wordpress blog stats
Connect with us

Hi, what are you looking for?

Q4-09: Tata Comm To Focus On WiMAX; Profits At Rs. 3.16B, EBITDA Up 53%

Tata Communications' net profit has risen to Rs. 3,158 million from last year's net profit of Rs. 103 million after it sold its shares in sister firm Tata Teleservices. Net sales have risen by 20.6% to Rs. 99,631.7 million, up from Rs. 82,629.8 million in FY 08 and consolidated EBITDA rose by 53.4% to Rs. 13,500 million. Earnings per share are also up from Rs. 0.36 to Rs. 11.8. Standalone operating income has dropped by 10.4% to Rs. 8,869.3 million from Q3, and by 4.3% from Q4 08 to Rs. Expenses have halved to Rs. 3,623.3 million this quarter.  Net profit rose by 2.7% from Q3 to Rs. 3,023.7 million. Its global voice segment revenues rose 9% to Rs. 13,850 million from Q4 08 while data segment saw a 25% rise from Rs. 8290 million to Rs. 10,370 million. Details: Release | Consolidated Financials | Quarterly Financials Tata Communications sold a total of 36,542,378 shares in sister company Tata Teleservices Ltd to NTT DoCoMo for Rs. 4,242.2 million at a profit of Rs.3,466.5 million. The board has agreed to a dividend of Rs 4.50 per equity share. Going forward, it has set a goal of 15% compounded annual growth rate (CAGR) in organic sales till FY 2012 and expects to keep a 20% EBITDA margin. It will also focus on emerging markets - India, Asia and China, South Africa Data & Voice Segments Voice, which contributes to 58% of gross revenue but 28% of net revenues for the company, experienced…

Please subscribe/login to read the full story.
Written By

http://www.linkedin.com/in/preethij

Free Reads

News

Tata Restart website was using the trademark of Tata Sons and the image of Ratan Tata.

News

The hackers used the fake Facebook ads to target people based in European countries, specially male users, said the report

News

GPT-4 Turbo with Vision builds upon the foundation of the GPT-4 model, integrating the enhanced token outputs introduced in the Turbo model, and now...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