Tata Communications posts Rs.123 crore net loss in Q4

New Delhi, May 13 (IANS) Tata Communications posted a net loss of Rs.123.19 crore for the fourth quarter (January-March) of 2013-14.

The company posted a net loss of Rs.5.20 crore for the corresponding quarter last fiscal (2012-13), the company said in a BSE filing Tuesday.

The consolidated total Income during the fourth quarter was Rs.5,272.31 crore compared to Rs.4,441.83 crore during the quarter ended March 31, 2013.

"Tata Communications has delivered a year of strong growth and has strengthened its competitive positioning in the market. Our ongoing focus on execution, talent development and sharpening our value proposition is delivering tangible value," Vinod Kumar, managing director and chief executive officer, Tata Communications said in a company statement.