Tata Communications Q4 FY25 earnings call: Revenue & Margins
Q4 FY25 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹5,990Cr
- +6.1% YoY
- +3.3% QoQ
- Net profit
- ₹1,041Cr
- +223.3% YoY
- +341.1% QoQ
- Margin
- 19%
- 0 pp YoY
- −1 pp QoQ
The short version
FY25 digital revenues grew by 29.5%, with sustained momentum over the last two years. Tata Communications expects double-digit revenue growth, driven by a healthy funnel and strong order book, particularly in digital services and core connectivity.
From Tata Communications Ltd's Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY25 digital revenues grew by 29.5%, with sustained momentum over the last two years.
- Full-year consolidated revenues reached Rs. 23,109 crores, an 11.2% YoY increase; data revenues grew 13.7% YoY to Rs. 19,513 crores.
- Core connectivity growth was 2.5% QoQ and 3.2% YoY; large DC-to-DC connectivity deals expected to start contributing more significantly in 2H FY26.
- Digital portfolio revenue grew 5.5% QoQ and 17.5% YoY; cloud and security fabrics show strong order book and growth potential.
- Healthy sales funnel with large multi-fabric deals diversified across India and international markets.
- Opportunities driven by AI infrastructure investments and hyperconnected ecosystems.
2 more points from Tata Communications Ltd's call on revenue
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Profitability & Margins
Tata Communications expects double-digit revenue growth, driven by a healthy funnel and strong order book,…
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Capital Expenditure Plans
- The company's cash capex for the full year was Rs. 2,206 crores, with Rs. 730 crores spent in the most recent quarter.
- There is continued investment in organic growth and innovation, especially in cloud, security, and digital portfolio areas.
- Strategic investments also include acquisitions like Kaleyra and Switch, which are approaching inflection points in synergy realization.
- The company is maintaining a war chest to invest both organically and inorganically for growth.
- Capital investments include infrastructure such as data center expansion, indicated by continued commitment to digital and connectivity fabrics.
2 more points from Tata Communications Ltd's call on capex
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Fundraising & Capital Structure
Tata Communications issued a commercial paper recently at around 6.5%, which is part of their short-term…
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Order Book & Pipeline
- H1 FY25 order book was strong with high double-digit growth and several large deals, including with an OTT player, World Athletics, and a large BFSI deal.
- H2 FY25 order book returned to more normal levels compared to H1 but still showed overall good growth for the year.
- Some deals expected to close in Q4 were rolled over to Q1 FY26 without cancellations or negative customer reactions due to tariff uncertainties.
- The overall funnel remains healthy with good additions and a good representation of large deals, diversified across India and international markets.
2 more points from Tata Communications Ltd's call on order book
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Tata Communications Ltd — Quarterly revenue & net profit
Tata Communications Ltd Q4 FY25 results — key figures
| ₹ Cr | Q4 FY25 | Q4 FY24 | YoY | Q3 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 5,990 | 5,645 | +6.1% | 5,798 | +3.3% |
| Operating profit (EBITDA) | 1,122 | 1,076 | +4.3% | 1,181 | -5% |
| Operating margin | 19% | 19% | 0 pp | 20% | -1 pp |
| Profit before tax | 1,193 | 207 | +476.3% | 350 | +240.9% |
| Net profit (PAT) | 1,041 | 322 | +223.3% | 236 | +341.1% |
| EPS (₹) | 36.50 | 11.27 | +223.9% | 8.28 | +340.8% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹6.7K Cr, net profit ₹336 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Tata Comm's management said in earlier quarters
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Potential multibaggers · Q2 FY27
This quarter's potential multibaggers
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Tata Communications Ltd Q4 FY25 results?
FY25 digital revenues grew by 29.5%, with sustained momentum over the last two years. Tata Communications expects double-digit revenue growth, driven by a healthy funnel and strong order book, particularly in digital services and core connectivity.
What is Tata Communications Ltd share price analysis?
Tata Communications Ltd currently shows a neutral. The stock trades at a P/E of 47.1 with a market cap of ₹48,969 Cr. Investors should review the full earnings analysis for detailed insights.
Is Tata Communications Ltd planning capital expenditure?
The company's cash capex for the full year was Rs. 2,206 crores, with Rs. 730 crores spent in the most recent quarter.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.