On Tuesday, Tata Communications announced a 25% increase in its consolidated net profit for the quarter from July to September of the current fiscal year, coming in at Rs532.29
Sales rise 18.04% to Rs 3836.55 crore
Sales rise 191.26% to Rs 251.62 crore
Sales decline 1.83% to Rs 869.45 crore
According to a document, domestic telecom equipment manufacturer, HFCL's consolidated net profit stayed constant at Rs84.31 crore for the quarter that ended September 30, 2022
Sales decline 46.68% to Rs 750.45 crore
Total Operating Income rise 18.80% to Rs 168.25 crore
Sales rise 47.41% to Rs 24.22 crore
Profit booking may also dominate in the later half
The company announced that it will acquire refractory business of Hi-Tech Chemicals via a slump sale on a going concern basis for a cash consideration of Rs 621 crore.
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