The company’s revenue from operations fell by 12.3% YoY to Rs 284.25 crore, as compared to Rs 323.5 crore in the corresponding quarter of the last financial year. Other income was also down to Rs 2.11 crore, from Rs 3.67 crore in Q1FY25.
As a result of the decline in revenue from operations and other income, the company’s total income took a hit of 12.5% YoY and stood at Rs 286.36 crore
However, the Tata Group company was able to cut down on its expenses on a yearly basis to Rs 139.55 crore, which stood at Rs 188.64 crore during the same period last year.
The operating profit margin of the telecom company was at 37.91%, up from 29.05% last year, while the net loss margin was also up to 114.33% from 99.97% in the first quarter of the previous fiscal year.
The first quarter results of the company were announced during the market hours around noon, after which the shares of Tata Teleservices closed Wednesday’s session higher by 1.7% at Rs 63.72 on the BSE.Across timeframes, the shares gave negative returns to the investors, having declined by 36.20% in the last one year, by 17.8% in the current calendar year, and by 16.4% in the last 6 months. However, over the 3 month period, the stock has given a positive return of 4.13%.Also read: Vijay Kedia exits Tata stock after making multibagger returns in 5 years
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