Tata Communications has reported results for fourth quarter (Q4) and year ended March 31, 2024.
Tata Communications has reported net profit at Rs 173.93 crore for the quarter under review as compared to net loss of Rs 137.78 crore for the same quarter in the previous year. Total income of the company increased by 5.73% at Rs 2,107.99 crore for Q4FY24 as compared Rs 1,993.80 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported fall of 1.57% in its net profit at Rs 321.52 crore for fourth quarter ended March 31, 2024 as compared to Rs 326.64 crore for the same quarter in the previous year. However, total income of the company increased by 24.15% at Rs 5,748.70 crore for Q4FY24 as compared Rs 4,630.45 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 4.13% fall in its net profit at Rs 638.63 crore as compared to Rs 666.15 crore for the previous year. However, total income of the company increased by 8.82% at Rs 8,415.76 crore for year under review as compared to Rs 7,733.30 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 46.16% fall in its net profit at Rs 969.58 crore as compared to Rs 1800.87 crore for the previous year. However, total income of the company increased by 16.75% at Rs 21,251.29 crore for year under review as compared to Rs 18,201.41 crore for year ended March 31, 2023.
