Tata Telecom Q2 jumps 132% customized

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.

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.