Tata Communications: Tata Communications reported a 65% decline in profit to ₹263 crore in the March quarter. However, the company announced a dividend of ₹17.50 per share to investors.
Tata Communications reports mixed performance
Tata Communications Q4 Results: Many companies are releasing their quarterly results in the stock market. In this series, Tata Communications has announced its March quarter results. The company's performance has been mixed. Its consolidated net profit has declined to ₹263 crore, compared to ₹761 crore in the same period last year, representing a decline of approximately 65.44 percent.
Rising expenses are being cited as the reason for this decline. However, strong growth in digital and data services has led to an increase in the company's earnings.
Financial performance of the company
1. The company's quarterly figures show a decline in profits. Net profit fell by nearly 28% compared to ₹364.28 crore in the December quarter. However, operating income increased during the same period, reaching ₹6,554 crore from ₹5,990 crore previously.
2. Data services contributed the most to the company's total revenue. Revenue from this segment increased to ₹5,704 crore (₹5,121.55 crore) from ₹5,121.55 crore (₹5121.55 crore) in the same period last year.
3. The voice solutions segment also saw a slight improvement, with revenues rising to ₹387.56 crore (₹387.56 crore) compared to ₹374.12 crore (₹374.12 crore) last year.
Full-year performance was mixed.
Looking at the full-year performance, the company's net profit was ₹1,044 crore, a decline of 35.8 percent compared to the previous year. Revenue increased to ₹24,803 crore.
Compared to FY25, this represents a growth of approximately 7.3 percent. Clearly, the company's earnings have increased, but profitability remains under pressure.
The company gave the gift of dividend.
1. Along with the March quarter results, the company has declared a final dividend of Rs 17.50 per share for investors, with the face value of each share being Rs 10.
2. The company's board of directors has recommended this dividend, which will be paid to eligible shareholders after approval at the AGM.
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