Tata Teleservices (Maharashtra) Limited (TTML) has reported a loss of Rs 1.59 billion for the quarter ended September 2014, as against the loss of Rs 1.65 billion reported during the corresponding quarter ended September 2013. The company registered an increase in net revenues from 6.77 billion in July-September 2013 to Rs 7 billion in July-September 2014.
TTML experienced a decline in its losses before other income, finance cost and exceptional items from Rs 338.5 million for the quarter ended September 2013 to Rs 224.8 million for the corresponding quarter in 2014.
During July-September 2014, the company launched Phase II of the Rev-B technology which led to an increase in its customer acquisitions.
