Tata Tele Q2 net loss at Rs47.35 cr

Tata Tele Q2 net loss at Rs47.35 cr

PTI

Mumbai: Tata Teleservices Maharashtra today said its net loss for the second quarter ended 30 September stood at Rs47.35 crore.

The loss has reduced marginally from Rs49.31 crore in the year-ago period.

The total income rose 20.72% to Rs518.24 crore for the quarter under review, from Rs429.30 crore in the corresponding period last fiscal, Tata Tele said in a filing to the Bombay Stock Exchange.

However, for the six months ended 30 September, Tata Teleservices registered a net loss of Rs82.07 crore, against a net loss of Rs77.72 crore in the year-ago period.

The total income from telecommunication services for the half-year period rose to Rs1,015.18 crore, from Rs836.70 crore in the year-ago period.

Shares of Tata Tele were trading at Rs12.90, down 7.19% in the late afternoon trade on the BSE.

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