Tata Teleservices Maharashtra (TTML) has, for the first time, posted profits, thanks to the windfall from the sale of its tower business. Its net profit was Rs 558 crore as compared to a net loss of Rs 23 crore made in the same quarter last year. Its total revenues went up by 174 per cent to Rs 1,395 crore for the quarter, as compared to Rs 509 crore last year. The company had sold its tower subsidiary, 21st Century Infra, for Rs 1,318 crore to Quippo Telecom Infrastructure in March. Its income from telecom revenues for the quarter was Rs 552 crore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app