Telecom Lead India: Tata Communications said its
consolidated gross revenues grew to $2.963 billion in FY2012 from $2.618
billion last year.
The company posted a higher net loss of Rs 794.65 crore
for the fiscal ended March, 2012 as compared to Rs 776.9 crore in the previous
fiscal.
The company had spent 9 percent of gross revenues towards
Capex in FY 12.
Tata Communications’ Core Business revenues were $2.600
billion as compared $2.484 billion for FY2011.
Startup revenues improved to $363 million from $134
million in the previous year.
Global Voice Services (GVS) business reported total voice
minutes at 55 billion minutes from 51 billion minutes in FY2011 on an overall
level.
GVS accounted for 55 percent of the Core Business
revenues and Global Data Services (GDS) accounted for 45 percent in FY2012.
The Startup Business, primarily Neotel, showed revenues
of $363 million in FY2012 from $134 million in FY2011. The Business has
delivered a positive EBITDA on a standalone basis for the first time.
In Q4 FY2012, consolidated gross revenues stood at $787
million, an increase from $678 million in Q4 FY11.
The Core Business reported revenues of $697 million up
from $642 million in the same quarter last year.
The Startup Business, comprising chiefly of Neotel,
posted higher revenues of $90 million in Q4 FY2012 against $36 million in the
same quarter last year.
“Our main focus this year was profitability and this
is reflected in our Core business which has registered a robust performance.
The South African operation, Neotel, has also ended the year on an EBITDA
positive note. We launched several new products in the last quarter which have
held us in good stead. In these uncertain times, we are well poised to partner
with our clients for their communications and technology requirements as they
look to diversify and grow their business across different geographies,”
said Vinod Kumar, MD and CEO, Tata Communications.
