TATA COMMUNCIATIONS
The company, which the market had celebrated a few months ago for its turnaround, is back to losses, that too when other telecom companies have posted much better numbers. For Q1Fy15, the company posted a consolidated net loss at Rs.21 crore v/s net profit of Rs.94 crore in previous Q1. The only solace is that this loss is much lower than the Rs.123 crore it had clocked for Q4Fy14. In terms of revenue, YoY, it was up 14% at Rs.5112 crore though down 2% when compared sequentially. The company was in the black till PBT levels, with PBT coming in at Rs.48 crore but what did it in was a tax outgo of Rs.69 crore. The company also had a forex gain of Rs.10 crore during the quarter.
Revenue from operations for the core business improved 12% (YoY) at Rs.4519 crore. Data services continue to be the primary growth driver because of an uptake in demand from global enterprise customers for network and data centre services. Transformation services for global carriers also witnessed an upswing in demand. EBITDA margin dropped from 14.5% to 13.9% and from 15% in Q4. Net debt as at 30th June 2014 stands at Rs.8580 crore. In terms of geography, revenue from India rose 100 bps to 22%, South Africa remaine status quo at 11% and other international markets fell 100 bps at 67%. Net Voice solutions revenue dropped 13% (YoY) while data services rose 16%.