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Tata Communications Q3 profit tumbles 88.6% on-year to Rs 44.81 crore despite revenue rise of 24.4% financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Get latest articles and stories on Latest News at LatestLY. Tata Communications on Thursday reported an 88.6 per cent drop in its third-quarter net profit to Rs 44.81 crore. Latest News | Tata Communications Q3 Profit Tumbles 88.6%.
The fall in net profit of Tata Communications comes even as revenue from operations saw a 10% jump on year at Rs 4872.5 crore in the September quarter of this fiscal as compared to Rs 4430.74 crore in the second quarter of FY23. Revenue growth was driven by Tata Communications data business growth, which came in at Rs 3, 995 crore, up 14.1% from the previous year.