Tata Communications Q2 net dips 63% at Rs32.64 cr

Tata Communications Q2 net dips 63% at Rs32.64 cr
PTI
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First Published: Sat, Oct 25 2008. 10 58 PM IST
Updated: Sat, Oct 25 2008. 10 58 PM IST
Mumbai: Ratan Tata-led Tata Communications, which was formerly known as Videsh Sanchar Nigam Limited, Saturday said its net profit for the second quarter ended 30 September fell by 62.77% at Rs32.64 crore over the corresponding period a year ago.
The company had a net profit of Rs87.69 crore for the September quarter last fiscal, Tata Communications Ltd said in a filing to the Bombay Stock Exchange.
Total income rose to Rs1,028.08 crore for the quarter under review from Rs836.24 crore for the September quarter previous year.
While, for the six months ended 30 September, 2008, the Tata Group firm posted a net profit of Rs130.97 crore, a 39.73%decline compared with Rs217.34 crore for the same period last year.
Shares of the company fell by 15.69%on Friday and closed at Rs364.35 on the BSE.
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First Published: Sat, Oct 25 2008. 10 58 PM IST