Tata Communications reports Rs 94.52cr net profit in Q1

Tata Communications today reported a net profit of Rs 94.52 crore for the first quarter ended June 30, 2013 on the back of good revenue growth.

The company had reported a net loss of Rs 142.86 crore in the corresponding period last year.

Total income of the company rose 9.5 per cent to Rs 4,497.98 crore for the reported quarter as compared to Rs 4,107.39 crore in the same period last year.

"We have surpassed last year's performance on all financial parameters with strong revenue and EBITDA growth which sees us continue to outpace our peers in the market," Tata Communications MD and CEO Vinod Kumar said in a filing to the BSE.

The international long distance (ILD) voice minutes carried in Q1 of FY 2014 stood at 13.9 billion, up from 13.1 billion minutes in Q1 last year.

"Global data services gross revenue maintained its growth momentum at 12 per cent with Rs 17,958 million during the reported quarter, up from Rs 15,980 million last year in Q1 FY 2013," the filing added.

Shares of the company closed at Rs 158.80 apiece, down 4.31 per cent on the BSE.

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