Tata Communications (NSE: TATACOM) Second quarter 2023 results
Main financial results
- Revenue: ₹44.7 billion (up 7.0% from Q2 2022).
- Net profit: ₹5.32 billion (up 25% from Q2 2022).
- Profit margin: 12% (compared to 10% in the 2nd quarter of 2022).
- The increase in the margin is explained by the increase in revenues.
- EPS: ₹18.68 (from ₹14.93 in Q2 2022).
All figures shown in the table above are for the 12 month period (TTM)
Tata Communications revenue and profit beat expectations
Revenue beat analysts’ estimates by 1.0%. Earnings per share (EPS) also beat analysts’ estimates by 48%.
Going forward, revenue is expected to grow by an average of 6.8% per year over the next 3 years, compared to a growth forecast of 3.7% for the telecommunications industry in Asia.
The company’s shares rose 2.3% from a week ago.
Remember that there may still be risks. For example, we have identified 2 warning signs for Tata Communications which you should be aware of.
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