Tata Teleservices Maharashtra Limited (TTML) has announced its financial results for the quarter ended (QE) June 30, 2022, reporting a loss of Rs 2.95 billion. The company had posted a loss of Rs 3.18 billion for the QE June 30, 2021.

Meanwhile, the revenue from operations of TTML declined marginally to Rs 2.66 billion during the reported quarter compared to Rs 2.68 billion for the QE June 30, 2021.

Besides, the board of the company approved an extension of the term of redemption by two years starting September 18, 2022 with respect to the 201.8 million non-cumulative, non-convertible redeemable preference shares of Rs 100 each aggregating to Rs 20.18 billion that were issued to its promoter firm Tata Teleservices on preferential basis.