Tata Communications sees five-fold jump in net profit at Rs 309.41 crore

Digital technology firm Tata Communications posted over a five-fold jump in consolidated net profit at Rs 309.41 crore for the December 2020 quarter.

The company had registered a profit of Rs 58.85 crore in the corresponding period of the preceding fiscal.

Its income from operations was almost flat at Rs 4,222.83 crore during the reported quarter from Rs 4,228.27 crore in the year-ago period, it said in a BSE filing.

In a statement, Tata Communications said the consolidated PAT (Profit after tax) had grown 428 per cent y-o-y (Year-over-year) to Rs 309 crore (USD 42 million).

Growth in data business income compensated for the decrease in the voice business, it added.