Q1 results, RPS redemption extended to 2036, new auditor and KMP appointed
TTML · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved Q1 FY27 results: revenue up 6 percent YoY at Rs 302 Cr, EBITDA at Rs 165 Cr versus Rs 147 Cr last year, but a Rs 72 Cr loss on Rs 206 Cr finance costs. Extended redemption of 20.18 crore preference shares worth Rs 2,018 Cr held by holding company Tata Teleservices till October 2036. Appointed T.P. Ostwal and Associates as statutory auditor for 5 years from 2027, replacing Price Waterhouse. Also appointed Kushalraj Sonigda as senior management personnel.
Modest revenue growth but high finance costs keep the firm loss-making. RPS extension eases a Rs 2,018 Cr liability for now. Routine governance changes.