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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…

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