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Tata Teleservices Maharashtra posts 21st straight quarter of losses

Tata Teleservices Maharashtra Ltd (TTML) continues to report losses: Rs 155.67 crore loss for the quarter ended September 30, 2015, up from Rs 103.31 crore loss in the previous quarter and down from Rs 159.38 crore loss in the same quarter last year. Note this is the telco’s 21st straight loss making quarter. The net income from telecom services also decreased to Rs 733.18 crore for the quarter, down from Rs 735.09 crore in the previous quarter and Rs 682.42 crore the same quarter last year. The EBITDA was at Rs 210.49 crore for this quarter. Overall for the half year ended September 30, 2015, the company reported a loss of Rs 258.9 crore, down from Rs 282.29 crore the same period last year. The total income from overall operations was at Rs 746.64 crore for the quarter, however the telco did…

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