Mumbai : TTML today announced its quarterly financial results for the first quarter ended 30th June 2014. The company continued its strategy of profitable revenue growth resulting in strong Quarter on Quarter EBITDA growth as the company grew EBIDTA by 7.3% in Q1’ FY15 over Q4’ FY14 and 10.9% Year on Year. TTML’s EBIDTA stood at Rs 180 crore for the quarter in review.
The Company showed a 4.2 per cent growth in year-on-year revenues at Rs 725 crore for the quarter ended 30th June 2014, compared to Rs 696 crore in the corresponding quarter of the previous year of financial year FY’14.
Data consumption is ever increasing and is a significant revenue driver for the company. The company continues to consolidate and strengthen its position across small screen and large screen data segments by introducing innovative, relevant and many industry first products and tariffs. The company is making significant investments to improve 3G coverage and also recently upgraded its data network to ensure a better customer experience.
Source : Sachin Murdeshwar