India's Tata Communications rises on quarterly revenue growth

Tata Communications

23/04/2026 05:43

**Shares of Tata Communications TATA.NS rise as much as 2.61% to 1,554.80 rupees; last up 0.5%

**Communication technology firm posts 9.4% rise in fourth-quarter revenue; profit dips to 2.63 billion rupees ($27.94 million) from 10.40 billion in the year-ago period, which had seen a one-off gain from the sale of a stake in a subsidiary

**CLSA retains "outperform" on TATA, citing robust growth commentary by new CEO and upside from the potential STT GDC India IPO ahead; hikes PT to 2280 rupees from 2165 rupees

**Centrum Broking ("Neutral; PT: 1,525 rupees) says co's performance was driven by strong momentum in data and digital businesses

**Digital segment now accounts for 50%+ of data revenues, reinforcing shift to higher-value platform offerings; broad-based growth improves visibility - brokerage

**Centrum sees revenue growing at a CAGR of 8.9% over FY26-FY28E

($1 = 94.1350 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))