Online
|
|
BSE Announcements on TataTeleservice
Posted by :
MMB MessengerTata Teleservices Maharashtra Ltd has informed BSE regarding a Press Release dated October 29, 2009 titled "Tata Teleservices Maharashtra Ltds registers sequential quarter on quarter revenue growth of 7%"...
BSE Announcements on TataTeleservice
Posted by : MMB Messenger
Tata Teleservices Maharashtra Ltd has announced the following Audited results for the quarter ended September 30, 2009:
The Company has posted a net loss of Rs (1079.80) million for the quarter ended September 30, 2009 as compared to net loss of Rs (473.50) million for the quarter ended September 30, 2008. Total Income has increased from Rs 5182.40 million for the quarter ended September 30, 2008 to Rs 5450.80 million for the quarter ended September 30, 2009.
The Audited Consolidated Results are as follows
The Group has posted a net loss of Rs (1161.20) million for the quarter ended September 30, 2009 as compared to net loss of Rs (474.00) million for the quarter ended September 30, 2008. Total Income has increased from Rs 5181.70 million for the quarter ended September 30, 2008 to Rs 5495.00 million for the quarter ended September 30, 2009....
wake up guys
Posted by :
shivanna
With the launch of GSM services with innovative idea of per second billing, which got tremendous response in the market, Tata Teleservices Maharashtra (TTML) has reported 9% growth in revenue on Q-o-Q and 5% growth Y-o-Y to Rs 538.60 crore for the quarter ended September 2009. Due to higher business promotion and advertising expenses and subscriber acquisition costs due to launch of GSM services, the OPM for the quarter dipped 780 bps sequentially and 1000 bps on Y-o-Y to 20.5%. Further the significant reduction in tariffs has impacted the margins of the company like other players in the industry. Consequently the operating profit was also lower 21% sequentially to Rs 110.18 crore. The loss at PAT level stood at Rs 116.12 crore, 239% higher sequentially and 145% higher on Y-o-Y.
The company has added 1.6 million subscribers during Q2 FY10 (5.09 lakh subscribers in Q1 FY10) with total subscriber base reaching to 9.6 million.
Consolidated performance for the quarter ended September 2009
With the launch of GSM services during the quarter with tremendous response in the market, the company could report 9% growth in Revenue on Q-o-Q and 5% growth Y-o-Y to Rs 538.60 crore. Due to higher business promotion expenses and subscriber acquisition costs due to launch of GSM services, the OPM for the quarter dipped 780 bps sequentially and 1000 bps on Y-o-Y to 20.5%. Further the significant reduction in tariffs has impacted the margins of the company like other players in the industry. Consequently the operating profit was also lower 21% sequentially to Rs 110.18 crore.
With higher other income (Rs 6.71 crore against 1.49 crore in Q1 FY10), which was more than offset by higher interest cost and depreciation charges on Y-o-Y due to new capex on GSM network. After considering forex loss of Rs 5.28 crore and EO gain of Rs 4.19 crore on sale of dark fibre and bandwidth capacities (against Rs 9.18 crore forex gain and Rs 16.66 crore EO loss in Q1 FY10), the loss at PAT level stood at Rs 116.12 crore, 239% higher sequentially and 145% higher Y-o-Y.
Consolidated performance for the Six months ended September 2009
For the Six months ended September 2009, the revenue increased by 2% Y-o-Y to Rs 1033.86 crore. The OPM for the period however dipped by 620 bps to 24.2% due to pressure on margin and higher expenses in Q2 FY10 due to launch of GSM services. As a combined result, operating profit stood 19% lower to Rs 249.91 crore.
The interest cost for the period was 47% higher at Rs 167.92 crore (excluding foreign exchange fluctuation loss). The depreciation charges for the period were 10% higher at Rs 253.15 crore and after considering Forex loss of Rs 8.28 crore (against forex loss of Rs 54.20 crore) and EO income of Rs 20.85 crore during H1 FY10 against Nil in H1 FY09, the loss at PBT after EO level increased by 84% Y-o-Y to Rs 150.38 crore. The company has not made any provision for current income tax due to anticipation of no taxable income for the period. At the end the company has reported net loss of Rs 150.38 crore, 83% higher from Rs 82.20 crore in H1 FY09.
