Tata Teleservices Maharashtra Ltd (TTML) has reported losses of Rs 468.13 crore loss for the quarter ended 30th September 2016 (Q2 FY17), which increased from Rs 108.07 crore loss in the previous quarter, and an increase from Rs 175.70 crore loss in the same quarter last year (Q1FY16). Note that this is the telco’s 25th straight loss making quarter. The net income from telecom services also decreased to Rs 700.59 crore for the quarter, down from Rs 722.97 crore in the previous quarter, and down by 4% from Rs 733.18 crore in the same quarter last year. The EBITDA margin was at Rs 190 crore for this quarter, a decrease of 12% over the last quarter. Note that the company had adopted Indian Accounting Standards for reporting since Q1FY17. As per IAS standards, the total comprehensive loss for the quarter ended 30th June 2016 (Q2FY17) stood at Rs 452.81 crore; in the same quarter last year (Q2 FY16) total comprehensive loss stood at 177.18 crore. The total income from overall operations was at Rs 712.81 crore for this quarter, down from Rs 734.9 crore in the previous quarter (Q1FY17), and down 4.5% from Rs 746.64 crore in the same quarter last year. Note that the company had previously stopped providing segmented information on the contribution of VAS and data revenues to its total telecom operations revenue. Interestingly, The company did not file subscriber numbers with the BSE for this quarter. For the previous quarter, TTML reported 36,67,758 subscribers in Mumbai circle and 66,32,636 subscribers in the whole of Maharashtra circle.…
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