Mumbai: Consolidated loss of Tata Communications widened to Rs 273.2 crore in the quarter to September against Rs 165.2 crore net loss in the same period a year ago. (Agencies)
Revenue for the reporting quarter stood at Rs 4,271 crore, a 27 per cent growth over Rs 3,373.61 crore posted a year ago, a company release said.
Tata Communications' global voice services (GVS) continued to post an increase in revenues and carried a total of 15.3 billion voice minutes during the quarter as compared to 13.1 billion minutes in the same quarter last year, it said.
Besides, global data services (GDS) posted a revenue growth of 25 per cent to Rs 1,670.3 crore from Rs 1,332.1 crore a year ago.
"We have sustained top-line momentum in an environment that has continued to be challenging, globally. The size and scale of our core business has been growing consistently, benefitting from a combination of our investments in global infrastructure and our innovative approach to clients' needs across business lines and geographies," Tata Communications Managing Director and Chief Executive Vinod Kumar said.
He said the company's efforts to drive sales at its subsidiary Neotel are bearing results, while the initiatives at streamlining operations have fundamentally strengthened the business and ability to deliver strong results.
The company's core business revenues jumped 30 per cent to Rs 3,784 crore from Rs 2,907.9 crore last year.
Revenue from start-up businesses, comprising primarily of Neotel, grew 5 per cent to Rs 487 crore, up from Rs 465.7 crore in the year-ago period, the release said.
Mumbai: Consolidated loss of Tata Communications widened to Rs 273.2 crore in the quarter to September against Rs 165.2 crore net loss in the same period a year ago.