What To Expect? Dividend News
Shares of the company gave 51 per cent returns in the past one year as compared to a 25 per cent rise in the benchmark Nifty50 index.
Tata Communications Q4 Results 2024: Tata Communications will hold its board meeting on April 17 to recommend a dividend if any, and will also announce its financial results for the fourth quarter of the financial year 2023-24.
The Tata group-backed telecom firms’ in its regulatory filing dated April 8 stated, “It is hereby informed that a Meeting of the Board of Directors of Tata Communications Limited (“the Company”) is scheduled to be held on Wednesday, April 17, 2024 to inter alia consider, approve and take on record the Standalone and Consolidated Audited Financial Results along with the Reports of Statutory Auditors thereon for the financial year ended March 31, 2024 and to recommend dividend, if any, for the financial year ended March 31, 2024.”
Tata Communications Q4 Results 2024 Expectations
According to Zee Business Research, the company is expected to report a profit after tax (PAT) of Rs 325 crore for the quarter under review, a rise by 625 percent on a sequential basis as compared to the Rs 44.8 crore logged in the December quarter. Adjusted PAT for the March quarter is expected to surge 41.1 per cent to Rs 325 crore from Rs 230.3 crore registered in the previous quarter. There was an exceptional loss of Rs 185.5 crore in the last quarter.
Revenue for the company is estimated to increase by 2.1 per cent QoQ to Rs 5,750 crore, while EBITDA, or earnings before interest, taxes, depreciation, and amortisation, is seen rising from Rs 1,134 crore to Rs 1,150 crore, up 1.4 per cent.
Tata Communications’ stock History
Shares of the company gave 51 per cent returns in the past one year as compared to a 25 per cent rise in the benchmark Nifty50 index. The stock of the company in the 16th April’s session ended at Rs 1,884.05, declined by 1.32 per cent on the BSE.
Tata Communications Earlier Dividends
The Company telecom player has announced 25 dividends since August 31, 2000 and In the past 12 months, it has declared an equity dividend amounting to Rs 21 per share.
Tata Communications Share Price History
The Tata Communications stock rose by 50 per cent in the last one year, as compared to the 25 per cent in Nifty50. In 5 years, the stock has given returns upto nearly 250 per cent.
Tata Communications Q3 Results
Tata Communications reported an 88.6 per cent drop in its third-quarter net profit to Rs 44.81 crore. Companies posted revenue from operations at Rs 5,633.26 crore in October-December 2023.
