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TTML reports 53.25 per cent decrease in net losses for the quarter ended December 2015

February 05, 2016
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Tata Teleservices (Maharashtra) Limited has reported a 53.25 per cent decrease in standalone net losses, from Rs 1.69 billion for the quarter ended December 2014 to Rs 0.79 billion for the quarter ended December 2015. This decrease was primarily on account of an increase in total revenues, which grew from Rs 7.38 billion to Rs 7.42 billion, during the same period.

Further, the total expenditure of the company decreased from Rs 7.42 billion for the quarter ended December 2014 to Rs 6.93 billion for the corresponding quarter in 2015. Moreover, the finance cost declined from Rs 1.73 billion to Rs 1.4 billion during the same period.

 
 
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