By Admin 
Tata Communications Limited: Tata Communications Limited recently presented its results for the first quarter of FY26. The company suffered losses in the first quarter, but still its shares are in demand. Domestic brokerage firm Nuwama Institutional Equity has retained the rating of its ‘Buy’ on this stock. Brokerage has increased its 12 -month target price from 2,000 to Rs 2,020 in view of its long -term growth possibilities in the digital segment.
Company deficit so much crore in the first quarter
In the first quarter of FY 26, the company’s revenue fell by 0.5 percent in the first quarter of Rs 5,960 crore, showing a year-on-year lead of 6.6 percent. In Data Revenue, Tata Communications Limited has gained a 9.3 percent lead. The main reason for this is the growth of 17.1 percent in the digital sector.
The company’s consolidated Ebitda margin was 19.1 percent, which has increased by 34 basis points compared to the previous quarter. However, this is 125 basis points less than a year ago. Overall, the company made a profit of Rs 190.14 crore in the quarter, which is 43 % less than Rs 332.93 crore in the same quarter last year.
Nuwama trusts the share
Nuwama said, we consider healthy growth and focus on margin in the right direction in the digital segment. We see Tata Com as a strong player, who is doing well in both stability in the telecom sector and the possibilities of growth in the IT sector.
The management is confident in increasing the margin in its digital business through its operating capacity, profitable contracts and changes in portfolio. It remains positive through Tata Com’s long term growth, inspired by the positioning of a unique technology-cum-telecom. Meanwhile, Tata Com’s shares jumped 1.89 percent on Friday to close at Rs 1,764.45.
Also read:
Goodnues may come before 1 August! The trade deal between India and America is expected to be sealed