TTML posts Rs119.32 cr net loss in Q1

CIOL Bureau
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NEW DELHI, INDIA: Telecom service provider Tata Teleservices (Maharashtra) Ltd (TTML), a Tata group company on Tuesday posted a net loss of Rs119.32 crore for the quarter ended June 30.


The company had a net profit of Rs 557.88 crore in the like period of the previous financial year, the company said in a regulatory filing.

The net sales, however, stood at Rs 584.98 crore during the quarter under review as against Rs 552.2 crore during the like period last year.

At Bombay Stock Exchange, the shares of the company closed 3.07 per cent lower at Rs.22.10.