Tata Communications jumps despite reporting 11% fall in Q4 consolidated net profit
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Tata Communications is currently trading at Rs. 1215.25, up by 21.55 points or 1.81% from its previous closing of Rs. 1193.70 on the BSE.
The scrip opened at Rs. 1175.00 and has touched a high and low of Rs. 1223.75 and Rs. 1175.00 respectively. So far 42018 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1429.95 on 12-Jan-2023 and a 52 week low of Rs. 856.00 on 15-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1263.35 and Rs. 1175.00 respectively. The current market cap of the company is Rs. 34574.78 crore.
The promoters holding in the company stood at 58.86%, while Institutions and Non-Institutions held 31.02% and 10.11% respectively.
Tata Communications has reported results for fourth quarter (Q4) and year ended March 31, 2023.
Tata Communications has reported net loss of Rs 137.78 crore for the quarter under review as against net profit of Rs 356.50 crore for the same quarter in the previous year. Total income of the company decreased by 1.49% at Rs 1,993.80 crore for Q4FY23 as compared to Rs 2,024.01 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported fall of 11.40% in its net profit at Rs 326.64 crore for fourth quarter ended March 31, 2023 as compared to Rs 368.67 crore for the same quarter in the previous year. However, total income of the company increased by 2.30% at Rs 4,630.45 crore for Q4FY23 as compared to Rs 4,526.55 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported fall of 42.93% in its net profit at Rs 666.15 crore as compared to Rs 1,167.32 crore for the previous year. However, total income of the company increased by 8.22% at Rs 7,733.30 crore for year under review as compared to Rs 7,145.84 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 21.30% rise in its net profit at Rs 1,800.87 crore as compared to Rs 1,484.67 crore for the previous year. Total income of the company increased by 6.71% at Rs 18,201.41 crore for year under review as compared to Rs 17,056.82 crore for year ended March 31, 2022.
