Tata Communications Ltd
Tata Communications Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
What the Q4 FY26 call signalled
3 of 4 strong
The short version
FY26 consolidated revenue grew 7.3% YoY; Q4 FY26 revenue grew 9.4% YoY (5.9% QoQ). The company is focusing on near to medium-term profitable growth with healthy EBITDA growth year-on-year.
From Tata Communications Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY26 consolidated revenue grew 7.3% YoY; Q4 FY26 revenue grew 9.4% YoY (5.9% QoQ).
- On a flat currency basis, revenue growth was 3.8% QoQ and 3.7% YoY.
- Data revenue for Q4 grew 6.1% QoQ and 11.5% YoY, with digital portfolio up ~17%.
- Growth momentum expected to continue despite geopolitical headwinds.
- Strong order bookings with healthy double-digit YoY growth, especially internationally.
- Focus on profitable growth alongside revenue growth, targeting steady EBITDA growth.
- Key growth drivers: next-gen connectivity platforms (24% YoY growth), digital products including multi-cloud connect and AI-enabled interaction fabric.
2 more points from Tata Communications Ltd's call on revenue
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Profitability & Margins
See what Tata Communications Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Tata Communications plans to continue investing in its digital portfolio to accelerate high-margin products like multi-cloud connect and employee interaction, aiming for the digital portfolio to break even at the earliest (Page 7, 10).
- The company has made strategic investments such as in the Commotion AI-enabled interaction fabric platform to capitalize on enterprise AI transformation and voice AI platforms (Pages 11-12).
- There is emphasis on building unified infrastructure combining network backbone, cloud and security infra, and AI-enabled interaction fabric to power enterprise AI at scale globally (Page 3).
- Tata Communications aims for disciplined capital allocation with a focus on profitable growth, balancing investment in future growth without compromising profitability (Page 7).
Fundraising & Capital Structure
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Order Book & Pipeline
- FY25 order book showed double-digit growth.
- FY26 order book also experienced good double-digit growth.
- Despite a strong order book, revenue growth remains under 10%, with some quarters below that mark.
- The company acknowledges a gap between strong order inflow and conversion into equivalent revenue growth.
- Priority is on improving quality and durability of growth with a focus on both growth and profitability.
2 more points from Tata Communications Ltd's call on order book
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Tata Communications Ltd — Quarterly revenue & net profit
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.
Full financials →Continue your research
What Tata Comm's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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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 FY26 results?
FY26 consolidated revenue grew 7.3% YoY; Q4 FY26 revenue grew 9.4% YoY (5.9% QoQ). The company is focusing on near to medium-term profitable growth with healthy EBITDA growth year-on-year.
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?
Tata Communications plans to continue investing in its digital portfolio to accelerate high-margin products like multi-cloud connect and employee interaction, aiming for the digital portfolio to break even at the earliest (Page 7, 10).
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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.