Tata Comm Q4 net up over five-fold at Rs 302cr

Tata Communications today posted an over five-fold rise in its net profit at Rs 302.37 crore in the fourth quarter ended March 31, 2009, over the same period last year.

The company had a net profit of Rs 56.03 crore during the same quarter last year, the communication service provider said in a filing to the Bombay Stock Exchange.

Revenue from telecom services rose to Rs 886.93 crore in the quarter under review from Rs 855.53 crore in the same period previous year.

For the year ended March 31, 2009, net profit rose to Rs 515.95 crore from Rs 304.90 crore in the previous year.

Revenue from telecom services increased to Rs 3,749.43 crore in the year under review from Rs 3,312.39 crore last fiscal.

The company's consolidated net profit rose to Rs 315.80 crore in 12-month period ended March 31, 2009, from Rs 10.30 crore in the previous year.

Consolidated revenue from telecom services rose to Rs 9,963.17 crore in the year under review from Rs 8,297.41 crore last fiscal.

The board of directors recommended a dividend of Rs 4.50 per equity share of Rs 10 each for the financial year 2008-09.

Shares of the company closed at Rs 545.70, down 6.64 per cent from the previous close on the BSE.