Tata Comm profit declines by 66.2% to Rs 58.5 crore for Oct-Dec quarter

Tata Communications’ net profit for October -December quarter declined by 66.2% to Rs 58.5 crore when compared to same period last year. The telecom company however registered an 8.6% growth on a sequential basis and sees its data and enterprise business as growth drivers.

“Our Data business continues to drive growth and profitability and we are witnessing strong growth in our Enterprise segment – both in India and internationally,” said A.S Lakshminarayanan, MD and CEO, Tata Communications in a company statement.