Tata Group Stock in Focus After Reporting 424% YoY Net Profit Increase
Stock in Focus
Shares of Tata Communications Limited, a leading global communications technology player and a part of the Tata Group, are in focus on Wednesday after the company reported its financial results for Q3 FY25, which included a 424% year-on-year increase in net profit. With a market capitalization of ₹47,238.8 crores, the shares of Tata Communications Limited surged nearly 0.3% to hit an intraday high of ₹1,702, compared to its previous closing price of ₹1,697.3.
Q3 FY25 Financial Results
Tata Communications Limited announced its financial results for Q3 FY25, with revenue from operations at ₹5,798.07 crores, a marginal increase of approximately 1.2% quarter-on-quarter (QoQ) from ₹5,727.85 crores in Q2 FY25, and an increase of about 3.8% year-on-year (YoY) from ₹5,587.8 crores in Q3 FY24. The company’s net profit for Q3 FY25 grew to ₹236.08 crores, representing a marginal rise of around 3.8% QoQ from ₹227.3 crores in Q2 FY25, as well as a substantial year-on-year increase of nearly 424% from ₹45.05 crores in Q3 FY24.
Stock Performance
The stock has delivered negative returns of nearly 6.3% in one year, and around 6.3% positive returns in the last six months. However, shares of Tata Communications have fallen by about 2.2% in the last month.
About Tata Communications Limited
Incorporated in 1986, Tata Communications Limited offers international and national voice and data transmission services, selling and leasing bandwidth on undersea cable systems, internet connectivity services, and other value-added services including telepresence, managed hosting, mobile global roaming and signaling services, transponder leasing, television uplinking, and other related services.
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