Integration of Kaleyra drives EBITDA

Company

19 Jan 2024 | 5 Min Read

Tata Communications reported 16% QoQ growth in revenue and 12% QoQ growth in EBITDA.

Cost synergies from the integration of the Kaleyra acquisition led to a beat in EBITDA.

Adjusted for acquisitions, revenue and EBITDA were flat QoQ.

The company has reiterated its focus on margin-accretive growth in the long term.

Valuations show limited upside with a Neutral rating and a revised TP of INR1,750.

The management expects a decrease in margins in the short term due to acquisitions.