Tata Comm Q4 net profit dips 63%

News Flash

Meet to discuss the demand supply situation: Sources
Meet to discuss situation post Jan output cut: Sources
Meet to take stock of US leadership, eco policy: Srcs
Non-members participating in the meeting: Sources
India too likely to send representative for meet: Srcs
Emergency OPEC meeting to take place in Kuwait
Emergency OPEC meeting to take place in February
Don't expect RBI to put cap on reverse repo: NW
No rationale behind RBI cap on reverse repo: NW
Sensex closes up 60 pts; Nifty lower by 8 pts
Ambuja Cements up 9%, Grasim up 8%, M&M up 7.4%
ACC up 7%, Satyam up 7%, HDFC Bank up 5.3%
BSE Advances at 47.74%, Declines at 48.77%
Sensex closes up 101 pts; Nifty closes flat
Saregama India gets into big budget film production: Srcs
Saregama movies budget > Rs.40cr each: Sources
10% revs from radio rights, public performances: Srcs
Saregama's 40% revs from physical sales of music: Srcs
Saregama's 50% revs from digital music: Sources
Signs Apoorva Lakhia and Sanjay Leela Bhansali
Tied up for gas from KG basin as well: IGL
To start online CNG supply in Noida within this month
To set-up 50 new CNG stations by mid-2010
Will look to tap entire NCR area for gas distribution
Drop in ARPUs will not necessarily hit profitability
Remain interested in global acquisitions : Akhil Gupta
No 'desperation' to get into 3G if bid prices irrational
Drop in realty rentals to help enhance retail presence
All units currently operating at 100% utilisation
Goldman cuts China GDP forecast to 6%

Updated: 17/06/2008 | 07:03 PM IST

Top Stories

Press Trust of India

Tuesday, June 17, 2008 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

Tata Communications (formerly known as VSNL) on Tuesday posted a net profit of Rs 58.86 crore for the quarter ended March 31, down 63 per cent as compared to a year earlier.

The company had reported a net profit of Rs 159.5 crore for the fourth quarter ended March 31, 2007.

Total income has also decreased to Rs 885.45 crore for the quarter ended March 31 as against Rs 1,122.93 crore in the year-ago period, the company informed the Bombay Stock Exchange.

For the year ended March 31, the company reported a net profit of Rs 304.46 crore down 40.9 per cent as compared to Rs 515.3 crore last year.

Total income also decreased to Rs 3,449.34 crore for the year ended March 31 from Rs 3,935.51 crore a year ago.

Besides, the group posted a consolidated net profit of Rs 10.3 crore for the FY 2007-08 as against Rs 15.4 crore in the previous year.

The total income of the group dropped to Rs 8,526.53 crore in FY 2007-08 as against Rs 8,849.46 crore a year ago.