TTML net profit slips

BS 200 SCORECARD

Tata Teleservices (Maharashtra) Ltd (TTML) has posted a higher net loss of Rs 127.69 crore in the first quarter ended June 30, 2005, compared with a net loss of Rs 98.93 crore recorded during the same period of the previous financial year.

The company's total income rose to Rs 239.96 crore during the quarter under review, as against Rs 196.38 crore posted during the first quarter a year ago, TTML said in a release .

TTML's earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 9.97 crore during the quarter (Rs 3.81 crore ).

posted during the comparable period of last financial year. The company's income from telecommunication services rose to Rs 239.69 crore during the quarter from Rs 195.98 crore posted in Q1 of the 2005 financial year, it said.

During the quarter, holders of foreign currency convertible bonds (FCCB) amounting to $3.10 million had exercised their option to convert it to equity, resulting in an increase of paid-up equity share capital by Rs 5.52 crore.