Tata Communications announced the adoption of a sustainability-linked loan (SLL) framework to align all future long-term debt financing with its environmental commitments. The initiative, a first of its kind in the sector in India, underscores the company`s unwavering dedication to responsible business practices and sustainability leadership. Unlike traditional loans, loans aligned to the SLL framework have margins tied to specific carbon emission reduction targets (or non-financial covenants), incentivising continuous improvement in sustainability performance. By linking its loan margins directly to environmental impact, Tata Communications aims to drive meaningful change while fostering a deeper integration of the Tata Group`s overarching sustainability aspirations with its own capital structure. The transparent and accountable approach also aims to attract sustainability-conscious capital from investors who share the company`s commitment to environmental responsibility. By linking loan margins to measurable targets, it demonstrates a commitment to quantifiable results, allowing stakeholders to track progress and recognise milestones.Powered by Capital Market - Live News

Net profit of Tata Communications declined 1.49% to Rs 321.18 crore in the quarter ended March 2024 as against Rs 326.03 crore during the previous quarter ended March 2023. Sales rose 24.58% to Rs 5691.70 crore in the quarter ended March 2024 as against Rs 4568.66 crore during the previous quarter ended March 2023.For the full year,net profit declined 46.08% to Rs 968.34 crore in the year ended March 2024 as against Rs 1795.96 crore during the previous year ended March 2023. Sales rose 17.55% to Rs 20968.82 crore in the year ended March 2024 as against Rs 17838.26 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales5691.704568.66 25 20968.8217838.26 18 OPM %18.5622.64 -20.1724.21 - PBDT925.15963.90 -4 3868.424248.92 -9 PBT259.31345.40 -25 1398.751987.11 -30 NP321.18326.03 -1 968.341795.96 -46 Powered by Capital Market - Live News

Tata Communications announced that the Board of Directors of the Company at its meeting held on 17 April 2024, has recommended a Final dividend of Rs.16.70 per share (i.e.167%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Tata Communications will hold a meeting of the Board of Directors of the Company on 17 April 2024.Powered by Capital Market - Live News

Net profit of Tata Communications declined 88.62% to Rs 44.81 crore in the quarter ended December 2023 as against Rs 393.88 crore during the previous quarter ended December 2022. Sales rose 24.40% to Rs 5633.26 crore in the quarter ended December 2023 as against Rs 4528.34 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales5633.264528.34 24 OPM %20.1423.79 - PBDT958.24985.44 -3 PBT339.27430.62 -21 NP44.81393.88 -89 Powered by Capital Market - Live News