Tata Teleservices (Maharashtra) (532371) Q2 24/25 earnings summary

Executive summary

• Audited financial results for the quarter and half year ended September 30, 2024, were approved by the Board on October 24, 2024.

• The company continues to operate as a going concern, supported by a letter from its ultimate holding company to address liquidity needs for the next 12 months.

Financial highlights

• Revenue from operations for Q2 FY25 was ₹343.50 crore, up from ₹323.50 crore in Q1 FY25 and ₹345.03 crore in Q2 FY24.

• Net loss for Q2 FY25 stood at ₹330.39 crore, compared to ₹323.40 crore in Q1 FY25 and ₹310.23 crore in Q2 FY24.

• EBITDA for Q2 FY25 was ₹138.74 crore, marginally higher than ₹138.53 crore in Q1 FY25 and ₹127.32 crore in Q2 FY24.

• Loss per share for Q2 FY25 was ₹(1.69), compared to ₹(1.65) in Q1 FY25 and ₹(1.59) in Q2 FY24.

Outlook and guidance

• The company expects to meet its funding requirements and continue operations, based on support from its holding company.