Tata Communications share price suffered over 4 percent erosion on January 24 after the company’s earnings disappointed the Street.
At 11:47am, shares of the communications company were trading at Rs 1329.95, down 3.8 percent, on the BSE.
The company posted a consolidated net profit of about Rs 394 crore for the quarter ended December. It had reported a profit of Rs 532.29 crore in the previous quarter and Rs 395.21 crore a year ago.
Its income from operations for the reporting quarter increased to Rs 4,528.34 crore from last year’s Rs 4,184.89 crore. In the September quarter, the company had reported a profit of Rs 4,430.74 crore.