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Tata Communications profit jumps in fiscal Q2, driven by demand for remote working, cloud adoption

Friday 16 October 2020 | 17:20 CET | News
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Tata Communications said revenues rose 3 percent year-on-year to INR 44.02 billion in its fiscal second quarter to end June, helped especially by growth at the company's data business. All segments posted growth however, with demand driven by remote working, cloud adoption and the greater use of digital applications. EBITDA jumped 38.9 percent to INR 11.58 billion, boosted also by operational efficiencies. Profit after tax jumped meanwhile by over 613 percent to INR 3.84 billion, while net debt reduced to 46.31 billion from 90.08 billion. 

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Categories: Fixed
Companies: Tata Communications
Countries: India
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