Comments
Tata Communications on Wednesday posted an increase of 83.63 per cent in consolidated profit to ₹543.76 crore in the June quarter.
The company had reported a profit of ₹296.11 crore in the same period a year ago, it said in a regulatory filing.
“We delivered profitable data revenue growth as a result of disciplined execution, portfolio enhancements, and deeper customer engagements. We continue to closely monitor and overcome the OEM and Supply Chain challenges.”
"We are pleased with the healthy growth in the order booking and funnel additions across our portfolio, both in India and international markets," Tata Communications Managing Director and CEO, A S Lakshminarayanan said in a statement.
The consolidated income of Tata Communications grew by 5 per cent to ₹4,310.52 crore during the reported quarter from ₹4,102.79 crore.
"We continue to maintain our focus on operational efficiencies and balance sheet hygiene which is reflected in our profitability and cash flow. We are pleased to see a strong impact of our finance strategy in the company's performance," Tata Communications Chief Financial Officer, Kabir Ahmed Shakir said.
Data Services segment continues to be the biggest contributor to the company's business with revenue of ₹3,353.44 crore followed by voice solution, which contributed ₹561.4 crore and transformation service of ₹345.29 crore.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.