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Tulip Telecom net up 88% at Rs 187 crore

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BS Reporter Mumbai

The company's net sales stood at Rs 1,242 crore for the year against Rs 844.92 crore in the previous fiscal, registering an increase of 47 per cent over the previous fiscal. It posted a basic EPS of Rs 64.52, up 93 per cent over the previous year.

The leadership position and strong growth in the MPLS/IP VPN business has led to a stronger EBITDA margin of 21.68 per cent and a stronger net profit margin of 15.11 per cent. The company has proposed a dividend of 20 per cent.

 

The growth in performance was largely attributed to the phenomenal increase in the countrywide network coverage to more than 1200 locations in the country from 800 in the previous year.

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First Published: Jun 26 2008 | 5:07 PM IST

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