Q3 2026 Tata Communications Ltd Earnings Call Transcript

Jan 21, 2026 / 12:00 PM GMT

Release Date Price: ₹1617.55 (-5.64%)

Transcript

Key Points

Positve

Tata Communications Ltd (BOM:500483) reported a year-on-year revenue growth of 6.7% and a quarter-on-quarter growth of 1.5%, indicating a positive trend in financial performance.
The company's digital revenues grew by 15% year on year, showcasing strong growth in its digital business segment.
EBITA for the quarter increased by 4.6% quarter on quarter, with EBITA margins improving by 60 basis points, reflecting operational efficiency.
The company has launched several strategic products and initiatives, such as the AI cloud and multi-cloud networking, which are expected to drive future growth.
Tata Communications Ltd (BOM:500483) has successfully exited low-margin contracts, improving the profitability of its TCTS business segment.

Negative

The Move and IoT Fabric segment reported a decline of 4.3% quarter on quarter, indicating challenges in this area.
Media vertical revenues fell significantly from 390 crores to 312 crores over the last two quarters, highlighting volatility in this segment.
The company's net debt stood at 100,080 crores, which is a concern despite a reduction from the previous quarter.
There is a noted delay in the revenue synergies from the Calera acquisition, impacting the digital portfolio's profitability.
The macroeconomic environment remains uncertain, posing potential risks to the company's growth trajectory.

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

TATA.NS - Tata Communications Ltd
Q3 2026 Tata Communications Ltd Earnings Call
Jan 21, 2026 / 12:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
And 15.1% year-to-date and better than the five-year CAGRs.

Move and IoT Fabric reported a decline of 4.3% Q1 Q and a growth of 5.5% year on year.

We had a significant uptick in the IoT revenue, albeit on a small base.

One large steel company is deploying our Safe Pass monitoring and enhanced worker safety across the plant.

To conclude, I'm happy to see that data and digital portfolio are gaining momentum. The strategic bets that we had called out, thread span, commercial Global AI stack, EDP, AI cloud, and the MCC plus MCN.

And some of these have already been launched and are seeing several customer pilots, and few will be launched over the next couple of months.

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.