06 Dec 2019 | 2:28 PM

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COMPANYNEWS
Tata Teleservices (M posts Q2 net loss of Rs 2334.45 cr
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Published on 11-15-2019
The company reported standalone net loss during the quarter stood at Rs 2334.45 crore as compared to net loss of Rs 382.30 crore in the previous year quarter.


Net revenue of the company declined moderately by 16.00 per cent at Rs 270.35 crore in July-September quarter of this fiscal as against Rs 321.84 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 45.43 per cent to Rs 146.63 crore from Rs 268.69 crore in year ago period.


Other Income dipped by 81.73 per cent at Rs 2.64 crore versus (Sep`18 Rs 14.45 crore).


Operating Profit surged by 132.78 per cent to Rs 123.72 crore as against Rs 53.15 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 177.17 per cent in September quarter.


Interest declined by 0.68 per cent y-o-y to Rs 381.99 crore