Tata Comm records PAT of Rs 299 cr in Q4 : vimarsana.com

Tata Communications reported a consolidated net profit of Rs 299.20 crore in Q4 FY21 compared with net loss of Rs 275.02 crore in Q4 FY20.
Net sales declined 7.4% year-on-year (YoY) to Rs 4,073.25 crore during the quarter, which was largely due to degrowth in voice business and data business.
Data revenue in the fourth quarter was at Rs 3,515 crore, down by 2.2% YoY. This reduction is primarily due to longer deal conversion and execution cycle due to COVID-19 and moderation of UCC (unsolicited commercial communication) traffic.
EBITDA increased by 16.8% to Rs 1,015 crore while EBITDA margin improved by 520 bps to 24.9% in Q4 FY21 over Q4 FY20.

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