Q1 2025 Tata Communications Ltd Earnings Call Transcript
Key Points
- Consolidated revenues grew by 18.1% year-on-year.
- EBITDA increased by 9.8% year-on-year, with margins improving to 20%.
- Digital services revenues surged by 51.5% year-on-year.
- Significant order book growth driven by large deal wins.
- Media business revenues grew by 9.2% quarter-on-quarter.
- Free cash flow for the quarter was negative INR385 crores due to increased working capital.
- Net debt stood at INR9,611 crores, with a net debt to EBITDA ratio of 2.2x.
- PAT margins were at 5.9%, down 12.8% year-on-year.
- TCTS revenues declined by 17.9% year-on-year due to the termination of a large loss-making contract.
- Order book from OTT and SP segments continues to be lumpy, affecting revenue predictability.
Good afternoon, everyone, and a very warm welcome to you all. Thank you for participating in the Q1 FY25 Earnings Call for Tata Communications. We are joined today by our MD and CEO, Mr. Amur Lakshminarayanan; our CFO, Mr. Kabir Ahmed Shakir; and our Head of Investor Relations, Mr. Rajiv Sharma.
The results for the quarter ended June 30, 2024 have been announced yesterday, and the quarterly data pack is available on our website for your reference. We will begin today's call with opening remarks from Lakshmi on the business performance and outlook, followed by remarks from Kabir on the company's financial performance.
(Operator Instructions) Before we begin, I would like to remind everyone that some of the statements made in today's call may be forward-looking in nature and are subject to risks and uncertainties. A detailed statement of these uncertainties are included in our annual filings on our company website. The company does not undertake to update these forward-looking statements publicly.
With that, I would like to invite Lakshmi to share his views. Thank you, and over
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