Tulip Telecom Q3 net leaps 42%

Tulip Telecom Ltd has reported a 42 per cent increase in net profit to Rs 81. 7 crore during the third quarter ended December 31 compared with Rs 57.4 crore in the corresponding quarter last year. The company posted revenues of Rs 602.2 crore against Rs 500.9 crore, an increase of 20.2 per cent. In a statement, Mr Lt Col HS Bedi, Chairman and Managing Director, Tulip Telecom Ltd, said, “In line with the vision of the company, there has been a strong shift towards the fibre and services business. Accordingly there is a major focus on high volume sales in MPLS VPN, Internet wholesale business and International Long distance. This is a true reflection of the changing and growing business of Tulip Telecom.”