Published on 2/06/2020 3:47:41 PM | Source: Dion Global Solutions Ltd

Tata Teleservices (M posts Q4 net loss of Rs 873.96 cr

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The company reported standalone net loss during the quarter stood at Rs 873.96 crore compared to net profit of Rs 579.55 crore in the previous year quarter.  Net revenue of the company declined moderately by 17.94 per cent at Rs 258.88 crore in January-March quarter of this fiscal as against Rs 315.48 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 167.57 per cent to Rs 140.38 crore from Rs -207.76 crore in year ago period. Other Income dipped by 39.90 per cent at Rs 2.50 crore versus (Mar'19 Rs 4.16 crore).

Operating Profit slipped by 77.35 per cent to Rs 118.50 crore as against Rs 523.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 72.40 per cent in March quarter. Interest declined by 7.65 per cent y-o-y to Rs 372.07 croreax