Tata Communications Q1 Results Live : profit falls by 12.8% YOY

Tata Communications Q1 Results Live : Tata Communications announced their Q1 results on 18 Jul, 2024, revealing a significant increase in revenue by 18.07% year-over-year. However, the profit took a hit, falling by 12.8% compared to the same quarter last year.

In comparison to the previous quarter, the revenue saw a slight decline of 1.02%, while the profit actually increased by 3.63%.

The company managed to decrease its Selling, General, and Administrative expenses by 2.63% quarter-over-quarter, although there was a notable 9.69% increase year-over-year.

On the positive side, the operating income showed a remarkable improvement, rising by 66.26% from the previous quarter and 26.61% from the same quarter last year.

The Earnings Per Share (EPS) for Q1 stood at ₹9.29, reflecting a decrease of 30.35% year-over-year.

Tata Communications demonstrated a 0.85% return in the last week, with 5.7% return in the last 6 months and 5.66% Year-to-Date return.

Currently, the market cap of Tata Communications stands at ₹53307.83 Cr, with a 52-week high/low of ₹2084.65 and ₹1543.4 respectively.

Analysts covering the company have mixed recommendations, with 1 analyst Strong Sell rating, 1 Sell rating, 2 Hold ratings, and 3 Buy ratings as of 19 Jul, 2024.

The consensus recommendation as of 19 Jul, 2024, was to Hold the stock.