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Tata Communications records a 1,176 per cent increase in profit for quarter ended December 2016

Finance , January 24, 2017

Tata Communications has recorded a 1,176 per cent increase in its consolidated net profit for the quarter ended December 2016.

The consolidated year-on-year net profit of the operator increased from Rs 1.10 billion during the quarter ended December 2015 to Rs 14.12 billion during the corresponding quarter in 2016.

Meanwhile, the total income from operations for the operator decreased from Rs 45.20 billion during the quarter ended December 2015 to Rs 43.60 billion during the corresponding quarter in 2016. In addition, the operator’s expenditure declined from Rs 44.33 billion to Rs 42.48 billion during the period.

 
 

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