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TTSL reports 2.51 per cent decrease in net losses for the quarter ended September 2015

November 04, 2015
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Tata Teleservices (Maharashtra) Limited has reported a 2.51 per cent decrease in standalone net losses, from Rs 1.59 billion for the quarter ended September 2014 to Rs 1.55 billion for the quarter ended September 2015. This decrease was on account of an increase in total revenues, which grew from Rs 7 billion to Rs 7.46 billion, during the same period. This also resulted in positive earnings before interest, taxation, depreciation and amortization (EBITDA) of Rs 254 million as against a negative EBITDA of Rs 224.8 million.

Meanwhile, its total expenditure from operations witnessed a slight decline from Rs 7.22 billion to Rs 7.21 billion.

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