Telecom Lead Asia: Tata Communications’ revenue rose 21 percent to $3.16 billion (Rs 17,213 crore) in FY 2013. It reported net loss of Rs 623 crore.
The dollar fluctuation was one of the factors that contributed to the growth in revenue.
In FY 2013, $1 was Rs 54.38 against Rs 47.91 in FY 2012.
The company admitted that unusual magnitude of cable cuts encountered during the quarter impacted Rs 18 crore in Q4 FY 2013.
This apart, there was actuarial loss on Canada pension fund of Rs 41 crore, Tata Communications said on Tuesday.
Tata Communications says core business revenues rose 23 percent to $2.81 billion from $2.6 billion.
GVS registered 62 billion voice minutes against 55 billion.
Global Data Services (GDS) revenues grew 20 percent to $1.24 billion.
In Q4 FY2013, Tata Communications’ revenues grew 11 percent to $812 million. Its core business revenues rose 12 percent to $726 million.
Voice minutes carried in Q4 increased to 15.4 billion from 15.2 billion minutes in Q4 FY 2012.
GDS revenues rose 8 percent to $322 million supported by improved sales traction and increased pipeline activity.
“We have outpaced our peers and gained market share in almost every market segment and geography that we operate in. This is impressive given the economic and industry conditions that we operated under. During the course of the year, we held our course and continued to invest in sales and marketing as well as services innovation. These investments will start yielding fruit in the current year and beyond,” said Vinod Kumar, MD and Group CEO, Tata Communications.
Tata Communications says its managed services rose 33 percent; India MPLS/GVPN revenue increased 31 percent; and next gen network services grew 20 percent. Q4 was a very strong quarter for sales and the company expects to reflect in revenues starting Q2 FY 2014.
