Latest News | Tata Communications' Profit After Tax Jumps over 3-fold to Rs 258 Cr in Jun Quarter

New Delhi, Jul 30 (PTI) Tata Communications on Thursday posted over threefold jump in its consolidated profit after tax to Rs 258 crore in the first quarter ended June 30, on the back of jump in data business.

The company had registered a profit of Rs 77 crore in the corresponding period of the previous year.

Also Read | OnePlus 8T Spotted on Geekbench With Android 11 & 8GB RAM.

"Due to lockdown and remote working, we are witnessing increased bandwidth usage and higher collaboration traffic. Enterprises have upgraded their capacities and are consuming more data to support this work model," Tata Communications said in a statement.

Tata Communications Chief Financial Officer Pratibha K Advani said the company's data portfolio recorded a double-digit growth of 10 per cent y-o-y with a robust margin expansion of 460 basis points.

Also Read | Jeep Compass Night Eagle Limited Edition SUV Launched, Priced in India at Rs. 20.14 Lakh.

Its India enterprise business grew 6.7 per cent year-on-year (y-o-y) and the international enterprise business rose 8.3 per cent y-o-y on the back of strong demand which led to an increase in both revenue and profitability, the statement said.

The firm's consolidated income from operations rose 5.6 per cent to Rs 4,403 crore during the quarter, from Rs 4,168.62 crore a year ago.

"We have started this new financial year with strong performance amid an uncertain and unpredictable economic environment. Digital technology is increasingly defining and shaping the experiences in this new world," Tata Communications MD and CEO A S Lakshminarayanan said in a statement.

He added that it will become even more strategically core as businesses look to adopt new ways of working and transform how they operate. PTI PRS HRS 07302240 NNNNrried,” Tuchel said after the game.

“It's our third match against Saint-Étienne and the third red card they've received in the first 30 minutes. It's not because they're tired.” Atalanta coach Gian Piero Gasperini also wished Mbappé well.

“I sincerely hope it's not too serious, even if for the moment it appears to be so,” Gasperini said. “Mbappé is a fantastic player, world class.”

PSG can complete a domestic treble if it beats Lyon in the League Cup final on Friday. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)