Tata Communications cuts roles, books ₹44.78 crore staff optimisation charge
Tata Communications reported a 29.35% year-on-year decline in June-quarter net profit to ₹134 crore, hit by restructuring and data-centre outage costs. Revenue rose 10.5% to ₹6,583 crore as the company reiterated its target of double-digit EBITDA growth for the full year.
Tata Communications is restructuring roles and booked a Rs 44.78 crore staff optimisation charge in the June quarter. Profit fell 29.35% amid restructuring and data-centre outage costs, while revenue rose 10.5%; management reiterated its full-year double-digit EBITDA growth target.