Tata Teleservices Maharashtra Ltd. reports EBITDA growth of 21.1% year on year

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Tata Teleservices Maharashtra Ltd. (TTML) which provides CDMA, GSM and 3G voice and data services in Maharashtra and Mumbai circle, yesterday announced its unaudited financial results for the quarter ended  30th  June  2015.  The  company  continued  its  focus  on  profitability  during  the  quarter resulting in a strong year on year EBITDA growth of 21.5% over the same quarter in the previous year. TTML’s EBITDA stood at Rs 219 crore for the quarter in review.

The Company showed a 4.5% year on year growth in total revenue at Rs 758 crore for the quarter ended 30th June 2015, compared to Rs 725 crore during the same quarter in the previous year. The revenue for the quarter is not fully comparable  to previous periods as it has an impact of reduction  of Interconnect  Usage Charges on incoming  traffic from 20p/min to 14p/min due to changes  in TRAI  Interconnect  (IUC)  regulations  (Amendment  XIth   and XIIth)  effective  from  1st March 2015.

The Company continued to witness strong uptake of data services by its mobile users. TTML GSM Data revenue during the quarter grew more than 65% year on year and more than 10% quarter on quarter with an improvement in data realization. This has led to an improvement in data revenue contribution to GSM revenue by about 800 bps over Q1’FY15.

During the quarter, the Company also issued Unlisted, Unsecured, Rated, Redeemable, Non Convertible Debentures of Rs 750 crore. The proceeds are to be used, amongst other purposes, for capital expenditure, long term working capital requirements, refinancing of existing loans and other purposes in the normal course of business.

Continuing  its  focus  on  customer  centricity  the  company  has  made  investments  to  improve network  coverage  to  ensure  a  better  customer  experience.  The  company  has  also  recently launched  a new service for its prepaid  GSM customers,  “Emergency  Talk Time Service”.  Tata Docomo customers who have completed  at least 90 days on the network and have a talk time balance of less than Rs 5 can now avail of a credit.

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Esmail is our very own in-house spectrum specialist. He is passionate about Telecom, DTH and OTT video streaming apps. When not writing an article, you can find him binge watching shows on Netflix while sipping on a cup of coffee.

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