Tata Teleservice (Maharashtra) Limited has posted its results for the three months ended December 2012, say news reports.

The company registered a net loss of Rs 1.97 billion in the period under consideration, owing to foreign exchange related accounting adjustments and financing costs. The company?s net loss stood at Rs 1.44 billion for the same period a year ago.

In the period under review, the company’s finance cost stood at Rs 1.38 billion and it incurred a charge of Rs 917.4 million, related to accounting adjustments in foreign exchange.

Costs related to network operations also increased by 27 per cent and stood at Rs 1.59 billion during the period under consideration, compared to Rs 1.25 billion for the same period a year ago.

The company?s revenues, however, increased by 4.19 per cent to Rs 6.51 billion from Rs 6.24 billion in the previous year.