Tata Communications Stock Falls 6% Despite Profit Growth; Margins Narrow

• Tata Communications shares dropped 6% after Q3 results, closing at ₹1,612.5.
• Net profit surged 55% year-on-year to ₹365.3 crore, primarily driven by a significant increase in 'other income' to ₹259 crore.
• Revenue grew 6.7% year-on-year to ₹6,189 crore, with sequential growth of 1.5%.
• EBITDA increased 4% to ₹1,228 crore, but margins narrowed to 19.8% from 20.4% last year.
• Ganesh Lakshminarayanan appointed MD and CEO (designate), pending regulatory approvals.

Why It Matters: Tata Communications saw its stock fall despite profit growth, as narrowing margins overshadowed other income gains.