Mumbai: Tata Group’s telecommunication company Tata Communications Ltd reported 66% dip in net profit over the same period last year to ₹59 crore during the December quarter. The company reported a 1% dip in revenue growth for Q3 at ₹4,242.6 crore over the same quarter last year while sequential growth was flat. The company reported Earnings before interest, tax, depreciation and amortization (EBITDA) stood at ₹760.8 crores with margins at 18%. Capex for Q3 was reported ₹490 crore as compared to ₹454 crore in Q2FY20. The government holds 26.12% stake in Tata Communications and the company has not made provision for the DoT's demand of the ₹6,633 crore.

Source: Mint January 24, 2020 13:07 UTC