Aishwarya Technologies and Telecom Limited has reported a 75 per cent year on year reduction in its losses from Rs 11.75 million for the quarter ended December 2013 to Rs 2.93 million for the quarter ended December 2014. This was due to a 54 per cent increase in its revenues from Rs 61.28 million in October-December 2013 to Rs 94.36 million for the corresponding period in 2014.
Meanwhile, for the period under consideration, the company also posted a 22 per cent increase in expenditure from Rs 79.02 million to Rs 96.15 million.
On the operating font, the company was able to reduce its losses from Rs 17.74 million for the quarter ended December 2013 to Rs 1.79 million for the quarter ended December 2014.
