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Updated: Tata Teleservices reported Rs 4,887 crore loss in FY14

Corrigendum: We had done a conversion error in the earlier version of this story, which had led to erroneous numbers for the company's revenues & loss numbers. We have corrected the figures now. Our apologies for the error. Tata Teleservices Limited (TTSL) has reported net loss of ¥85,026 million (Rs 4,887 crore) for the year ended March 31, 2014 (FY14), an increase from ¥72,301 million loss (Rs 4,155 crore) in the previous year FY13, but an improvement from ¥95,813 million (Rs 5,506 crore) loss in FY12. The operating revenues for the telco was at ¥227,582 million (around Rs 13,079 crore) for the year, registering a 8.3% increase from ¥210,092 million (Rs 12,074 crore) in the previous year FY13 and a 14.62% increase from ¥198,554 million (Rs 11,411 crore) in FY12. It's worth noting that TTSL is an unlisted company unlike its sister company Tata Teleservices Maharashtra Limited (TTML) which is listed on BSE. While TTML is operational only in Goa, Maharashtra and Mumbai circles, it…

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