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Tata Comm's Q2 consolidated net profit surges to Rs 384 cr
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SME Times News Bureau | 17 Oct, 2020
Tata Communications on Friday
reported a seven-fold jump in its consolidated net profit for the
quarter ended September, on a year-on-year (YoY) basis, at Rs 384.81
crore.
During the corresponding period of the last financial
year, the company had reported a consolidated net profit of Rs 54.31
crore.
The income from operations of the company, rose to Rs
4,401.08 crore during the quarter under review, from Rs 4,272.76 crore
earned during a year ago period.
A.S. Lakshminarayanan, MD and
CEO, Tata Communications, said: "We have had a strong performance in Q2,
as we continue to deepen our customer engagements and support
enterprises to seamlessly embark and advance on their digital
transformation journeys. Leveraging the shift to cloud-first,
internet-first strategies, we are innovating across our portfolio to
offer solutions that are tailored to this new digital-first world."
"We
see great opportunities ahead, as organisations look to harness the
power of technology to transform their business models and drive
competitive differentiation and sustainable development."
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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84.35
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82.60 |
UK Pound
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106.35
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102.90 |
Euro
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92.50
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89.35 |
Japanese
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53.40 |
As on 12 Oct, 2024 |
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