Tata Communications ' fourth quarter consolidated net
loss widened 67% year-on-year to Rs 261 crore as network expenses and finance
costs rose.
Its revenue for the Jan-March quarter was up 29% to Rs 3,961
crore.
Tata Communications, which operates one of the largest
submarine cable network, said network costs in the quarter were up 21% to Rs
2,161 crore. Its employee benefits expense rose 51% to Rs 629 crore and other
expenses were up 36% to Rs 686 crore.
Expenses apart, the company's other income declined to Rs 54
crore from Rs 77 crore in the fourth quarter and finance costs rose to Rs 186
crore from Rs 107 crore in the fourth quarter.
Tata Communications' consolidated loss from operations
before other income, finance costs and taxes was Rs 7.5 crore, compared with Rs
37 crore in the year ago quarter.
Tata Communications shares were up 1.1% at Rs 204.40 on NSE
in morning trade on Tuesday.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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