Revenue rises 6.5%, but September-quarter net profit falls to Rs 183.21 crore
TATACOMM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts more than Nifty Midcap 150 and 2.7 pts more than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Consolidated revenue rose 6.5% year on year to Rs 6,099.75 crore. Profit before one-off items fell 8.7% to Rs 275.64 crore; net profit fell 19.4% to Rs 183.21 crore. Half-year revenue rose 6.5% to Rs 12,059.60 crore, but profit fell 33.4% to Rs 373.35 crore. Operating cash flow rose to Rs 953.64 crore. One-off items were a Rs 21 crore net charge. Earlier figures were restated for discontinued operations; review was unmodified.
Revenue growth and cash flow help, but lower net profit margin may weigh on sentiment. Disputed telecom tax demands of Rs 7,827.55 crore add risk.