PAT rises 18.5% YoY Board recommends dividend of INR 20.7 per share

FY22 PAT at Rs 1,482 Crore; Consolidated FY22 EBITDA at RS 4,227 Crores

Healthy performance in Core Connectivity, Digital Platforms & Services, and Incubation services of Data business

Focus on continued growth and innovative solutions

Mumbai, NFAPost: Tata Communications, a global digital ecosystem enabler, today announces its financial results for the quarter and full-year ended 31st March 2022.

Highlights| Q4 & FY2022

Consolidated financial highlights

• Consolidated revenue for FY22 came in at Rs 16,725 crore ($2,244.9 million) and at RS 4,263 crore ($567.0 million) for Q4 FY22

• Most of the segments across Core Connectivity, Digital Platforms & Services, and Incubation services of Data business witnessed healthy growth:

• Data business grew by 2.1% QoQ and 1.4% YoY

• Within Digital Platforms, all segments except Collaboration witnessed double digit YoY growth and strong sequential growth

• Core Connectivity witnessed a revenue growth of +0.5% QoQ and +1.4% YoY

• Incubation portfolio grew by 49.1% QoQ and 67.6% YoY

· Consolidated EBITDA stood at INR 4,227 Crores (USD 567.3 Mn); with margins in at 25.3%, expanding by 40 Bps YoY. For the quarter, margin came in at 24.5%

· Consolidated PAT stood at INR 1,482 Crores (USD 198.9 Mn) as compared to a profit of Rs 1,251 crore ($168.4 million) in FY21, registering a growth of + 18.5% YoY

· CAPEX for this year was INR 1,608 Crores ($ 216.9 million) as compared to Rs 1,421 crore ($191.4 million) in FY21; Free Cash Flow for FY22 was at Rs 2,619 crores (Rs 345.6 million)

The Board has recommended a dividend of Rs 20.7 per share as a result of the Company reporting strong profitability.

Tata Communications MD and CEO A S Lakshminarayanan said overall the company’s full year performance has been steady with three consecutive quarters of growth.

“We are focused on executing on our strategy and capturing tremendous opportunities ahead of us. I am proud of the team and the significant improvements we have made in our Net Promoter Score® (NPS®). We also earned several industry recognitions for our portfolio as well as for sustainability and workplace,” said Tata Communications MD and CEO A S Lakshminarayanan.

Speaking on the occasion, Tata Communications Chief Financial Officer Kabir Ahmed Shakir said with a steady sequential upswing in profitability and revenue, FY22 has been a healthy year.

“Our strong cash flows give us the confidence to compete in global markets and take on a stronger posture. We are now focused on accelerating growth, improving operating efficiencies while remaining committed to further strengthening our portfolio with innovative and differentiated offerings,” said Tata Communications Chief Financial Officer Kabir Ahmed Shakir.

An investor fact sheet providing detailed analysis of the results for the quarter and full year ended 31st March 2022 has been uploaded on the Tata Communications website and can be accessed here.

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