New Delhi, June 16 -- Tata Communications has delayed its Rs.28,000 crore data revenue target by a year, now aiming for FY28 instead of FY27. Its Ebitda margin guidance of 23-25% and return on capital employed (RoCE) target of 25% have also been pushed back, citing macroeconomic uncertainties and deferred deals, as clients remain cautious about spending.

Analysts had already flagged that the FY27 target seemed ambitious without inorganic growth. So, with the guidance now pushed to FY28, does this deferment signal deeper trouble? What does it mean for investors?

Strong foundations

Tata Communications owns the world's largest fibre network of over 5 lakh kilometres of undersea fibre, and more than 2.1 lakh kilometres of land fibre. It ho...