TTML Q3 net loss rises to Rs. 197 crore

Tata Teleservice (Maharashtra) on Monday said its net loss has widened to Rs. 197.16 crore in the three months ended December 2012, mainly due to foreign exchange related accounting adjustments and financing costs.

Tata Teleservice (Maharashtra), which provides telecom services, had reported net loss of Rs. 144.62 crore for the same period a year ago.

In the period under review, the company's finance cost stood at Rs. 138.20 crore and it incurred a charge of Rs. 91.74 crore related to accounting adjustments in foreign exchange.

There was also an increase in network operation cost by 27 percent at Rs. 159.43 crore during the reported quarter compared to Rs. 125.29 crore for the same period a year ago.

The revenue, however, increased by 4.19 percent to Rs. 651 crore from Rs. 624.72 crore in the year ago period.

The Company maintained a strong focus on wireless broadband services.

''Its VAS (Value added services) and data revenues accounted for 37 percent of total wireless revenues in Q3 FY13," the company said in a statement.