Tata Communications revenues at Rs 843 crores, EBITDA up 10%

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Published on July 25, 2009 with No Comments

logo-tata_communications2009Tata Communications Limited reported its stand-alone unaudited results under India GAAP for the quarter ended June 30, 2009. Standalone revenues were at Rs 843 crores for the quarter as against Rs 871 crores for the quarter ended June 30, 2008. The company’s operating profit (EBIDTA) was up 10% at Rs 218 crores for the quarter ended June 30, 2009 as against Rs 199 crores for the corresponding quarter in the previous financial year. Operating profit margin improved by about 300 bps to 26% aided by strong cost control measures. Net profits were at Rs 32 crores for the quarter ended June 30, 2009 as against Rs 98 crores for the corresponding quarter in the previous financial year.

During the quarter, the company continued its focus on Emerging Markets with specialized offerings in connectivity and managed services; the company announced partnerships with QTel in the Middle East region and RTComm in Russia to deliver global connectivity services. It has also announced its participation in the $600-million new West African Cable System, which once completed, would further boost Tata Communications’ global reach and enhance the company’s investments in the African region. Tata Communications entered into a global strategic voice services agreement with BT. Through the five-year agreement, Tata Communications will become BT’s primary supplier of International Direct Dial (IDD) and other voice termination services outside BT’s own footprint countries. Tata Communications has partnered with Starwood Hotels to roll out public Telepresence rooms worldwide, with ten rooms scheduled to be launched during 2009.

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