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Stock Report
TATA Teleservices (Maharashtra) Limited Operating profit crosses Rs 200 Crs. in 9 months
Posted On : 2007-01-20 12:11:12( TIMEZONE : IST )
Mumbai, January 19, 2007: TATA Teleservices (Maharashtra) Limited today announced financial results for the third quarter and nine months ended December 31, 2006.
- EBITDA crossed Rs. 200 Cr. in Nine months
- EBITDA margins more than doubled in Nine months
- Cash profit of Rs. 78 Cr. in Nine months compared to cash loss of Rs. 47 Cr. in the corresponding period of the previous year
- Subscriber base grew by 62% in Nine months
Financial Results Summary
- Q3 revenue grew by 27% at Rs.367 Cr. compared to Rs.290 Cr. in the corresponding quarter of the previous year.
- Nine months revenue grew by 31% at Rs.1033 Cr. compared to Rs.789 Cr. in the corresponding period of the previous year.
- Q3 loss reduced by 54% at Rs.59 Cr. compared to Rs.129 Cr. in the corresponding quarter of the previous year.
- Nine Months loss reduced by 32% at Rs.265 Cr. compared to Rs.389 Cr. in the corresponding period of the previous year.
- Q3 EBITDA grew by 144% at Rs.83 Cr. compared to Rs.34 Cr. in the corresponding quarter of the previous year.
- Nine months EBITDA grew by 194% at Rs.206 Cr. compared to Rs.70 Cr. in the corresponding period of the previous year.
- Q3 EBITDA margin is at 23% compared to 12% in the corresponding quarter of the previous year
- Nine months EBITDA margin is at 20% compared to 9% in the corresponding period of the previous year.
- Q3 Cash Profit at Rs. 42 Crs. compared to Cash Loss of Rs. 9 Crs. in the corresponding quarter of the previous year
- Nine months Cash Profit is Rs. 78 Cr. compared to Cash Loss of Rs. 47 Crs. in the corresponding period of the previous year.
Thrust on Rural and Enterprise markets enabled robust Q3 performance. The total Subscriber base crossed 27 lakhs. Optimization of operations was achieved through planned cost control measures coupled with enhanced productivity.
A strategic two level training program was implemented during the quarter ensuring certification of all employees towards enhancing the quality of customer service.
