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Tata Teleservices Maharashtra Q1-FY15 loss at Rs 122.9 Cr; Revenue up 4.2% YoY

Tata Teleservices Maharashtra Ltd (TTML) continues to struggle, posting a loss of Rs 122.91 crore for the quarter ended June 30, 2014. This is down from Rs 111.6 crore in the previous quarter but an improvement from Rs 126.9 crore loss in the same quarter last year. This is TTML's 16th straight loss making quarter. The net income from telecom services however grew to Rs 687.51 crore for the quarter, up 3.23% from Rs 666 crore revenues in the previous quarter. It had posted a similar Rs 666 crore revenue in the same quarter last year. The total revenues was at Rs 725 for the quarter, nearly flat from Rs 722 crore in the previous quarter and up 4.2% from Rs 696 crore in the same quarter last year. Note that TTML is operational only in Goa, Maharashtra and Mumbai circles, however it operates mobile services…

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