Tulip Telecom Q4 net income down 14% at Rs 66 cr

Tulip Telecom 's net income fell 14.3% to Rs 66 crore in the fourth quarter of FY12 from Rs 77.3 crore in the corresponding quarter of last fiscal, even after a tax write back of Rs 4.25 crore.

Revenues fell 3.6% to Rs 661.7 crore from Rs 686.6 crore year-on-year.

EBITDA too dropped to Rs 169.2 crore for January-March quarter of 2012 from Rs 199.1 crore in a year ago quarter.

EBITDA margin declined at 25.5% versus vs 29% during the same period.

Lower operational profit and higher interest cost impacted botomline of the company. Interest cost increased to Rs 53.7 crore from Rs 42.7 crore year-on-year.