Tata Telecom Q2 PBT jumps 132%

Tata Telecom Ltd, the country’s leading enterprise communication solution provider and an equal joint venture partner with US-based Avaya, announced unaudited financial results for the six months ended September 30, 2001. For Q2, Tata Telecom has achieved a profit before tax of Rs 5.70 crores compared to Rs 2.46 Cr. in the corresponding previous period, which is an outstanding increase of 132%. In HI, the company has achieved Rs. 101.36 Cr. turnover (38% growth as compared to Rs. 73.20 Cr. in the corresponding previous period) despite the economic slowdown. The profit before tax for the H-1 is Rs. 7.18 Cr., an increase of 222% over the first half of the previous year before extraordinary item (Rs. 2.23 Cr.) and the PAT is of Rs. 4.28 Cr. The aforesaid results pertain to Business Communication Division only.

Speaking on the occasion, Mr. Niru Mehta, Vice Chairman, Tata Telecom Ltd, said, "With communication technologies fast moving towards convergence, today's enterprise needs to be competitive in the global marketplace. We, at Tata Telecom are proud to be assisting leading businesses in this endeavor. Providing customised business communication solutions, coupled with our strategic partnerships, have been the key contributors to our remarkable performance this year. "I would also like to take this opportunity to congratulate the Tata Telecom team for an outstanding performance and urge them to continue this consistent effort of all round excellence."