TATA Teleservices financial results for the Quarter ended June 30, 2009
Subscriber base crosses 8 million; TTML network once again rated absolutely congestion free by Telecom Regulatory Authority of India (TRAI); Q1 EBITDA grows by 19% over Q4 FY 08-09
Tweet-- TATA Teleservices (Maharashtra) Limited today announced consolidated financial results for the Quarter ended June 30, 2009.
Quarterly Highlights:
· Revenues grew 1.7% to Rs. 513 crores for the quarter ended June 30, 2009, compared to Rs. 505 crores for the quarter ended June 30, 2008.
· EBITDA grew 1.9% to Rs. 158 crores for the quarter ended June 30, 2009, compared to Rs. 155 crores for the corresponding quarter of the previous year; EBITDA growth of 19% as compared to EBITDA of the immediate preceding quarter.
· EBITDA margin of 31%.
· TTML is the only network across Mumbai and Maharashtra to be rated congestion free in four consecutive reports published by TRAI. At the beginning of the year, TTML had also been rated in independent studies commissioned by TRAI as the No. 1 wireless operator in terms of overall customer satisfaction in its geography.
· 8 million subscribers milestone crossed in the quarter ended June 30, 2009, with 42% growth over the 5.6 million subscriber base registered in the corresponding quarter of the previous year.
· Successful launch of express wireless broadband service, Photon+, with VAS and data revenues increasing from 12.3% of wireless revenues in Q1 of FY 08-09 to 15.4% of wireless revenues in Q1 of FY 09-10.
· Net Loss was at Rs 34.26 Crores, compared to Rs 39.27 Crores in the immediate preceding quarter, and Rs 34.72 Crores in the quarter ended June 30, 2008.
Notes to Editor
Tata Teleservices (Maharashtra) Limited is India's premier telecommunication service provider licensed to provide telecommunication services in Maharashtra (including Mumbai) and Goa. It focuses on all market segments, i.e. commercial, residential and public telephony. Tata Teleservices (Maharashtra) Limited has over 8 million customers in Maharashtra and Goa. These include reputed corporates, SMEs and residential customers. The company was recently rated the No. 1 wireless operator in terms of overall customer satisfaction across Maharashtra (including Mumbai) and Goa, in surveys commissioned by the Telecom Regulatory Authority of India (TRAI). The company is listed on the Bombay Stock Exchange (BSE) (Scrip code-532371) and the National Stock Exchange (NSE) (Scrip symbol – TTML).