May 13, 2013

Tata Teleservices (Maharashtra) shows 6 percent growth in revenues

  • Company's revenues for Q4 FY13 is Rs702 crore, year-on-year growth of 6 percent
  • TTML EBIDTA for Q4 FY13 stands at Rs162 crore
  • Company's revenues for the year ended FY13 is Rs2,686 crore, year-on-year growth of 7 percent
  • TTML EBIDTA for the year ended FY13 stands at Rs501 crore

Mumbai: TTML today announced its quarterly and yearly financial results for the period ended March 31, 2013. The company showed a 6 percent growth in year-on-year revenues at Rs702 crore for the quarter ended March 31, 2013, compared to Rs662 crore in the corresponding quarter of the previous year.

TTML's EBIDTA stood at Rs162 crore for the quarter in review. The company maintained a strong focus on wireless broadband services. Its VAS and data revenues accounted for 37 percent of total wireless revenues in Q4 FY13.

Other highlights in the ongoing financial year saw the company registering a revenue growth of 7 percent, at Rs2,686 crore, compared to Rs2,507 crore in the previous year.

To further consolidate the success of its "Always Plus" portfolio launched in the last quarter, TTML boosted its portfolio of unlimited plans with additional plans for its Photon brand. The "Always Plus" brand offers distinct advantages with industry-best calling, data, roaming and SMS benefits. This brand philosophy was also extended in the service space with Instaconnect services which ensures hassle-free and quick SIM activation from its brand stores.