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Tata Communications reported 15 per cent rise in net profit due to higher other income in the second quarter FY2015 in comparison to the same period last year.
Net profit rose to Rs 92 crore in second quarter of this fiscal from Rs 80 crore in second quarter last year.
Revenue was up 2.4 percent to Rs 5071 crore but earning before interest tax depreciation and amortisation was down 9.3 percent due to a rise in expenses.
Profit was led due to four time rise in other income. Other income rose from Rs 39 crore in Q2 FY 2014 to Rs 163 crore in second quarter this fiscal. The company said that data continued to be the growth driver and enterprise segment solutions also showed significant growth. Data business achieved 20 percent EBITDA margin and core business continues to be firmly PBT positive, the company said.
Vinod Kumar, MD and CEO, Tata Communications, says, “Enterprises across geographies are beginning to harness the digital transformation to power their growth trajectories. They are expanding and restructuring their portfolios and service offerings while looking to scale globally.
Capitalising on this positive trend in the information communication technology space, we’ve developed some compelling cloud enablement offerings, all of which, positions us well for future growth..''
