Tata Telecom Q2 jumps 132% customized

By : |October 28, 2001 0



NEW DELHI: Tata Telecom Ltd., an enterprise communication solution provider
and an equal joint venture partner with US-based Avaya, has announced its
financial results for the six months ended September 30, 2001.

For Q2, Tata Telecom has achieved a profit before tax of Rs 5.70 crore
compared to Rs 2.46 crore in the corresponding previous period, which is an
increase of 132 per cent.

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In H1, the company has achieved Rs 101.36 crore turnover (38 per cent growth
as compared to Rs 73.20 crore in the corresponding previous period) despite the
economic slowdown. The profit before tax for the H-1 is Rs 7.18 crore, an
increase of 222 per cent over the first half of the previous year before
extraordinary item (Rs 2.23 crore) and the PAT is of Rs 4.28 crore. (The
aforesaid results pertain to Business Communication Division only.)

Speaking on the occasion, Tata Telecom Ltd. vice chairman Niru Mehta said,
"With communication technologies fast moving towards convergence, today’s
enterprise needs to be competitive in the global marketplace." Providing
customised business communication solutions, coupled with our strategic
partnerships, have been the key contributors to our remarkable performance this
year, he said.

Tata Telecom’s performance in the half-year of 2001-02 is a result of its
three-pronged strategy. First, the company renewed its positioning as a complete
communication solution provider, spanning data and video solutions as a value
addition to the voice platform (source: Frost and Sullivan & CMIE). Second,
the company made conscious efforts to further strengthen its service support
through its ‘Winning through Customer Responsiveness’ campaign wherein the
company provides remote maintenance interface (RMI), allocates dedicated teams
for key clients for effective and efficient customer relationship management (CRM),
etc. Third, with a strategically sharp focus on the fast emerging vertical
segments like IT enabled services and the call center market, has enabled the
company to achieve its current status.

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