Shares of a leading global communications technology player and a part of Tata Group are in focus on Wednesday, after reporting financial results for Q3 FY25 with a rise in net profit by around 3.8 percent QoQ and 424 percent YoY.
With a market cap of Rs. 47,238.8 crores, the shares of Tata Communications Limited surged nearly 0.3 percent to hit an intraday high at Rs. 1,702, as compared to its previous closing price of Rs. 1,697.3.
What’s the news
The fluctuations in the share prices were observed after Tata Communications Limited announced the financial results for Q3 FY25, through the recent filings with the stock exchanges.
For Q3 FY25, Tata Communications reported revenue from operations of Rs. 5,798.07 crores, registering a marginal growth of around 1.2 percent QoQ from Rs. 5,727.85 crores in Q2 FY25, and an increase of about 3.8 percent YoY from Rs. 5,587.8 crores in Q3 FY24.
The company’s net profit for Q3 FY25 grew to Rs. 236.08 crores, representing a marginal rise of around 3.8 percent QoQ from Rs. 227.3 crores in Q2 FY25, as well as an impressive year-on-year increase of nearly 424 percent from Rs. 45.05 crores in Q3 FY24.
Stock Performance
The stock has delivered negative returns of nearly 6.3 percent of returns in one year, as well as around 6.3 percent returns in the last six months. Meanwhile, the shares of Tata Communications have fallen by around 2.2 percent in the last one month.
About the company
Incorporated in 1986, Tata Communications Limited offers international and national voice and data transmission services, selling and leasing of bandwidth on undersea cable systems, internet connectivity services and other value-added services comprising telepresence, managed hosting, mobile global roaming and signalling services, transponder lease, television uplinking and other related services.
Written by Shivani Singh
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