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( 10 Nov 2021)
Tata Teleservices (M posts Q2 net loss of Rs 313.63 cr

The company reported standalone net loss during the quarter stood at Rs 313.63 crore as compared to net loss of Rs 341.19 crore in the previous year quarter.

Net revenue of the company rose marginally by 4.72 per cent at Rs 268.77 crore in July-September quarter of this fiscal as against Rs 256.66 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 11.67 per cent to Rs 154.25 crore from Rs 138.13 crore in year ago period.

Other Income dipped by 24.04 per cent at Rs 2.56 crore versus (Sep'20 Rs 3.37 crore).

Operating Profit slipped by 3.38 per cent to Rs 114.52 crore as against Rs 118.53 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.73 per cent in September quarter.

Interest declined by 4.45 per cent y-o-y to Rs 388.68 crore