Tata Teleservices (Maharashtra) Limited (TTML) has released its financial results for the third quarter (Q3) ended December 31, 2021. The company witnessed its losses widening to about Rs 3.02 billion for the quarter compared to the year-ago period. TTML losses stood at Rs 2.98 billion in the year-ago period.
The revenue from operations rose to Rs 2.84 billion, growing by 2 per cent year-on-year (Y-o-Y) in the quarter under consideration.
With this, the accumulated losses of the company as of December 31, 2021 have exceeded its paid-up capital and reserves.
Meanwhile, according to a regulatory filing, the company has incurred net loss for the quarter and nine months ended December 31, 2021 and the company’s current liabilities exceeded its current assets as on that date.
