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Tata Communications’ Q2 consolidated net profit declines by 93%

28 Oct 2015 Evaluate

Tata Communications has reported results for second quarter ended September 30, 2015.

The company has reported 47.34% fall in its net profit at Rs 141.15 crore for the quarter ended September 30, 2015 as compared to Rs 268.04 crore for the same quarter in the previous year. The company’s total income has decreased by 5.18% to Rs 1330.68 crore for the quarter under review from Rs 1403.42 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 93.48% fall in its net profit after taxes, Minority Interest and Share of Profit of Associates Rs 6.02 crore for the quarter ended September 30, 2015 as compared to Rs 92.39 crore for the same quarter in the previous year. Total income of the company has decreased by 0.49% at Rs 5209.17 crore for quarter under review as compared to Rs 5235.06 crore for the quarter ended September 30, 2014.   

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