Tuesday, 24 January 2017

Tata Communications net jumps over 12-fold in December

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Leading telecom services provider Tata Communications Ltd has reported a jump of over 12-fold in its consolidated net profit after taxes (PAT) at Rs 1,412.88 crore in October-December quarter of 2016, on realisation from sale of its data centre. 

“The consolidated net profit of the company stood at Rs 110.74 crore during the same period a year ago,” Tata Communications Ltd said in a filing to the Bombay Stock Exchange. It’s consolidated total income, however, witnessed a marginally decline of 3.2 per cent at Rs 4,450.92 crore during December quarter of 2016, as compared to Rs 4,596.85 crore during the same period last year.

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