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Tata Comm reports Rs 260Cr loss in Q4 FY17 after data business posts losses

Tata Communications has reported a consolidated net loss of Rs 260.81 crore for the quarter ended March 2017 (Q4 FY17), which is down significantly from Rs 1412.8 crore profit that the company made in the previous quarter. On a year on year basis, losses increased marginally from Rs 256.9 crore in Q3FY16. Tata Communications had reported profits in the previous quarter widened due to an “exceptional one-time gain” after it sold a majority stake in its Africa ISP Neotel for $428 million. The company’s consolidated total income stood at Rs 4394.88 crore during Q4 FY17, down marginally from Rs 4450.92 crore in the previous quarter. On a Yea-on-Year (YoY) basis, Tata Comm’s overall income reduced by 8% from Rs 4753.49 crore in Q3 FY16. Tata’s communication business involves services like managed networks, voice services, cloud and storage hosting, unified communications, and owns data centres in many countries. It categorizes its offerings mainly into two segments: Data and Voice. Segmented revenues Revenue from data services accounted for more than half of the company’s income which stood at Rs 2682.44 crore during Q4 FY17, up 7.2% YoY from Rs 2500.3 crore in the previous quarter. Voice segment revenues stood at Rs 1510.87 crore in the same quarter, down 23.4% YoY from Rs 2009.3 crore. Note that the company said it made more revenue selling its data services to enterprise customers than as a data service provider to non-enterprise customers. The company also added that around 52% of its total data business income came from India during…

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