Tata Comm Q4 loss widens to Rs 275 crore on statutory dues provisioning

New Delhi: Tata Communications on Saturday reported widening of consolidated losses at about Rs 275 crore for the fourth quarter ended March 31, mainly due to provisioning for statutory dues. It had registered net loss of Rs 199 crore in the year-ago period

The quarter’s loss was due to a provision of Rs 342 crore towards additional license fees liability, the company said.

The income from operations for the just ended quarter came in at nearly Rs 4,398 crore, up 3.6 per cent year-on-year helped by strong performance in the data business.