Business integration impacts EBITDA

Company
19 Apr 2024
5 Min read 
  • Tata Communications reported 1% growth in revenue and a 7% decline in EBITDA in 4QFY24.
  •  The decline in EBITDA was due to higher integration expenses from business acquisitions.
  •  Adjusted for the acquisitions, data revenue and data EBITDA were flat QoQ.
  •  The company aims to drive margin-accretive growth in the long term.
  •  The management reiterates the target of 23-25% EBITDA margin and aims to double data revenue by FY27.
  •  The stock is rated as Neutral with limited upside potential.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority

Click here to see your activities