Tata Communications Shares Surge 10% Ahead of Q2 FY26 Results; Up 44% from 52-Week Low, ICICI Sees 24% Upside

Shares of Tata Communications Limited became the top gainer on the NSE today, October 10, surging over 10% intraday due to strong buying activity ahead of the company's Q2 FY26 results announcement, which is scheduled for next week.

Tata Communications Shares Today

At the time of writing, Tata Communications shares were trading at Rs. 1,870.10, up 10.21%. The stock's value has been rising continuously, gaining 16.74% over the past five days and 18.23% in the past month, while marking a massive 44.93% jump from its 52-week low.

Q2 FY26 Results Date

The Tata group company is set to announce its second-quarter financial results for FY26 on Wednesday, October 15, 2025. As per the official exchange filing, "It is hereby informed that a meeting of the Board of Directors of Tata Communications Limited ("the Company") is scheduled to be held on Wednesday, October 15, 2025, to, inter alia, consider, approve, and take on record the unaudited standalone and consolidated financial results along with the limited review reports of statutory auditors thereon for the quarter and half year ended September 30, 2025."

Analyst Outlook and Price Target

Analysts at ICICI Securities are bullish on Tata Communications, suggesting a 24% upside from current levels.
The broking firm in its report dated 14th September mentioned, "TCom remains excited about its digital business as key parameters are advancing encouragingly, and order book (OB) growth remains healthy. Further, TCom was faced with certain challenges in Kaleyra and core connectivity - the company is making headway towards the resolution of both; accordingly, the growth and profitability outlook remains healthy. Alongside, TCom reiterated its guidance of achieving data revenue of INR 280bn with an EBITDA margin of 23-25% by FY28. We retain our estimates and TP at INR 2,000 (core business EV/EBITDA multiple to 12x). We upgrade our rating to BUY (from Add) post the recent stock price correction. "

Tata Communications Q1 FY26 Performance Recap

In the first quarter of FY26, Tata Communications reported a sharp decline in net profit, which fell 42.9% year-on-year to Rs. 190 crore, down from Rs. 333 crore in the same period last year. On the revenue front, the company recorded a 6.6% increase to Rs. 5,690 crore, driven by strong performance in its digital business, which grew 17.4% YoY, and data services, which rose 9.4% YoY, contributing Rs. 5,130 crore to total revenue. Meanwhile, EBITDA in this quarter was flat at Rs. 1,137 crore, although the EBITDA margin dipped to 19.1% compared with 20.3% a year ago.

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