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TTML posts Rs 23.35 billion loss for QE September 2019

November 18, 2019
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Tata Teleservices Maharashtra Limited (TTML) has posted a loss of Rs 23.35 billion for the quarter ended (QE) September 2019. The company had recorded a loss of Rs 3.83 billion during the same period in 2018.

The loss has been reported on account of provisioning for liabilities after the Supreme Court (SC) ruling on adjusted gross revenue (AGR). TTML has made a provision of Rs 21.51 billion after the AGR order by the SC.

TTML’s revenue has declined by 16 per cent to Rs 2.70 billion during the QE September 2019 from Rs 3.21 billion during the corresponding quarter in 2018.

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