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The agency had reported a lack of Rs 298 crore over the identical interval a yr in the past.
The corporate’s income from operations, nonetheless, rose 2 per cent on-year to Rs 284.2 crore in October-December.
The inventory tanked to a low of Rs 171.80 as in opposition to Rs 180.80 at earlier shut on the Nationwide Inventory Change.
The corporate’s gathered losses as of December 31, 2021, have exceeded its paid-up capital and reserves, reviews stated.
“The corporate has incurred web loss for the quarter and 9 months ended December 31, 2021 and present liabilities exceeded its present property as at that date. It has obtained a help letter from its Promoter indicating that the Promoter will take needed actions to arrange for any shortfall in liquidity in the course of the interval of 12 months from the stability sheet date,” Tata Teleservices stated in an change submitting.
In accordance with reviews, the corporate nonetheless stated that it’s assured of its capacity to satisfy the funds requirement and to proceed its enterprise as a going concern and accordingly, the monetary outcomes have been ready on that foundation.
Earlier this month, Tata Tele had introduced its choice to not go for conversion of curiosity associated to AGR dues into fairness, because the curiosity quantity eligible for such conversion has turned out to be far lesser than the corporate’s personal calculations. END
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