Tata Communications’ Q1 net profit surges 21%

10 Aug 2011 Evaluate

Tata Communications has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the quarter ended June 30, 2011 rose by 20.59% at Rs 47.79 crore as compared to Rs 39.63 crore for the corresponding quarter last year. Its total income increased 7.63% at Rs 937.66 crore for the quarter under review from Rs 871.20 crore for the same quarter last year.

On consolidated basis, the Group has posted a net loss of Rs 218.23 crore as compared to a net loss of Rs 281.39 crore for the quarter ended June 30, 2010. Its total Income has increased by 13.58% at Rs 3294.33 crore for the quarter under review as compared to Rs 2900.44 crore for the similar quarter of the previous year.

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