Tata Comm Q2 net profit plunges 58% to Rs 221 cr

New Delhi: Tata Communications on Thursday reported a 58 per cent decline in its consolidated profit after tax to Rs 221.26 crore for the second quarter ended September 30.

The company had posted a profit after tax of Rs 534.26 crore a year ago.

Its consolidated income from operations grew by about 10 per cent to Rs 4872.5 crore during the reported quarter from Rs 4,430.74 crore in the September 2022 quarter.

The company’s data business revenue grew 14.4 per cent on a year-on-year basis to Rs 3,995 crore.