Tata Teleservices Q4 net loss narrows to Rs289cr; Stock ends at 5% upper circuit

The company's revenue from operations increased to Rs265.29cr in Q4FY21 compared to Rs258.88cr in the corresponding period of the previous year.

Apr 26, 2021 04:04 IST India Infoline News Service

Tata Group-backed telecom arm, Tata Teleservices has announced its financial performance for the quarter ending March 2021 (Q4FY21) period.

The company witnessed improvement in its bottom-line as net loss narrowed to Rs288.29cr in the quarter under review, against a net loss of Rs873.96cr a year ago same period. In December 2021 quarter, Tata Teleservices has posted a net loss of Rs297.95cr.

Further, the company's revenue from operations increased to Rs265.29cr in Q4FY21 compared to Rs258.88cr in the corresponding period of the previous year. However, Q4FY21 revenue was lower from Rs278.41cr of the preceding quarter.

On Sensex, Tata Teleservices closed at the upper circuit of Rs12.74 per piece up by 4.94%. 

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