Tata Communications has narrowed its losses for its fourth quarter and full fiscal year for 2013, on the back higher revenue.
Increased network and transmission expenses continued to be a drag on the bottomline. Expenses rose 22 percent to 151.5 billion rupees (US$2.69 billion). This was off set by a 21 percent rise in revenue to 172.12 billion rupees (US$3.185 billion).
This was helped by improved cost management and streamlining of operations, and the sale of an asset which helped provide a one-off boost of 1.8 billion rupees (US$32.5 million).
"We have outpaced our peers and gained market share in almost every market segment and geography that we operate in. This is impressive given the economic and industry conditions that we operated under," Kumar said.