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May 22, 2012, 06.46 PM IST
Tata Communications' fourth quarter consolidated net loss widened 67% year-on-year to Rs 261 crore as network expenses and finance costs rose.
Tata Communications ' fourth quarter consolidated net loss widened 67% year-on-year to Rs 261 crore as network expenses and finance costs rose.
Its revenue for the Jan-March quarter was up 29% to Rs 3,961 crore.
Tata Communications, which operates one of the largest submarine cable network, said network costs in the quarter were up 21% to Rs 2,161 crore. Its employee benefits expense rose 51% to Rs 629 crore and other expenses were up 36% to Rs 686 crore.
Expenses apart, the company's other income declined to Rs 54 crore from Rs 77 crore in the fourth quarter and finance costs rose to Rs 186 crore from Rs 107 crore in the fourth quarter.
Tata Communications' consolidated loss from operations before other income, finance costs and taxes was Rs 7.5 crore, compared with Rs 37 crore in the year ago quarter.
Tata Communications shares were up 1.1% at Rs 204.40 on NSE in morning trade on Tuesday.
May 21 2013, 13:56
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