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Tata Communications shares declined by over 4 per cent after the agency reported a fall in internet revenue for the third quarter.
The inventory fell 4.43 per cent to Rs 1,321.60 apiece on the BSE. On the NSE, it declined 4.46 per cent to Rs 1,321.95 apiece.
Tata Communications on Monday reported a consolidated internet revenue of about Rs 394 crore for the just-ended December 2022 quarter, a tad decrease than the year-ago interval.
The Q3 FY23 internet revenue was 0.3 per cent decrease than final yr’s determine of about Rs 395 crore (revenue for the interval attributable to fairness holders of the father or mother), the corporate mentioned in a regulatory filling.
Seen sequentially, the web revenue was down 26 per cent from the September quarter.
Tata Communications’ consolidated income for the quarter ended December 2022 got here in at about Rs 4,528 crore, 8.2 per cent increased on-year.
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