Tata Communications Q2 Results: Revenue crosses ₹6,000 crore, margins flat; Stock up 4%

Shares of Tata Communications Ltd. are trading with gains of 4% on Wednesday, October 15, in response to the September quarter results that the company reported. The stock fell from the highs of the day after the results announcement, but is looking to recover from those levels.

The company's net profit at the end of the quarter fell 3.7% on a quarter-on-quarter basis to ₹183 crore from ₹190 crore earlier.

Revenue for the quarter stood at ₹6,100 crore, which is a 2.3% growth from the ₹5,960 crore that it reported during the June quarter.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter grew by 3.2% to ₹1,174 crore from ₹1,137 crore in June, while EBITDA margin remained flat at 19%.

Here's how the company's various business segments fared compared to the June quarter:

• Voice Solutions revenue stood at ₹406 crore from ₹394 crore


• Data Services revenue up to ₹5,204 crore from ₹5,151 crore


• Transformation Services revenue increased to ₹286 crore from ₹224 crore


• Real Estate revenue flat at ₹51.85 crore from ₹52.04 crore


• Campaign Registry revenue increased to ₹202.54 crore from ₹189.38 crore

"The period has also marked some significant wins in government projects, advancing our role in Digital India. Our newly launched products in our strategic bets, including Voice AI and Cloud Networking, are generating significant interest and adoption among our customers, reflecting the strength and relevance of our solutions," MD & CEO AS Lakshminarayanan said.

Shares of Tata Communications are trading 3.52% higher after the results announcement at ₹1,938.6. The stock had hit a 52-week high of ₹1,999, before cooling off from those levels.