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Moneycontrol

Tata Communications shares slide as Q1 net profit drops 29%

AI Market Summary
Tata Communications' shares fell as Q1FY27 net profit dropped 29% despite 10% revenue growth, with Data Services EBIT down sharply QoQ, raising questions about margin durability. A provision reversal tied to India's updated labour codes adds an accounting-noise element, but the market reaction suggests concern over earnings quality and near-term profitability. The move can weigh on broader Indian equities sentiment, especially telecom/IT-linked names.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT-0.14%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▼ Bearish
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Tata Communications posted a 29% year-on-year drop in net profit for Q1FY27, a sharper-than-expected decline. Revenue rose 10% to Rs 6,583 crore, but Data Services EBIT fell 28% quarter-on-quarter to Rs 250 crore. The company also disclosed a Rs 18.52 crore reversal of provisions tied to revisions in India’s new labour codes, an accounting adjustment. Shares fell as much as 6% intraday, reflecting investor concern over earnings quality and the durability of growth.
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