Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 40983.00 Crore) operating in Telecommunications sector.
Tata Communications Ltd. key Products/Revenue Segments include Telecommunication Services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 4210.44 Crore, up 2.29 % from last quarter Total Income of Rs 4116.14 Crore and down -5.96 % from last year same quarter Total Income of Rs 4477.18 Crore. Company has reported net profit after tax of Rs 425.81 Crore in latest quarter.
Investment Rationale
With the full-fledged revenue revival being pushed to Q4 from Q3, the brokerage has cut FY22-24E revenue by 3-4%. This remains the only stumbling block now, but is key to the next leg of up-move. The brokerage retains Buy with an SoTP-based Dec’22 TP of Rs1,700 (Dec’23E EBITDA)
Promoter/FII Holdings
Promoters held 58.86 per cent stake in the company as of 30-Sep-2021, while FIIs owned 23.45 per cent, DIIs 7.63 per cent.
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