Tata Tele Q2 net loss at Rs 47.35 cr

Written By DNA Web Team | Updated:

Tata Teleservices Maharashtra said its net loss for the second quarter ended September 30 stood at Rs 47.35 crore.

MUMBAI: Tata Teleservices Maharashtra on Monday said its net loss for the second quarter ended September 30 stood at Rs 47.35 crore.
    
The loss has reduced marginally from Rs 49.31 crore in the year-ago period.
    
The total income rose 20.72 per cent to Rs 518.24 crore for the quarter under review, from Rs 429.30 crore in the corresponding period last fiscal, Tata Tele said in a filing to the Bombay Stock Exchange.
    
However, for the six months ended September 30, Tata Teleservices registered a net loss of Rs 82.07 crore, against a net loss of Rs 77.72 crore in the year-ago period.
    
The total income from telecommunication services for the half-year period rose to Rs 1,015.18 crore, from Rs 836.70 crore in the year-ago period.
    
Shares of Tata Tele were trading at Rs 12.90, down 7.19 per cent in the late afternoon trade on the BSE.