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Tata Communications shares fall 2% after Q2 net profit declines 58%

The company s net profit fell by 58% YoY to Rs221.3 crore, with expenses increasing by 16% to Rs4,600 crore, mainly due to network and transmission costs ....

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tata communications q2 results: Tata Communications Q2 Results: Net profit plummets 57% YoY to Rs 221.26 crore

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. ....

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