Not so rosy picture for Tata Communications; Q2 net profit declines 93%
Tata Communications has recorded a 93.24% decline in its net profit to Rs 62.70 million for the quarter ended September 2015, from Rs 927.50 million in the same quarter last fiscal. The consolidated revenue stood at Rs 51,301 million, up 1.2% Y-o-Y (USD 790 million), while the EBITDA was recorded at Rs 7,720 million (USD 119 million), up 1.8% Y-o-Y. At the same time, Q2 FY16 core business revenues increased by... Read More