Q2 2026 Tata Communications Ltd Earnings Call Transcript

Oct 15, 2025 / 12:30 PM GMT

Release Date Price: ₹1955.55 (+4.44%)

Transcript

Key Points

Positve

Tata Communications Ltd (BOM:500483) reported a year-on-year revenue growth of 6.5% and a quarter-on-quarter growth of 2.3%, indicating a positive financial trajectory.
The company's EBITDA margin improved by 17 basis points quarter-on-quarter, reaching 19.2%, showcasing enhanced operational efficiency.
The AI cloud and Voice AI platform initiatives are gaining traction, with significant customer engagement, particularly in model training and advanced AI use cases.
The digital fabric tool has been a differentiator, securing large deals such as with the GST Appellate Tribunal under the Ministry of Finance.
International order book growth is robust, with significant deals secured in Europe and AAC, reflecting strong global market penetration.

Negative

The company faced disruptions due to subsea cable cuts in the Red Sea, affecting internet and data traffic between Asia, Europe, and the Middle East, with impacts expected to continue into Q3 FY26.
Despite a strong order book in the enterprise segment, the overall order book remained flat due to headwinds in the service provider segment.
The digital services growth was lower than expected, with a 15% year-on-year growth in net revenue, which was below the anticipated 20% growth.
The cloud and security fabric revenues, although growing at 13.1% year-on-year, did not meet the high growth potential expected from the segment.
The company's PAT declined by 27% year-on-year, and net debt increased due to dividend payments and adverse ForEx impacts, affecting financial stability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TATA.NS - Tata Communications Ltd
Q2 2026 Tata Communications Ltd Earnings Call
Oct 15, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good evening everyone, and a very warm welcome to you all.

Thank you for participating in the Q2 FY26 earnings call for Tata communications. My name is Sudeshna Patnai, and I'll be your host for the call. We are joined by our MDN CEO, Mr. Amm Laxminarayan, our CFO, Mr. Kair Emahair, and our head of investor relations, Mr. Rajiv Sharma. The results for the quarter ended 30th September 2025 have been announced, and the data pack is available on our website.

We will begin today's call with opening remarks from Lakshmi on the business performance and outlook, followed by Kabir on the company's financial performance.

All participant lines will be muted for the duration of the call. There will be an

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