📋 Tender Overview
Data services revenue grew by 3.8 YoY Consolidated EBITDA at INR 1046 Crore increase of 37.5 YoY with margin expansion of 680 BpsHighlightsQ3 FY2021 Consolidated financial highlights Consolidated revenue was at INR 4223 crore USD 572 Mn flat YoY growth in data business compensated for decrease in Voice business Consolidated EBITDA at INR 1046 crore USD 142 Mn increase of 37.5 YoY on the back of robust growth and margin expansion in data business and cost optimisation initiatives Consolidated PAT at INR 309 crore USD 42 Mn as compared to a profit of INR 59 crore in Q3 FY20 growth of 428 YoY on the back of strong growth in profitability Net Debt has come down on the back of strong free cash flow generation Net Debt to EBITDA at 1.9x as compared to 2.9x for same quarter last year CAPEX for this quarter was INR 339 crore as compared to INR 490 crore in Q3 FY20Data services portfolio Stable growth in Data business despite seasonally slow quarter revenue grew by 3.8 YoY on the back of robust performance in Traditional services Data EBITDA was at INR 1026 crore USD 139 Mn up 43.8 YoY led by strong growth in Traditional services and profitable gain in Growth services. Data business now contributes 98 to overall EBITDA Traditional services witnessed strong growth in revenue and profitability revenue grew by 6 YoY and EBITDA grew by 20.7 YoY with margins at 42.9. We are witnessing strong demand from OTT and Enterprise segment for our services. Growth services continue to scale and witness profitable growth revenue grew by 2.6 YoY. We continue to witness operating leverage in this portfolio EBITDA grew by 145.7 YoY with a margin expansion of 910 BpsAnnouncing the results A.S Lakshminarayanan MD and CEO Tata Communications said Our disciplined execution has helped us deliver good results in a seasonally weak quarter. Our Secure Connected Digital Experience SCDx offering continues to be relevant as we reimagine the New World for our customers. At the same time our investments in products and services are positioning us well in our customers digital transformation journeys an example being our investment in Oasis. I am happy to share that during the quarter our efforts in Sustainability for Climate Change placed Tata Communications in the leadership band of the Carbon Disclosure Project CDP Report encouraging us to continue to make a difference to our Planet.Commenting on the results Kabir Ahmed Shakir Chief Financial Officer Tata Communications said We continue to deliver on our goal of profitable growth. Both profitability and cash flow generation has improved significantly in the last few quarters on the back of cost efficiencies and improved business processes. This agility has given us headroom to compete more effectively in the market and cater to our customers changing needs. Our focus continues to remain on generating a healthy order book coupled with strong execution to drive our growth.
