Corporate News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Tulip Telecom Sept. Qr. Stand-Alone Profit Drops By 79%

12/3/2012 5:21 AM ET

Enterprise data service provider Tulip Telecom Ltd. posted September quarter stand-alone net profit of Rs.18.73 crore, compared with Rs.89.33 crore for the quarter ended September 30 last year, reflecting a 79 percent decline.

Its quarterly net income stood at Rs.636.71 crore, down by nine percent from the Rs.702.90 crore in the year-ago quarter, while other income was Rs.0.44 crore, compared with a negative income of Rs.2.57 crore in the corresponding period last year.

For the fiscal year ended eighteen months, the company clocked a stand-alone net profit of Rs.433.21 crore, while it reported Rs.446.69 crore for the eighteen months ended September 30, 2011. Total income, including other income, amounted to Rs.4,062.51 crore, while it was Rs.3,386.72 core for the 18-month period ended September 30 last year.

On a consolidated basis, it reported net profit of Rs.1.37 crore for the September quarter, lower by 98 percent than the Rs.87.08 crore in the corresponding quarter last year. Total income, including other income, totaled Rs.639.63 crore, down by nine percent from the Rs.700.38 crore in July-September 2011 period.

For the fiscal year ended eighteen months, its consolidated net profit stood at Rs.427.39 crore, while it reported Rs.443.26 crore for the eighteen months ended September 30, 2011. Total income, including other income, amounted to Rs.4,065.33 crore, while it was Rs.3,387.47 core for the 18-month period ended September 30 last year.

At the BSE, Tulip Telecom closed Monday's trading at Rs.37.60, up 4.88 percent from the previous close.

Register
To receive FREE breaking news email alerts for Tulip Telecom Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus