MENU

Published on 17/10/2020 9:23:39 AM | Source: IANS

Tata Communications Ltd Q2 consolidated net profit surges to Rs 384 cr

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Tata Communications on Friday reported a seven-fold jump in its consolidated net profit for the quarter ended September, on a year-on-year (YoY) basis, at Rs 384.81 crore.

During the corresponding period of the last financial year, the company had reported a consolidated net profit of Rs 54.31 crore.

The income from operations of the company, rose to Rs 4,401.08 crore during the quarter under review, from Rs 4,272.76 crore earned during a year ago period.

A.S. Lakshminarayanan, MD and CEO, Tata Communications, said: "We have had a strong performance in Q2, as we continue to deepen our customer engagements and support enterprises to seamlessly embark and advance on their digital transformation journeys. Leveraging the shift to cloud-first, internet-first strategies, we are innovating across our portfolio to offer solutions that are tailored to this new digital-first world."

"We see great opportunities ahead, as organisations look to harness the power of technology to transform their business models and drive competitive differentiation and sustainable development."