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Tata Comm Q2 net up 15% at Rs 92.4 cr

PTI 02 Nov 2014, 10:24:23 AM IST

New Delhi: Tata Communications today reported a 15 per cent increase in consolidated net profit at Rs. 92.4 crore for second quarter ended September 30, 2014.

The company had reported consolidated (unaudited) net profit of Rs. 80.36 crore in the same period a year ago.

“Consolidated PAT stood at Rs. 924 million,” Tata Communications said in a statement.

Consolidated revenue of the company increased by 2.4 per cent on a year—on—year basis at Rs. 5,071.6 crore during the quarter, the statement said.

Tata Communications reported Rs. 4,952.61 crore as its consolidated income from operations in the corresponding period last fiscal.

“The composition of revenue, and by extension, the quality of our EBITDA is improving as the share of the more sustainable and lucrative, data and managed services segment grows. We continue to be focused on driving robust revenues through long-term engagements with global enterprises” Tata Communications MD and CEO, Vinod Kumar said.