 "Tata Tele (Maharashtra) loss narrows to Rs 103.3 cr on strong data revenue")
Tata Tele Maharastra Ltd (TTML) posted Rs 103.31 crore net loss on standalone basis in the quarter ending June 30, lower than Rs 122 crore loss posted in the year ago period as strong growth in data revenue adjusted the finances.
The results have also shown marked improvement from January-March quarter, when the company had incurred Rs 163.88 crore loss.
The results have also shown marked improvement from January-March quarter, when the company had incurred Rs 163.88 crore loss.
In the same period, its revenue went up by 6.06% to Rs 750.73 crore compared to last year, while earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 218.66 crore compared to Rs 179.92 crore in the year ago period. Standalone figures account for most of the company's results.
On consolidated basis, the revenue rose 4.5% to Rs 758 crore on year, while its earnings before interest, tax, depreciation and amortisation (EBITDA) grew 21.5% to Rs 219 crore over last year the company said.
On consolidated basis, the revenue rose 4.5% to Rs 758 crore on year, while its earnings before interest, tax, depreciation and amortisation (EBITDA) grew 21.5% to Rs 219 crore over last year the company said.
The company reported 65% year-on-year growth in mobile data revenues during the quarter, raising its revenue contribution by 8% in total revenue. Sequentially, the data revenue was also up by 10% from March quarter.
During the quarter, the company issued unlisted, unsecured and redeemable non-convertible debentures of Rs 750 crore. These funds will be used for capital expenditure, long-term working capital requirements, refinancing of existing loans and for other purposes.