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Tata Communications reports 17-fold jump in Q3 consolidated net profit

31 Jan 2019 Evaluate

Tata Communications has reported results for third quarter ended December 31, 2018.

The company has reported a fall of 49.97% in its net profit at Rs 61.07 crore for the quarter under review as compared to Rs 122.06 crore for the same quarter in the previous year. However, total income of the company increased by 4.86% at Rs 1,429.47 crore for Q3FY19 as compared Rs 1,363.24 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 17-fold jump in its net profit at Rs 173.29 crore for the quarter under review as compared to Rs 10.12 crore for the same quarter in the previous year. Total income of the company increased by 2.39% at Rs 4,288.65 crore for Q3FY19 as compared Rs 4,188.65 crore for the corresponding quarter previous year.

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