Tata Communications

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• DebtHighest safetyRated AAA by CRISIL.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 9.6% and profit rose 84% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 59% of the company, about the same as in Sep 2025.
• ValuationNormal for this stockThe share trades at 39 times its yearly earnings (P/E), pricier than 62% of the time in the last 5 years. Its usual P/E is about 48.

Tata Communications against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)39 against a typical 33.9: pricier than most peers (1st = cheapest).6th of 8
• Sales growth+9.6% against a typical +8.4% from a year earlier.4th of 9
• Profit growth+83.6% against a typical +34.9% from a year earlier.1st of 3
• Share price, 3 months−5.7% against a typical −1.4%.6th of 8
• Size₹ 47,669.6 Cr. market value against a typical ₹ 7,484.4 Cr. (1st = largest).4th of 9

Exchange filings and their impact on the company.

• 23 Oct 2026General UpdatesLow impactNeutralPrice −1.7% that day
  Issued Rs 300 cr commercial paper, a routine small short-term borrowing with no material business impact.

  Tata Communications issued and allotted commercial paper aggregating Rs 300 crore, which was listed on NSE on October 23, 2026. This is routine short-term borrowing, small against FY26 borrowings of about Rs 12,249 crore and revenue of about Rs 24,803 crore. It does not change the business outlook, with only a small temporary increase in debt and interest cost.

  Full analysisFiling
• 21 Oct 2026General UpdatesMedium impactPositivePrice −0.6% on 22 Oct
  Spanish court annulled ~Rs 302.5 cr VAT demand and penalty against subsidiary, but ruling is still appealable.

  Tata Communications said Spain's National Court has ruled in favour of its subsidiary Tata Communications (Spain) S.L. and annulled the earlier tax tribunal order. The case involved a VAT and interest demand of about EUR 15.5 million plus a penalty of about EUR 18.1 million, together about Rs 302 crore. The judgment is a positive development but has not attained finality as further appeals remain available.

  Full analysisFiling
• 15 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice +6.3% that day
  Record Q2 EBITDA and 86% PAT jump signal sustained profitable growth.

  Tata Communications reported a strong Q2 FY27 with gross revenue up 9.6% to Rs 6,688 crore and EBITDA up 21.2% to Rs 1,422 crore, its highest ever, with margin expanding to 21.3%. Data revenue grew 12.2% and digital portfolio revenue grew 18.6%, while net profit nearly doubled to Rs 341 crore. Digital losses halved from last quarter, supporting improved profitability and momentum into the second half.

  Full analysisFiling
• 8 Oct 2026Press ReleaseLow impactPositivePrice +1.1% that day
  Tata Communications powers Air India's EasyRoam travel SIM in a small but strategically positive partnership.

  Tata Communications announced on October 8, 2026 that Air India's EasyRoam Travel SIM for international travellers will be powered by Tata Communications. No commercial size or pricing was disclosed in the extracted filing. The tie-up should add a small stream of high-margin connectivity revenue and showcase its travel mobility platform, but is immaterial against annual revenue of around Rs 24,800 crore.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.