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Tata Teleservices Maharashtra Q3-FY14: Rs 156.4 Cr Loss; Revenue Up 6.6% YoY

Tata Teleservices Maharashtra Ltd (TTML) continues to report losses, albeit with minor improvement: Rs 156.36 crore loss for the quarter ended December 31, 2013, down from Rs 165.23 crore loss in the previous quarter and Rs 197.16 crore loss in the same quarter last year. Total revenues were at Rs 711 crore for the quarter, a minor 2.6% growth from Rs 693 crore revenues in the previous quarter and a 6.6% growth from Rs 667 crore revenues in the same quarter last year. The EBITDA was Rs 148 crore for the quarter. Like last quarter, TTML hasn't disclosed any information on the contribution of VAS and data revenues to its total wireless revenues for the quarter. In the corresponding quarter last year (Q3-FY13), TTML had mentioned that VAS and Data Revenues had represented 37% of its total wireless revenues for the quarter, while in Q1-FY14, VAS and data revenues accounted for 39% of the company’s total wireless revenues for the quarter. Note that TTML's VAS and data revenues segment includes its EVDO based (USB data card) connectivity business (Tata Photon), where it is the leading player. While TTML is operational only in Goa, Maharashtra and Mumbai circles, it operates mobile services under the Tata DOCOMO brand with its sister company Tata Teleservices Ltd (TTSL) which is not a listed company. Highlights - During the quarter, Tata DOCOMO launched Photon Max Wi-Fi data card which allows customers to create a WiFi hotspot on the go and allow up to five devices access Internet simultaneously. It is available for both prepaid and postpaid customers. - TTML…

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