Tata Teleservices (Maharashtra) has reported a net loss of Rs 339 crore for the nine months ended December 31, 2015, as against a net loss of Rs 451 crore during the same period last year.
Income from operations for the nine months stood at Rs 2,239 crore, a year on year growth of 4.3% and EBITDA during the same period stood at Rs 649 crore, up 36.3% over the corresponding period of last year. The reduction in loss is attributable primarily to the improvement in EBITDA.
“The improvement in profitability is attributed to the company’s several operational initiatives as well as reduction in Interconnect Usage Charges due to changes in TRAI Interconnect (IUC) regulations,” the company said in a statement.
EBITDA for the quarter was Rs 220 crore, a growth of 41.0% over the same period last year.
Tata Teleservices (Maharashtra) Limited (TTML) provides telecommunication services in Maharashtra (including Mumbai) and Goa. TTML is an integrated player across technologies (CDMA, GSM and 3G (in Maharashtra service area)), products (voice, data and other enterprise services) and customer segments (retail, large corporate and small & medium enterprises).
Having over six years of experience in business journalism, Krishna has a knack for writing on telecom and IT. She believes that tryst with technology is the best thing that has ever happened to the mankind. Krishna is a telecom analyst with CMR