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TTML Reports Rs. 1.16B Loss; Sequential Revenue Growth

ttml-ad-logoBSE and NSE listed Tata Teleservices (Maharashtra) Limited announced loss of Rs.1161.2 million though with a seqential revenue growth of 7 percent fo the quarter ended September 30th, 2009. The total wireless  subscriber  base stood at 9.6 million with TTML’s Mumbai circle crossing 3.5 million wireless subscribers and rest of Maharashtra circle accountimg for 6 million wireless subscribers.

The company registered a consolidated EBITDA of Rs. 1210 million, EBITDA margin being 22% for the quarter under scrutiny, inclusive of the impact of the GSM launch expenses, as compared to Rs.1610 million for the same quarter of the previous FY.

sep09-ttml-snapshot

Details: Release | Financials: StandaloneConsolidated

The consolidated total sales stood at Rs. 5427.9 million of which Passive Infrastructure contributed Rs. 224.9 million. The consolidated loss before tax was Rs. 199.8 million. Rs. 994.3 million was the marketing and promotion cost for the period. TTML claims a market share of 50 percent share in wireline among private telcos.

Note: The Telecommunication Regulatory Authority of India (TRAI) amended Interconnection Usage Charges Regulations, effective April 1, 2009, reducing termination charge for incoming domestic calls to 20 paise per minute from 30 paise per minute and increased termination charge for incoming international calls to 40 paise per minute from 30 paise per minute. The interconnect income and interconnect cost are thus not strictly comparable with previous periods.

Tata Docomo

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The joint venture between Tata Teleservices and Japanese telecom major NTT Docomo which currently service 10 of India’s 22 circles. To bring in customers Tata Docomo in this quarter had announced offers such as per second billing and unlimited internet use with various recharge vouchers and diet sms with Buongiorno, where the user is cahrged 1 paisa per character, with no charge for the spaces between words. Tata Docomo also tied-up wiht Microsoft launch applications such as the Windows 6.5 OS based smart phones by Acer.

Related
Q1-10: Tata Teleservices Maharashtra VAS & Data Revenues Increase
Will Pricing Strategy Help Tata Docomo Succeed?

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