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Tulip Telecom reports 19% fall in Q4 net profit

16 May 2012 Evaluate

Enterprise data services company Tulip Telecom has reported a fall of 18.86% in net profit at Rs 67.1 crore for the quarter ended March 31, 2012 compared to Rs 82.7 crore registered in the January-March 2011 quarter. The company’s net sales, however, increased by 3.58% to Rs 638 crore in the reported quarter from Rs 661.7 crore in the same quarter last fiscal.

Tulip’s net profit for the 12 months ended March 31, 2012 rose by 1.08% at Rs 309.7 crore compared to Rs 306.4 crore in the previous fiscal. The company’s total revenues for the 12 months ended March 31, 2012 stood at Rs 2,705.1 crore, up 15.06% from Rs 2,351.1 crore in FY11.

Tulip Telecom is a data telecom service and IT solutions provider. The company offers an innovative IP based infrastructural solutions to its customers. Tulip designs, implements and manages communication networks of large enterprises on long term contracts to include enterprise communications connectivity, network integration, managed and value added services.

 

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