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Tata Communications stock gains 3% after Q4FY18 numbers

Tata Communications’ stock gained 3% after Q4FY18 numbers. The company’s revenue shrank by 6.6% yoy to Rs4,009cr (expectation Rs4,162cr). Adjusted Net Loss stood at Rs116cr against an estimate of a Net Profit of Rs49.5cr.

EBITDA stood at Rs555.5cr, up 10.6% yoy against estimates of Rs618cr. EBIDTA margin rose by 216bps yoy to 13.9%.

The stock is currently trading at Rs629.70 up by Rs17.25 or 2.82% from its previous closing of Rs612.45 on the BSE.

The Data business grew by 4% yoy as Growth Services grew at 20.7% yoy.

The scrip opened at Rs598.90 and has touched a high and low of Rs642 and Rs595.35 respectively.

Tata Communications is one of the largest communications companies in the world with 25% of global internet traffic passing through their network. The company has three business verticals i.e. voice solutions, growth services and traditional services.

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