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Tata Teleservices posts loss of Rs 119 cr in Q1

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Press Trust of India Mumbai

Telecom service provider Tata Teleservices (Maharashtra) Ltd (TTmL) today reported a net loss of Rs 119.32 crore for the quarter ended June 30.

The company had a net profit of Rs 557.88 crore in the same period last fiscal, TTML said in a filing to the Bombay Stock Exchange (BSE).

However, net sales rose to Rs 584.98 crore during April-June quarter 2011, as against Rs 552.21 crore in the year-ago period.

The company during the quarter paid Rs 113.08 crore as interest on various activities.

Shares of the company today settled at Rs 22.10 on the BSE, down 3.07% from previous close.

 

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First Published: Jul 26 2011 | 5:22 PM IST

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