Switch and Kaleyra), the company’s focus on AI, cloud, and edge computing, and how Singapore remains a key growth market for the region.
• Breaking free from slow growth mode
  In an interview with CFO Brew in the US, Kabir Ahmed Shakir discusses the company's journey from struggling with low growth and profitability to achieving success through a strategic shift and ambitious expansion plans.
• Better Customer Interactions: New Insights From HBR Study
  Tata Communications' VP of Customer Interactions Suite, Mauro Carobene, shares insights from a new CX survey with Forbes US and discusses the importance of employee experience and AI in driving effective customer engagement.

Major awards and recognitions this quarter

Digital Fabric Analysts Recognitions

• Positioned as a Leader in the ISG Network – Software Defined Solutions and Services 2024
• Named Leader in the IDC MarketScape: Worldwide Media Consultation, Integration, and Business Operations Cloud Service Providers 2024 Vendor Assessment
• Awarded the Future Digital Awards Gold Winner for Best CCaaS Solution by Juniper Research
• Named a Leader in the Avasant Network Managed Services 2023-2024 RadarView™
• Adjudged Platinum Winner at Future Digital Awards 2024 for Private Cellular Network Innovation in Smart Cities and IoT by Juniper Research for the second consecutive year
• Positioned as a Leader in Private/Hybrid Cloud - Data Centre Services 2024 ISG Provider Lens- Managed Hosting, APAC
• Presented with the Best UCaaS Provider Multi-National award by UC Today

Other recognitions

• Honoured with the prestigious JRD Quality Value (JRDQV) Award
• Won two Brandon Hall Group Awards for HCM Excellence 2024 in the Learning and Development category and one Brandon Hall Award for Excellence 2024 in the Diversity, Equity and Inclusion category
• Recognised among the Top 100 'India's Best Companies to Work for 2024' by the Great Place to Work® Institute for the seventh time
• Ranked 20th among BW’s Top 50 Most Sustainable Companies in India for 2024
• Won the Times Now Sustainable Organisation 2024 Award by ET Edge for the third consecutive year

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