Tata Communications

Tata Communications

Posted by : insight95in
Price when posted : BSE: Rs 374.20 ( -0.09 % ), NSE: Rs. 374.50 ( -0.32 % )

Tata Communications
SELL
Price: Rs375 Target Price: Under Review

2QFY10 margins, net profit disappoint

* 2QFY10 consolidated revenues in-line; margins, PAT disappoint:
For 2QFY10, TCOM posted consolidated revenues, EBITDA and net loss of
Rs27.2 bn (up 6.2% qoq), Rs3.3 bn (down 8% qoq) and Rs1.56 bn (vs.
net loss of Rs551 mn in 1QFY10) respectively. At 12.1%, 2QFY10 EBITDA
margin was 240 bps below our estimate – the gap in EBITDA together with
lower-than expected non-operating income led to 2QFY10 net loss being
significantly exaggerated vs. our estimate (Rs580 mn).

* Margin decline attributed to qoq stagnation in non-voice revenues:
A mere 1.6% qoq rise in non-voice revenues suggests pricing pressure in
enterprise/carrier data business, albeit not as severe as in the domestic
market considering that stand-alone 2QFy10 non-voice revenues declined
8.6% qoq. As voice revenues, which entail significantly lower margins than
data revenues, grew 10.3% qoq, the change in revenue mix led to the
consolidated EBITDA coming in 16% below our expectations.

* Neotel’s 2QFY10 net loss up 13.8% qoq: Neotel’s implied 2QFY10 net
loss (based on TCOM’s 27% share of loss which it consolidates) was
Rs1.37 bn (up 13.8% qoq). Neotel’s 1HFY10 net loss of Rs2.57 bn is in line
with tour FY10E net loss forecast of Rs5.5 bn.

* Maintain SELL; placing earnings forecast, TP under review: Viewing
TCOM’s stand-alone and consolidated 1HFY10 results in perspective with
our full-year (FY10) earnings forecast, we infer – (1) Implied growth in
2HFY10 consolidated EBITDA is 47%, (2) implied decline in 2HFY10 net
loss is 76%, and (3) implied growth in 2HFY10 stand-alone EBITDA/net
profit is 61%/309% respectively – both scenarios appear unlikely.
Accordingly, pending a meeting with the management, we place our
earning estimates and TP for TCOM under review....

Heading

Posted by : NAUGHTY007
Price when posted : BSE: Rs 374.55 ( 4.07 % ), NSE: Rs. 375.70 ( 4.38 % )

any positive news? what happened...

NSE Announcements on Tata Comm

Posted by : MMB Messenger
Price when posted : [Tata Comm - BSE:Rs. 375.10 NSE:Rs. 426.70 when posted]

Tata Communications Limited has informed the Exchange regarding a press release dated November 24, 2009, titled "Tata Communications and Middle Eastern Operators launch strategic Gulf cable project". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....

NSE Announcements on Tata Comm

Posted by : MMB Messenger
Price when posted : [Tata Comm - BSE:Rs. 372.50 NSE:Rs. 426.70 when posted]

Tata Communications Limited has informed the Exchange regarding a press release dated November 24, 2009, titled "Tata Communications Wins Capacity Magazines Best Global Wholesale Offering Award 2009". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....

BSNL

Posted by : NAUGHTY007
Price when posted : BSE: Rs 360.50 ( 0.33 % ), NSE: Rs. 360.65 ( 0.54 % )

i dont think so-tata comm name was VSNL earlier before govt sold off to tata ...

Tata Comm and BSNL

Posted by : radhika_nandlal
Price when posted : BSE: Rs 356.75 ( -0.71 % ), NSE: Rs. 357.65 ( -0.29 % )

Folks,

Does TATA COMM own a stake in BSNL?

Should we buy tata comm since BSNL might get listed

Anyone here who can guide me?...

Heading

Posted by : Guest
Price when posted : BSE: Rs 362.10 ( -0.60 % ), NSE: Rs. 362.20 ( -0.52 % )

There`s no basis, stock will go down to 200 levels...soon...

Heading

Posted by : NAUGHTY007
Price when posted : BSE: Rs 364.30 ( 0.00 % ), NSE: Rs. 364.10 ( 0.14 % )

on what basis r the targets of 430/500-it appears even 400 will be difficult...

BUY

Posted by : Guest
Price when posted : BSE: Rs 364.30 ( 0.00 % ), NSE: Rs. 364.10 ( 0.14 % )

Buy before it go to 500 in short term...

Buy Buy

Posted by : Guest
Price when posted : BSE: Rs 364.30 ( 0.00 % ), NSE: Rs. 364.10 ( 0.14 % )

Buy this stock with short term target of Rs. 430...

BUY TATA COMMUNICATION

Posted by : ShareBroker
Price when posted : BSE: Rs 368.90 ( -0.57 % ), NSE: Rs. 369.45 ( -0.55 % )

My dear tans001 ..it seems u read marketbhavishya do u have any other source of nerws besides that ?...

Heading

Posted by : NAUGHTY007
Price when posted : BSE: Rs 371.00 ( -0.99 % ), NSE: Rs. 371.50 ( -0.91 % )

what is the target this week-will it be able to cross 400 this month...

NSE Announcements on Tata Comm

Posted by : MMB Messenger
Price when posted : [Tata Comm - BSE:Rs. 371.00 NSE:Rs. 426.70 when posted]

Tata Communications Limited has informed the Exchange regarding a press release dated November 13, 2009, titled "Tata Communications Limited files annual report on Form 20-F". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

BSE Announcements on Tata Comm

Posted by : MMB Messenger
Price when posted : [Tata Comm - BSE:Rs. 371.00 NSE:Rs. 426.70 when posted]

Tata Communications Ltd has informed BSE regarding a Press Release dated November 13, 2009 titled "Tata Communications Ltd files annual report on Form 20-F"....

BUY TATA COMMUNICATION

Posted by : tans001
Price when posted : BSE: Rs 378.60 ( 1.04 % ), NSE: Rs. 377.70 ( 0.75 % )

Price Target of 450+ as $2Bn land sale news on the cards...