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The quarter's loss was due to a provision of Rs 342 crore towards additional license fees liability, the company said.
The income from operations for the just ended quarter came in at nearly Rs 4,398 crore, up 3.6 per cent year-on-year helped by strong performance in the data business.
For the full year ended March 2020, the losses were at Rs 84.83 crore compared to Rs 80.43 crore in FY19.
The income for operations for FY20 was at Rs 17,068 crore, up 3.2 per cent over the previous fiscal.
\"We are living in extraordinary times with the COVID-19<\/a> pandemic continuing to disrupt businesses at large.
\"At Tata Communications, we are enabling smooth and continued operations of services for our customers, delivering service upgrades and changes in record speed, as they implement work from home measures and shift workloads seamlessly across borders as part of their business continuity plans,\" A S Lakshminarayanan, CEO of Tata Communications, said in a statement.
On the COVID-19 business response, the company noted that there was 30 per cent growth in internet traffic<\/a> on its network in March compared to January 2020.
\"Capacity expansion in a short span of time has been possible due to extensive upgrade and modernisation of our network done in the last three years.... Recorded 1 billion minutes of enterprise voice traffic in March alone,\" the statement said.
The Board has recommended a final dividend of 40 per cent (Rs 4.00 per share of the face value of Rs 10 each) for the financial year ended March 31, 2020.
During the quarter ended September 2019, the company received demand from the Department of Telecom (DoT<\/a>) aggregating about Rs 6,633 crore towards licence fee on its Adjusted Gross Revenue (AGR) for the financial years 2006-07 till 2017-18.
The demands received by the company included an amount of about Rs 5,434 crore, which were disallowed by the telecom department towards the cost adjusted to gross revenue by the company that were claimed on \"accrual basis' instead of payment basis, for which revised statements on the basis of actual payment has been submitted to the DoT.
The company said that though it believes that it has a case to defend, it has made a provision of Rs 337 crore during March quarter and for the balance amount of Rs 5,096 crore, it believes \"that the likelihood of the same materialising is remote since the deduction on payment basis has not been considered by the DoT\".
With regard to balance amount of Rs 1,199.7 crore, the company has existing appeals relating to its international and national long distance licences, which it said were filed in the past, are pending in courts, and the company's appeals are not included in the Supreme Court<\/a> ruling of October 2019 on AGR.
\"...the company has responded to DoT denying and disputing the amounts claimed by the DoT in the above mentioned demands. The company has not received any response from the DoT after the submission. The company believes that it will be able to defend its position and also has obtained a legal opinion in this regard,\" the company in its results filing to BSE.<\/body>","next_sibling":[{"msid":76366767,"title":"Boycott China: Should India build apps based on its own cultural and political ethos?","entity_type":"ARTICLE","link":"\/news\/boycott-china-should-india-build-apps-based-on-its-own-cultural-and-political-ethos\/76366767","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":76366845,"entity_type":"ARTICLE","title":"Tata Comm Q4 loss widens to Rs 275 crore on statutory dues provisioning","synopsis":"Tata Communications on Saturday reported widening of consolidated losses at about Rs 275 crore for the fourth quarter ended March 31, mainly due to provisioning for statutory dues.","titleseo":"telecomnews\/tata-comm-q4-loss-widens-to-rs-275-crore-on-statutory-dues-provisioning","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":702,"shares":0,"engagementtimems":3354000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2020-06-14 10:42:00","lastupd":"2020-06-14 10:45:21","breadcrumbTags":["tata group","statutory dues","Supreme Court","tata communications","DoT","covid-19","Industry","agr dues","Internet traffic"],"secinfo":{"seolocation":"telecomnews\/tata-comm-q4-loss-widens-to-rs-275-crore-on-statutory-dues-provisioning"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-06-14" data-index="article_1">
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季度的损失是由于提供342卢比对额外的许可费用责任,该公司表示。
刚刚结束的季度收入操作是在近4398卢比,同比增长3.6%了数据业务的强劲表现。
全年截至2020年3月,相比,跌幅在84.83卢比在FY19 80.43卢比。
业务的收入FY20 17068卢比,过去财政增长了3.2%。
“我们生活在非常时期COVID-19疫情继续破坏企业。
“塔塔通信,我们使光滑和继续操作的服务为我们的客户,提供服务的升级和记录速度的变化,当他们实现在家工作措施和跨境转移工作负载无缝地作为他们的业务连续性计划的一部分,”S Lakshminarayanan,塔塔通信的CEO,在一份声明中说。
COVID-19业务响应,该公司指出,有30%的增长网络流量在其网络相比3月到2020年1月。
”在短时间内产能扩张有可能由于广泛的升级和现代化的网络在过去的三年中完成....10亿分钟的记录企业语音流量仅在3月,”声明说。
董事会建议的最终股息40%面值的每股4.00 (Rs Rs每10)截至3月31日的财政年度,2020。
在截至2019年9月的季度,公司收到电信的需求部门(点)聚集约6633卢比向执照费的调整后的总收益(AGR)金融年2006 - 07至2017 - 18。
公司要求收到包括数量约为5434卢比,由电信部门不允许公司向成本调整后总收入的,声称“权责发生制”而不是付款的基础上,修改后的报表的基础上,实际付款提交点。
该公司表示,尽管它相信它有一个保护,这使得在3季度提供337卢比,5096卢比的平衡量,它认为“相同的变为现实的可能性是远程自付款的基础上扣除尚未考虑的点”。
关于平衡达到1199卢比,公司现有上诉有关国际和国内长途牌照,其表示提起过去,等待法院,和公司的上诉不包括在内最高法院2019年10月在AGR的裁决。
“…公司应对点否认和争议金额声称点在上面提到的要求。该公司尚未收到任何回应后点提交。公司相信它将能够捍卫自己的立场,在这方面也获得了法律意见,“该公司在其结果提交给疯牛病。
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