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Tata Communications reports 13-fold jump in Q3 consolidated net profit

24 Jan 2017 Evaluate

Tata Communications has reported results for third quarter ended December 31, 2016.  

The company has reported a net profit of Rs 1482.71 crore for the quarter under review as compared to a net loss of Rs 11.58 crore for the same quarter in the previous year. Total income of the company increased by 37.68% at Rs 1482.57 crore for the quarter under review as compared Rs 1076.81 crore for the corresponding quarter previous year.    

On the consolidated basis, the company has around 13-fold jump in its net profit from total operations at Rs 1412.88 crore for the quarter ended December 31, 2016 as compared to Rs 110.74 crore for the same quarter in the previous year. However, total income of the company decreased by 3.17% to Rs 4450.92 crore for quarter under review from Rs 4596.85 crore for the quarter ended December 31, 2015. 

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