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Tata Communications has reported results for first quarter ended June 30, 2014.
The company’s net profit has declined by 45.77% at Rs 125.65 crore as compared to Rs 231.71 crore for the quarter ended June 30, 2013. Its total income has decreased marginally by 1.51% to Rs 1186.86 crore for the quarter under review from Rs 1205.11 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported a net loss of Rs 21.38 crore for the quarter as compared to a net profit of Rs 94.52 crore for the same quarter in the previous year. However, total income has increased by 14.40% at Rs 5175.99 crore for quarter under review as compared to Rs 4524.34 crore for the quarter ended June 30, 2013
The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 19.55% and 5.46% respectively.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 412.00 on 07-Jul-2014 and a 52 week low of Rs 136.90 on 05-Aug-2013.
Last one week high and low of the scrip stood at Rs 384.60 and Rs 357.00 respectively. The current market cap of the company is Rs 10532.18 crore.
Tata Communications is currently trading at Rs 370.30, down by 8.10 points or 2.14% from its previous closing of Rs 378.40 on the BSE.
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