Tata Communications Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 23, 2017 at 10:26 am
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Tata Communications Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company reported revenue from operations of INR 13,186.2 million against INR 12,082.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,167.6 million against INR 1,027.4 million a year ago. Profit from ordinary activities before tax was INR 19,802.2 million against loss from ordinary activities before tax of INR 365.8 million a year ago. Net profit for the period was INR 14,827.1 million or INR 52.02 basic and diluted per share against net loss for the period of INR 115.8 million or INR 0.41 basic and diluted per share a year ago.
For the nine months, on standalone basis, the company reported revenue from operations of INR 37,876.6 million against INR 35,179.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,733.3 million against INR 3,099.3 million a year ago. Profit from ordinary activities before tax was INR 26,537.4 million against INR 4,466.2 million a year ago. Net profit for the period was INR 19,546.9 million or INR 68.59 basic and diluted per share against INR 3,057.5 million or INR 10.73 basic and diluted per share a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 43,600.5 million against INR 45,200.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,014.0 million against INR 869.7 million a year ago. Profit from ordinary activities before tax was INR 923.5 million against INR 585.1 million a year ago. Net profit for the period was INR 0.9 million or INR 49.57 basic and diluted per share against INR 831.3 million or INR 3.89 basic and diluted per share a year ago. Basic and diluted per share from continuing operations was INR 0.03 against INR 2.90 a year ago.
For the nine months, on consolidated basis, the company reported revenue from operations of INR 133,260.0 million against INR 134,792.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,054.5 million against INR 3,588.1 million a year ago. Profit from ordinary activities before tax was INR 4,754.2 million against INR 3,106.8 million a year ago. Net profit for the period was INR 2,198.8 million or INR 52.44 basic and diluted per share against INR 1,541.8 million or INR 9.34 basic and diluted per share a year ago. Basic and diluted per share from continuing operations was INR 7.70 against INR 5.37 a year ago. EBITDA stood at INR 24,530 million. Even after accounting for interest and tax expense, the company generated positive free cash flow of INR 4,580 million.
Tata Communications Limited is an India-based company, which is a global digital ecosystem enabler. It offers digital transformation of enterprises globally. The Companyâs segments include Voice Solutions, Data Services, Payment Solutions, Transformation Services, Real Estate and Campaign Registry. The Voice Solutions segment includes international and national long distance voice services. The Data Services segment includes core and Nextgen connectivity services, digital platforms and connected services. The Payment Solutions segment includes end-to-end automated teller machine (ATM) deployment, end-to-end point of sale (POS) enablement, hosted core banking, end to end financial inclusion and card issuance and related managed services and switching services to the banking sector. The Transformation Services segment includes the business of providing telecommunication network management and support services. The Real Estate segment includes lease rentals for premises given on lease.
Tata Communications Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016