Tata Teleservices (Maharashtra) Ltd. said on Wednesday that its loss narrowed to Rs 306.4 crore in the fourth quarter of financial year 2024-25. In comparison, the Tata Group company's loss for the similar period in the previous fiscal stood at Rs 309.3 crore.
The telecom firm’s revenue from operations for the quarter under review declined by about 5% to Rs 308.3 crore. In the January-March quarter of FY24, the company had garnered Rs 323.3 crore as revenue.
For the fiscal ended March 2025, TTML's loss widened to Rs 1,276.8 crore from Rs 1,227.5 crore in the preceding fiscal.
The Mumbai-headquartered company’s annual revenue from operations has risen 9.7% to Rs 1,308 crore in FY25 against Rs 1,191.7 crore that it had reported in FY24.
In the March quarter of FY25, the company's Ebitda stood at Rs 151.8 crore, while for the similar period in FY24, it was at Rs 142.5 crore.
In the note accompanying the financial results, the company stated that it had filed a curative petition against the review order dated Jan. 16, 2020, in the adjusted gross revenue matter.
It had requested the Supreme Court to reconsider levy of interest, penalty and interest on penalty. However, this was rejected by the Supreme Court vide order dated Aug. 30, 2024, it added.
According to the disclosure, a review application on Aug. 22, 2021m against the apex court’s order on the AGR matter also got rejected on Jan. 28, 2025.
Shares of TTML closed 0.18% lower at Rs 61.19 apiece on the BSE, compared to a 0.65% decline in the benchmark Sensex. The company filed the financial results after the stock markets had closed for Wednesday.
(With PTI inputs)
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