Tata Comm Dec-qtr net profit at Rs 36.51 cr

Tata Communications today reported a consolidated net profit of Rs 36.51 crore for the quarter ended December 31, 2013, on the back of growth in its global data solutions business.
The company had reported a net loss of Rs 201.01 crore in the corresponding period last fiscal, the company said in a filing to the BSE.
Total income from operations rose 12.67 per cent to Rs 4,996 crore for the reported quarter as compared to Rs 4,434.11 crore in the same period last year.
"Our business mix is favourably trending towards a higher proportion of managed services and consumption by enterprise customers," Tata Communications MD and CEO Vinod Kumar said.

The company said growth in Q3 was mainly driven by the global data solutions business which sustained growth momentum across regions.
It added the global wholesale voice business delivered a stable performance.
"As envisaged, while voice margins have normalised during the quarter, the overall margin profile has remained robust and is being complemented by the data business delivering sustainable margins at 20 per cent," Tata Communications CFO Sanjay Baweja said.