Home BusinessTata Teleservices incurs Q1 net loss of Rs 34 cr
Telecom services provider Tata Teleservices Maharashtra (TTML) today announced a consolidated net loss of Rs 34.26 crore in the first quarter ended June 30, 2009.
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The Tata Group company had incurred a net loss of Rs 34.72 crore in the June quarter last fiscal, the company said in a filing with the Bombay Stock Exchange.
Total income of the company increased to Rs 513.42 crore in the quarter under review from Rs 504.89 crore during the same period previous year, it said.
The company incurred standalone net loss of Rs 23.06 crore in the quarter under review whereas in the same period previous year its standalone net loss stood at Rs 34.72 crore, it said.
Standalone total income rose to Rs 510.75 crore in the quarter under review from Rs 504.89 crore in the same period last fiscal.
Shares of the company closed at Rs 36.40, down 0.55 per cent from the previous close on the BSE.