Tata Teleservices, the telecom cellular and fixed line services provider by Tata Group, has declared its Q4 results along with full-year earnings performance. While the net loss of Tata Teleservices widened in Q4 and FY24, its revenue surged on a quarter-on-quarter and year-on-year basis. Tata Teleservices which has issued only one bonus in its history, has given a whopping 2,821% returns in 5 years.
Tata Teleservices Earnings:
In Q4FY24, the telecom company reported a net loss of Rs 309.34 crore, as against a net loss of Rs 307.69 crore in Q3FY24 and Rs 277.07 crore in Q4FY23. Revenue from operations surged to Rs 323.29 crore in Q4FY24, compared to Rs 296.03 crore in Q3FY24 and Rs 280.13 crore in Q4FY23.
FY24 net loss came in at Rs 1,228.44 crore, compared to net loss of Rs 1,144.72 crore in FY23. On the other hand, revenue from operations for FY24, edged higher to Rs 1,191.65 crore as against Rs 1,106.17 crore in FY23.
Tata Teleservices Share Price:
On April 25, the day it announced quarterly earnings, Tata Teleservices' share price ended at Rs 83.55 apiece, down by 1.97% with a market cap of Rs 16,333.42 crore. Tata Teleservices is a penny stock trading below Rs 100 levels.
Although, Tata Teleservices' share price has touched a 52-week high and low of Rs 109.10 apiece and Rs 59.80 apiece earlier.
YTD, the company's stock is down by 8.6%. In a year, however, the stock jumped by 37%. But in a span of 5-years, Tata Teleservices stock climbed by a whopping 2,821.33%. The share price was merely at Rs 2.86 apiece on April 25, 2019.
Tata Teleservices Bonus Shares:
The company had a spin-off in July 2019, after it carried a bonus issue of 2:15 in August 2013. The company issued 2 additional bonus shares on the existing 15 shares. While before that Tata Teleservices had practiced Rights Issue of its equity shares.
Tata Teleservices Stock Analysis:
As per Trendlyne data, the following are the fundamentals for the stock:
- Stock Price rose 32.83% and underperformed its sector by 51.84% in the past year.
- Debt to Equity Ratio of -1.04 is less than 1 and healthy. This implies that its assets are financed mainly through equity.
- Promoter Share Holding stayed the same in the most recent quarter at 74.36%.
- Promoter Pledges are zero.
- Price to price-to-earning ratio is -13.26, which is negative.
- Mutual Fund Holding increased by 0.01% in the last quarter to 0.06.
- Interest Coverage Ratio is 0.34, less than one. This means that it is unable to pay interest with its earnings (EBIT).
Tata Teleservices Limited (TTSL) is a leading player in the connectivity and communication solutions market serving enterprise customers. With services ranging from connectivity, collaboration, cloud, security, and marketing solutions, it offers a comprehensive portfolio of ICT services for businesses in India under the brand name Tata Tele Business Services (TTBS).
TTBS provides integrated telecom solutions to enterprises that go beyond the purview of connectivity into offering one-stop-shop business solutions and managed services. The solutions allow enterprises to be resilient and maintain business continuity in a flexible, scalable and secure manner. It follows a progressive approach of partnering with Small & Medium Businesses ('SMBs') as their trusted technology enabler, empowering them with a comprehensive portfolio of connectivity and digital solutions. The objective is to provide products and services that significantly impact the competitiveness of its customers and enable them to DO BIG.
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