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Tata Communications reports 67% fall in its FY11 net profit

30 May 2011 Evaluate

Tata Communications has reported results for the year ended March 31, 2011.

The company has registered a fall of 66.85% in its net profit for the year under review at Rs 160.16 crore as compared to Rs 483.18 crore for the last year. Its total income has decreased by 6.80% at Rs 3571.19 crore for the year from Rs 3343.79 crore in previous year.

On consolidated basis, the group has reported a loss of Rs 854.19 crore as compared to a net loss of Rs 597.74 crore for the year ended March 31, 2010. Total income for the year has increased by 8.86% at 12133.08 crore as compared to Rs 11145.09 crore for the previous year.

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