Telecom tower firm GTL Infrastructure today said its standalone net loss has narrowed down to Rs 92.75 crore in the March quarter.
It had reported a net loss of Rs 100.22 crore for the corresponding period last fiscal, GTL Infrastructure said in a BSE filing.
Total income of the company stood at Rs 155.86 crore for the January-March period of 2015-16 compared with Rs 155.50 crore previous fiscal.
The company said telecom industry in India has been going through one of its worst phase since 2012, with regulatory issues such as cancellation of 122 2G licenses by the Supreme Court, failure of spectrum auctions and inflationary input costs.
"A severe dip in the market outlook followed with slower 3G/4G rollouts and a general stagnation of economy resulting into our customers (telcos) reviewing their respective business plans, curtailing their capex spend.
"While some others planned to exit from non-viable business circles. This, in turn, affected planned growth and cash flows of the company," it said.
The company, however, said the stagnant industry has been witnessing several opportunities for growth largely due to positive outcome of spectrum auction in 2015 and subsequent rollouts planned by telcom companies.
"Since the spectrum auction last year, the company has already secured fair share of business from these incremental tenancies. Continuing network rollout plans of our customers over the next few years are expected to be huge," it added.
