*Tata Communications*, a leading long distance telecom player, reported a phenomenal rise in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 8.50 times to Rs 809.50 million from Rs 95.20 million in the same quarter last year.
Net sales declined marginally 4.85% to Rs 9,902 million, while total income for the quarter fell 8.15% to Rs 10,227.30 million, when compared with the prior year period. The company reported earnings of Rs 2.84 a share during the quarter, registering 8.61 times growth over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 9,902.40 10,407.40 (4.85) *Net Profit* 809.50 95.20 750.32 *Basic EPS* 2.84 0.33 760.61 During the quarter, the operating margin of the company rose by 1,847 basis points to 23.28% compared with the previous year period. Interest cost increased 4.88 times to Rs 344.20 million while depreciation cost rose 6.29% to Rs 1,083.50 million over previous year period. ``The company`s performance has continued to improve despite a challenging business environment. We are confident that our global communications infrastructure and services capabilities would play a major role in helping customers manage the uncertain economic situation. We remain committed to our long term strategy of creating a new world of communications around our emerging markets strengths and managed services offerings,`` said N Srinath, MD and CEO, of Tata Communications while commenting on the result. During the quarter the company announced the launch of its MPLS VPN services in Malaysia, Thailand, Philippines and Taiwan. The company introduced the Virtualized Unified Threat Management (VUTM) service in India. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
