Press Release

FY24 revenue reaches new milestone as data grows 21.9%

Digital Portfolio grows more than 55.4% YoY | Board recommends dividend of INR 16.70 per share


Tata Communications, the global commtech (communications technology) player, announced its financial results for the quarter and financial year ended 31st March 2024.


Highlights | Q4 FY2024 & FY2024


  • Consolidated revenues for the year jump by 5%, coming in at INR 20,969 crore
  • Data revenue crosses the INR 17,000 crore mark, growing by 9% on a full-year basis
  • Digital Portfolio witnesses a broad-based growth across all offerings, improving by 55.4% on a full- year basis



Commenting on the results, AS Lakshminarayanan, MD and CEO, Tata Communications, said: “We are pleased to report the significant revenue milestone of INR 20,000 crore. We closed FY24 with strong

execution and our digital fabric is witnessing increased relevance from enterprise customers. As we enter the next fiscal, our firm focus will remain on integrating our acquisitions, executing our strategies, and

driving sustainable and profitable revenue growth.”



Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, said: “FY24 was an eventful year as we witnessed our finance strategy in action, enabling us to successfully complete three strategic acquisitions on the back of a strong balance sheet. Our financial performance is in line with our expectations as we continue to capture newer business opportunities and accelerate our growth path. With the right operating levers in place, we are confident of our financial performance indicators returning to their ambition range in the

medium term.”



Consolidated financial highlights Q4 FY2024

Particulars (INR Crores)Quarter EndedYoY Growth
Q4 FY24Q4 FY23
Gross Revenue5,6924,56924.6%
Data Revenue4,6563,67026.9%
EBITDA Margin18.6%22.6%(408 bps)
PAT Margin5.6%7.1%(149 bps)


Full Year FY2024


Particulars (INR Crores)Fiscal Year EndedYoY Growth
Gross Revenue20,96917,83817.5%
Data Revenue17,18114,09621.9%
EBITDA Margin20.2%24.2%(403 bps)
PAT Margin4.6%10.1%(545 bps)


In The News This Quarter



Major Awards & Recognitions This Fiscal


  • Recognised as a Leader in the 2024 Gartner® Magic Quadrant™ for Global WAN Services for the 11th consecutive year
  • Recognised by Carbon Disclosure Project (CDP) with the distinguished ‘A-’ Leadership band for 2023
  • Frost & Sullivan 2023 awards for Indian SD-WAN Service Provider Company, Indian Unified

Communications Service Provider Company, Indian Cloud Interconnect Service Provider Company and Indian Managed Multi-cloud Service Provider Company


  • Tata Communications recognised with ‘Kincentric Best Employers- India 2023’
  • Tata Communications InstaCC™ announced as ‘Gold Winner’ in the best CCaaS solution category by Juniper Research in Future Digital Awards for Telco Innovation 2024
  • Recognised as Best Cyber Security Services Company of the year in India by Data Security Council of India
  • The Financial Times and Statista recognise Tata Communications as one of the APAC Leaders Climate 2023
  • Tata Communications announces 3C Sustainability strategy; Commits to Net Zero by 2035
  • Bagged 2 awards at BW Businessworld The Sustainable World Conclave Ranked 1st in the Top 3 Telecommunications Sector category and 11th in the Top 50 Most Sustainable Companies in India



An investor data pack providing detailed analysis of the results for the quarter ended 31st March 2024 has been uploaded on the Tata Communications website and can be accessed here.



About Tata Communications

A part of the Tata Group, Tata Communications (NSE: TATACOMM; BSE: 500483) is a global digital ecosystem enabler powering today’s fast-growing digital economy in more than 190 countries and territories. Leading with trust, it enables digital transformation of enterprises globally with collaboration and connected solutions, core and next gen connectivity, cloud hosting and security solutions and media services. 300 of the Fortune 500 companies are its customers and the company connects businesses to 80% of the world’s cloud giants.