Tulip announces Q1 FY 2012 results

Tulip Telecom has posted revenues of Rs. 653.9 cr and a net profit of Rs. 77.1 cr, for the first quarter of FY 2012 ending June 30, 2011, against Rs 64.2 cr in corresponding quarter for the previous fiscal, registering an increase of 20.2%. The company's net sales for the quarter stood at Rs. 653.9 cr against Rs. 525.2 cr for the corresponding quarter in the previous fiscal. The company posted a diluted EPS of Rs 4.75 up 20% over the previous fiscal.

The growth during the quarter was primarily lead by the end-to-end data services offering of the company through its extensive fibre network, further ensuring higher wallet share per customer, claimed a release. The company took significant strides forward in its international connectivity business by adding customers like HDFC Bank & Reckitt Benckiser.

The continued focus on Managed Services offering has yielded substantial business traction for the company enabling the company to add customers from diverse sectors. The company further added Karur Vysya Bank, OICL, Matrix Cellular, and Reliance Life Insurance to its portfolio of customers during the quarter, added the release.