Ortel Communications logs Rs 2.8 crore net loss in Q3

Its Ebitda tanked 22.8 per cent in the period under review

Cable television and broadband service provider Ortel Communications Ltd has reported a loss of Rs 2.8 crore for the quarter ended December 31, 2016, as a combination of factors weakened some of its key operating parameters during this period. In the comparable period of the last financial year, Ortel had posted Rs 3.9 crore profit after tax (PAT).

The BSE listed entity has recorded a 3.02 per cent rise in its total income in the October-December quarter, which grew from Rs 50.2 crore to Rs 51.8 crore. But, its earnings before interest, taxes, depreciation and amortisation (Ebitda) tanked 22.8 per