Tata Communications Ltd — Q1FY27 earnings call summary

Filed 28 July 2026 · Official transcript

Management targets double-digit EBITDA growth for FY27 with focus on profitable growth and capital discipline
Multiple analyst queries on EBITDA growth guidance and digital portfolio profitability; management committed to clarity post H1 results
Q1 FY27 consolidated revenue 65.83bn INR +10.5% y-y; data revenue 57.08bn INR +11.3% y-y
Strong order book and pipeline in DC-to-DC connectivity and next-gen platforms
Normalised EBITDA margin 19.4% with 12.7% normalised EBITDA growth y-y
Digital portfolio EBITDA margin improved to -6.9% from prior periods
Core connectivity revenue up 5.7% y-y; digital portfolio revenue up 17.1% y-y
Net debt 104bn INR; ROCE 14.7%; free cash flow negative 4.43bn INR due to seasonality