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| Exchange Disseminated Time | Tata Communications Ltd has announced the following results for the quarter ended September 30, 2014:
The Unaudited Standalone results for the Quarter ended September 30, 2014
The Company has posted a net profit of Rs. 2680.40 million for the quarter ended September 30, 2014 where as the same was at Rs. 468.00 million for the quarter ended September 30, 2013. Total Income is Rs. 14034.20 million for the quarter ended September 30, 2014 where as the same was at Rs. 13416.70 million for the quarter ended September 30, 2013.
"Consequent to the order of the Bombay High Court dated January 24, 2014, approving the Scheme of Arrangement, the transfer of the IDC division (Colocation service division of the Company) to Tata Communications Data Centers Private Limited ("TCDC") was effected from January 01, 2013 in terms of the Scheme during the quarter ended March 31,2014.
Accordingly the results for the standalone quarter and half year ended September 30, 2013 include the results of the IDC division and are not comparable with the results of the other periods."
The Consolidated Results are as follows:
The Unaudited Consolidated results for the Quarter ended September 30, 2014
The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 923.90 million for the quarter ended September 30, 2014 as compared to Rs. 803.60 million for the quarter ended September 30, 2013. Total Income has increased from Rs. 49919.50 million for the quarter ended September 30, 2013 to Rs. 52350.60 million for the quarter ended September 30, 2014. |
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