Tata Teleservices Reports Profit of ₹581 Crore in Q4, Rebounding from Losses
Tata Teleservices Q4 Results: Co reports profit of Rs 581 crore vs loss a year ago
The Economic Times
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Tata Teleservices reported a profit of ₹581 crore in the fourth quarter, a significant recovery from a loss of ₹306 crore in the same quarter last year. This turnaround was mainly due to exceptional items worth ₹663 crore, although revenue from operations declined by 4% year-on-year to ₹296 crore.
- 01Tata Teleservices achieved a profit of ₹581 crore in Q4, compared to a loss of ₹306 crore a year ago.
- 02Revenue from operations fell by 4% year-on-year to ₹296 crore.
- 03The profit was largely driven by exceptional items totaling ₹663 crore.
- 04Loss before exceptional items was ₹82 crore, indicating operational improvement.
- 05Sequentially, the company improved from a loss of ₹150 crore in the previous quarter.
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Tata Teleservices (TTML) reported a profit of ₹581 crore for the fourth quarter, a remarkable recovery from a loss of ₹306 crore in the same quarter last year. The company's revenue from operations decreased by 4% year-on-year to ₹296 crore. The significant turnaround in profitability was primarily attributed to exceptional items amounting to ₹663 crore, which masked the underlying operational challenges. Excluding these one-off gains, TTML would have reported an operating loss. On a sequential basis, the company improved from a loss of ₹150 crore in the December quarter to a profit, reflecting a notable shift driven by these exceptional gains rather than core business performance. Loss before exceptional items narrowed to ₹82 crore, suggesting some operational improvement, even as the company grapples with declining revenue.
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The reported profit indicates a potential for improved services and investments, which could benefit customers and employees alike.
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