Promoters Holding
As of September 30, 2009, promoters hold 77.72% shares (77.75% at end of sequential quarter), foreign investors hold 10.7% (0.93% at end of sequential quarter), MFs, Banks and other institutions hold 1.05% (0.73% at end of sequential quarter), and others hold 20.15% (20.58% at end of sequential quarter). The promoters have pledged 94.28 crore shares as on 30th September 2009 (63.92% of promoters holding and 49.70% of total share capital of the company), same as on 30th June 2009.
The shares of the company are currently trading at around Rs 27 (LTP on 29...
all day dreamers just see the results
Posted by : shivannaTata Teleservices Maharashtra reported net loss of Rs 107.98 crore in the quarter ended September 2009 as against net loss of Rs 47.35 crore during the previous quarter ended September 2008. Sales rose 2.30% to Rs 498.32 crore in the quarter ended September 2009 as against Rs 487.14 crore during the previous quarter ended September 2008. ...
Tata Tele rings in more subscribers, again
Posted by : kss63Why is coy showing a loss for last cosecutive five financial years? You can see the financial results it has shown Net Profit ranging from (-140 crore) to (-250 Crore). What is the reason / strategy of company by showing or declaring negative growth. When is it likely to show positive profits? Krrish...
Tata Teleservices bags highest subscriber additions
Posted by : kss63
Hi
I am unable to understand that this particular compony is showing negative net profit since 2004 onwards not even a single year has it shown a positive net profit. It is showing its net assets always in negative. Is it some kind of diversionary plan or it is part of some larger planning. Can some one throw some light and what are the propects of company with this background? Krrish...
Tata Teleservices bags highest subscriber additions
Posted by : SM_1
Well i thought today result will be announced, which are expected to be good.
After result announcement, it might go to 36.
BTW being dreamer is not wrong, gives more satisfaction once fulfilled.
...
Tata Teleservices bags highest subscriber additions
Posted by : gultu1r u a dreamer?no ways it cannot touch 36 tomarrow trading at 28 rs right now...............
Tata Teleservices bags highest subscriber additions
Posted by : VarnerI do not think so....
Tata Teleservices bags highest subscriber additions
Posted by :
saburi2009If it is true, why the stock is sliding continuosly? ...
Tata Teleservices bags highest subscriber additions
Posted by : SM_1Tommorow result will be announced.. It may touch Rs 36 tomorrow....
Tata Teleservices bags highest subscriber additions
Posted by : shahdivyesh2001yes ...
Tata Teleservices bags highest subscriber additions
Posted by : SunnyDeppthe way DOCOMO and tata-CDMA is penetrating into the layers of every circle is simply stunning. i will not be surprised if this stock reaches triple digits in the next 2 quarters. my sense is at Rs.29/ share now, this stock is going to be a multi bagger for sure.... grab it! ...
Tata Teleservices bags highest subscriber additions
Posted by : nevis
what about TTML ?
Are they adding good numbers ?...
Tata Teleservices bags highest subscriber additions
Posted by :
saan
Continuing its growth momentum, Tata Teleservices (TTSL) today said it has added over 40 lakh (4 million) new subscribers in September, becoming the top grosser in the industry in terms of new subscriber additions for the second consecutive month.
Tata Teleservices, the company which started the per second billing model early this year, added 40 lakh (4 million) new subscribers in September, while Bharti Airtel managed 25 lakh (2.5 million) subscriber additions.
TTSL that offers both GSM and CDMA mobile services said in a statement, the company has emerged again as the number one telecom operator in the country in terms of new subscriber additions.
Last month, the operator added 3.4 million new subscribers which catapulted it to the top spot in terms of new subscriber additions in that month.
“While TTSL has shown a growth of over 17 per cent in terms of new wireless subscriber additions in September 2009, other telecom operators have shown flat or negative growth in new additions in the same period,” the company claimed.
TTSL Managing Director Anil Sardana said, “It is extremely gratifying to emerge as the top grosser in the industry in terms of new subscriber additions in September - this validates all the efforts that have been put into making our network and services the best in the industry.”
So far, TTSL has launched its GSM services under the brand name TATA DOCOMO in 10 Circles and the remaining circles are set to go live by the end of the year.
Recently, the company announced offers, such as Pay Per Call paradigm on Tata Indicom, the diet-sms offer from TATA DOCOMO and per-second pulse on its GSM network .
“These initiatives by TTSL, and many others that we will be launching in coming months, will see the company emerging as India’s telecom operator of choice,” Sardana added.
...
