Tata Communications Q2 Results Live : Tata Communications declared their Q2 results on October 17, 2024, reporting a topline increase of 18.37% year-on-year and a profit rise of 2.98%. However, compared to the previous quarter, revenue saw a modest growth of 2.38%, while profit experienced a significant decrease of 31.73%.
The company’s Selling, General & Administrative expenses rose by 4.72% quarter-on-quarter and increased by 11.78% year-on-year, indicating a growing cost structure that may impact future profit margins.
Operating income was also affected, down by 24.24% compared to the previous quarter, though it increased by 3.86% year-on-year. This mixed performance suggests challenges in managing operational efficiency amid rising expenses.
Earnings Per Share (EPS) for Q2 stood at ₹6.93, reflecting a decline of 10.52% year-on-year, which could raise concerns among investors about the company’s profitability trajectory.
In terms of market performance, Tata Communications has delivered a -6.24% return over the last week, -1.3% return over the past six months, but a more positive 3.38% return year-to-date.
The company’s current market capitalization is ₹52,156.43 Crores, with a 52-week high of ₹2175 and a low of ₹1543.4, showcasing some volatility in its stock price.
As of October 18, 2024, out of seven analysts covering the company, there is a mixed sentiment with one analyst giving a Strong Sell rating, another a Sell rating, two holding, and three recommending a Buy.
The consensus recommendation as of October 18, 2024, remains to Hold, reflecting cautious optimism amid the recent results and market conditions.
Tata Communications Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 5767.35 | 5633.37 | +2.38% | 4872.5 | +18.37% |
| Selling/ General/ Admin Expenses Total | 1198.56 | 1144.57 | +4.72% | 1072.27 | +11.78% |
| Depreciation/ Amortization | 660.58 | 647.37 | +2.04% | 605.12 | +9.17% |
| Total Operating Expense | 5341.19 | 5070.82 | +5.33% | 4462.17 | +19.7% |
| Operating Income | 426.16 | 562.55 | -24.24% | 410.33 | +3.86% |
| Net Income Before Taxes | 320.9 | 416.69 | -22.99% | 298.27 | +7.59% |
| Net Income | 227.23 | 332.84 | -31.73% | 220.66 | +2.98% |
| Diluted Normalized EPS | 6.93 | 9.29 | -25.46% | 7.74 | -10.52% |
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