Tata Teleservices (Maharashtra) (532371) Q3 24/25 earnings summary

Executive summary

• Unaudited financial results for the quarter and nine months ended December 31, 2024, were approved and reviewed with an unmodified opinion from statutory auditors.

• 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 Q3 FY25 was ₹332.77 crore, down from ₹343.50 crore in the previous quarter and up from ₹296.03 crore year-over-year.

• EBITDA for Q3 FY25 stood at ₹149.79 crore, up from ₹138.74 crore sequentially and nearly flat year-over-year.

• Net loss for Q3 FY25 was ₹315.11 crore, compared to a net loss of ₹330.39 crore in the previous quarter and ₹307.69 crore in Q3 FY24.

• Nine-month net loss reached ₹968.90 crore, compared to ₹919.10 crore for the same period last year.

• Basic and diluted loss per share for Q3 FY25 was ₹1.61, compared to ₹1.69 in the previous quarter and ₹1.57 in Q3 FY24.

Outlook and guidance

• The company remains confident in its ability to meet funding requirements and continue operations, based on support from its holding company.