Tata Tele Maha Q1 loss narrows to Rs 318.45 crore

New Delhi: Telecom operator Tata Teleservices (Maharashtra) on Tuesday reported narrowing of its loss to Rs 318.45 crore for the first quarter ended June 30. The company had recorded a loss of Rs 1,069.26 crore in the same quarter a year ago.

Tata Teleservices (Maharashtra) Limited (TTML) revenue from operations increased by 10.16 per cent to Rs 268.03 crore during the quarter, from Rs 243.3 crore in the year-ago period.

The accumulated losses of the company as of June 2021 have exceeded its paid-up capital and reserves.