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Tata Communications trades lower on reporting fall in Q3 consolidated net profit
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Tata Communications is currently trading at Rs. 1326.20, down by 56.70 points or 4.10% from its previous closing of Rs. 1382.90 on the BSE.
The scrip opened at Rs. 1373.70 and has touched a high and low of Rs. 1373.70 and Rs. 1317.00 respectively. So far 36432 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. 1404.90 and Rs. 1317.00 respectively. The current market cap of the company is Rs. 37793.85 crore.
The promoters holding in the company stood at 58.86%, while Institutions and Non-Institutions held 31.21% and 9.93% respectively.
Tata Communications has reported results for third quarter ended December 31, 2022.
The company has reported fall of 7.34% in its net profit at Rs 208.95 crore for Q3FY23 as compared to Rs 225.51 crore for the corresponding quarter previous year. However, total income of the company increased by 12.54% to Rs 1,918.86 crore for the quarter under review as compared to Rs 1,705.01 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported fall of 0.64% in its net profit at Rs 395.15 crore for Q3FY23 as compared to Rs 392.65 crore for the same quarter in the previous year. However, total income of the company increased by 8.45% to Rs 4,559.09 crore for the quarter under review as compared to Rs 4,203.69 crore for the same quarter in the previous year.
