Reverse decision on tax demands by the Income Tax Appellate Tribunal has contributed to Tata Communication's boosted net profits, which registered at Rs 2,818 million for the quarter ended December 2009, almost 27 times more profit than reported for September 2009 and up 242.86 percent YoY. Profit before tax was Rs 10.5 million. Details: Financials Revenue Falls 23%, Costs Down Revenue from enterprise and carrier data contributed Rs 3267.70 million , 42.45 percent of the total revenue for Tata Communications for the quarter. Revenue have decreased 22.98 percent to Rs 7697.5 million for the quarter ended December 2009 from Rs 9994.8 million reported for the same quarter of the previous fiscal. Revenues were up marginally 1.39 percent QoQ. The company has cut down 29.96 percent and 6.41 percent YoY and QoQ on its network costs respectively. Network cost for the…
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