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January 24, 2008 |
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TATA TELESERVICES: Books INR274-Mil. Loss in Qtr. Ended Dec. 31 Tata Teleservices Maharashtra Ltd's net loss narrowed to INR274.3 million in the three months ended Dec. 31, 2007, from the INR591.7-million loss incurred in the same quarter in 2006. Total revenues increased 25% from INR3.67 billion in Oct.-Dec. 2006, to INR4.59 billion in the latest quarter under review. Operating expenses rose by 17% to INR3.31 billion, bringing the company an operating profit of INR1.28 million. The company also recorded interest charges of INR419.2 million, depreciation of INR1.14 billion and INR1.3 million in taxes. A copy of the company's financial results for the quarter ended Dec. 31, 2007, is available for free at: http://ResearchArchives.com/t/s?2748 A subsidiary of Tata Sons Limited, Tata Teleservices (Maharashtra) Limited, is an Indian company engaged in the business of providing telecommunication services. The company provides services in about 357 towns and cities in the States of Maharashtra and Goa through its telephone exchanges. The company has incurred at least two years of consecutive net losses -- INR3.15 billion in fiscal year ended Mar. 31, 2007, and INR5.41 billion in FY2006. |
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