Tata Teleservices Maharashtra Ltd (TTML) has reported losses of Rs 414.74 crore loss for the quarter ended December 31, 2016 (Q3 FY17), which narrowed down from Rs 468.13 crore loss in the previous quarter. The company had posted a loss of Rs 77.14 crore in the same quarter last year. Note that this is the telco’s 26th straight loss-making quarter.
Total income from telecom services also decreased to Rs 647.62 crore, down from Rs 700.59 crore in the preceding quarter, and down 10% YoY from Rs 724.51 crore in the same quarter last year. The company’s EBITDA margin stood at Rs 184 crore for this quarter, a decrease of 3% over the last quarter.
The company had adopted Indian Accounting Standards for reporting since Q1FY17. As per IAS standards, the total comprehensive loss for the quarter (Q3FY17) stood at Rs 343.39 crore. In the same quarter last year (Q3 FY16), total comprehensive loss stood at Rs 76.94 crore.
The total income from overall operations for the quarter stood at Rs 658.66 crore, down from Rs 712.81 crore in the previous quarter, and down 11% from Rs 741.88 crore in the same quarter last year. Note that the company had stopped providing segmented information on the contribution of VAS and data revenues to its total telecom operations revenue.
TTML currently provides 3G and wireline services to enterprise and home customers in Mumbai and Maharashtra circles. During Q3FY17, the telco had 5.29 lakh wireline subscribers and 27.54 lakh mobile subscribers in Mumbai circle. It also had 2.82 lakh wireline subscribers and 50.46 lakh mobile subscribers in Maharashtra.
TTTML won 5 MHz of spectrum under the 1800 MHz band in both Mumbai and Maharashtra circle during last year’s auctions which is worth Rs 2,466 crore and Rs 1,590 crore respectively. It also has around 5MHz of the 800 MHz spectrum in Mumbai and Maharashtra circles, which is valid for use for the next 20 years.