Tata's net profit soars 203%

Telecom Asia Staff
30 Jan 2009

Global bandwidth provider Tata Communications tripled its net profit last quarter, thanks to strong growth in voice and data.

The company netted 810 million rupees ($16.56 million) for the quarter, a 203% year-on-year increase. Revenue increased 17% year-on-year to reach $202.4 million.

'The company´s performance has continued to be strong despite a challenging business environment," said Tata CEO Srinath Narasimhan.

For the first nine months of the financial year, Tata recorded an EBITDA of $131.6 million on revenue of $580 million.

The company saw an upsurge in both voice and data. Voice traffic grew by around 20% to 26 billion minutes. Tata's voice business took in around $46.8 million during the period - a 73% increase. Data revenue grew 23% year-on-year.

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