Meanwhile, the BSE Sensex was up 129.07 points, or 0.76% to 17,206.25.

On BSE, 9,154 shares were traded in the counter as against average daily volume of 30,931 shares in the past one quarter.

The stock hit a high of Rs 237.35 and a low of Rs 228.10 so far during the day. The stock had hit a 52-week low of Rs 176.30 on 24 November 2011. The stock had hit a 52-week high of Rs 263.75 on 18 April 2011.

The stock had outperformed the market over the past one month till 25 January 2012, surging 13.31% compared with Sensex's 8.5% rise. The scrip had also outperformed the market over the past one quarter, rising 28.14% as against Sensex's 1.03% fall.

The mid-cap company has an equity capital of Rs 285 crore. Face value per share is Rs 10.

Tata Communications reported consolidated net loss of Rs 153.06 crore in Q3 December 2011, lower than net loss of Rs 181.38 crore in Q3 December 2010. Net sales rose 19.4% to Rs 3604.10 crore in in Q3 December 2011 over Q3 December 2010.

Tata Communications said that the core business grew 10.9% to Rs 3164.80 crore in Q3 December 2011 over Q3 December 2010. The company's start-up business, primarily Neotel's revenue jumped 167.1% to Rs 439.40 crore in Q3 December 2011 over Q3 December 2010.

Tata Communications' global voice services business contributed 55% to core business revenues in Q3 December 2011, as compared to 54% in Q2 September 2011. The total voice minutes registered on the network were at 13.4 billion minutes in Q3 December 2011, as against 13.1 billion minutes in Q2 September 2011, the company said in a statement.

Tata Communications' global data services business contributed 45% to the core business revenues in Q3 December 2011. The data portfolio continued expanding and witnessed introductions of new products and technologies, the company said. InstaHCM was launched under cloud computing business and the IPX+ framework was announced to enable mobile broadband solutions, the company added.

The start-up business, reflecting largely Neotel's performance, reported healthy revenues of Rs. 439.40 crore in Q3 December 2011, as compared to Rs 465.70 crore in Q2 September 2011. Neotel has continued to witness improved resource utilization and show better productivity, the company said. Neotel' operating profitability which turned positive in Q2 September 2011 saw further improvement in Q3 December 2011, the company added.

Commenting on the results, Mr Vinod Kumar, CEO and Managing Director, Tata Communications said, We are very pleased to report a healthy improvement in the operating performance of the business. Global voice has demonstrated continued improvement in volumes and revenues. The company's global data business is scaling up as planned. Complementing our leadership in the enterprise data segment within India, we have been growing our international revenues as reflected in the enhanced uptake of our customized offerings and managed services.

Mr Vinod added, Neotel, the company's South African subsidiary, has grown its revenues by 22% year on year in local currency terms. Several strategic initiatives over the past year have begun to yield results with the operating and financial performance of this business reporting visible improvement. Optimum asset utilisation and higher productivity levels elevated margins on a yearly as well as sequential basis. We are confident of leveraging our proficiency to capitalise on the tremendous opportunities available in Africa.

Mr Vinod said that over last several years, Tata Communications has worked towards changing the business mix towards data and managed services and enterprise segment. Having achieved this shift, the company's intention now is to grow all its business segments faster than the growth in respective markets, Mr Vinod further added.

Tata Communications is a leading global provider of a new world of communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers. Tata Communications' depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services, leadership in global international voice, and strategic investments in South Africa (Neotel), Sri Lanka (Tata Communications Lanka) and Nepal (United Telecom).

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