Tata Communications looks at higher margins in coming quarters

Written by fe Bureau | Mumbai | Updated: Aug 6 2014, 06:53am hrs
Tata Communications will look to maintain an Ebitda margin of over 20% in the coming quarters, managing director and group chief executive officer Vinod Kumar said on Tuesday.

Speaking to analysts, Kumar said the telco expects many of its services, which are currently in nascant stages and are making losses, to turn around in the coming quarters. As new services mature and become profitable, our margins will only strengthen, he said.

Total debt of the company stood at R13,694.40 crore at the end of March 31. The telco plans to get its overall debt down significantly down in the near and medium term.

The company is also focusing on monetising its land holdings and non-core assests to cut down debt and bring about an improvement in the operational performances of the company.

We will begin selling our non-core assests from this financial year itself, Kumar said.