iWorld
Tata Teleservices reports strong Q2 growth, driven by data services expansion
Mumbai: Tata Teleservices Maharashtra Limited (TTML) has announced its financial results for the second quarter of fiscal year 2025, revealing significant strides in revenue growth driven by the ongoing expansion of its data services. The company’s performance reflects a resilient strategy amidst India’s evolving telecom landscape, with a clear focus on capitalising on the surge in data demand.
For the quarter ended 30 September 2024, TTML reported a year-over-year (YoY) revenue increase of 8.5 per cent, reaching Rs 320 crores. This growth was largely attributed to an uptick in enterprise data services, which now constitute a substantial portion of the company’s business. Despite the competitive environment, TTML’s efforts to strengthen its presence in the data services market have yielded promising results, signalling a shift away from legacy voice-based revenue streams.
The quarter also saw a significant reduction in losses. Net loss narrows to Rs 125 crores compared to Rs 140 crores in the same period last year, representing an 11 per cent improvement. This was mainly due to improved operational efficiencies and strategic cost management initiatives implemented across the organisation. The focus on higher-margin data services has contributed to the containment of operational expenses, which fell by 4 per cent YoY.
TTML’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) margin also saw a positive shift, improving to 29 per cent from 26 per cent in Q2 FY24. This three-percentage-point expansion in EBITDA margin reflects the company’s disciplined approach towards optimising its cost structure while maintaining revenue growth. The EBITDA itself rose to Rs 93 crores, a 20 per cent increase YoY, marking the company’s highest quarterly EBITDA in recent years.
The half-year performance mirrors this positive trend. For the six months ending September 2024, TTML achieved a revenue growth of 7.9 per cent YoY to Rs 628 crores. Net losses for the period, however, totaled Rs 262 crores, slightly reduced from Rs 278 crores in the corresponding period last year, as the company continued to streamline its operations. The results indicate a gradual improvement in the financial health of the company, even as the broader telecommunications sector grapples with regulatory and competitive pressures.
A notable highlight for the quarter was the significant increase in demand for TTML’s IoT solutions, which cater to a variety of industries including manufacturing, logistics, and healthcare. With enterprises increasingly adopting digital solutions for operational efficiency, TTML’s enterprise-grade data services have seen robust adoption, contributing to the 15 per cent YoY growth in the company’s data revenue segment.
Moving forward, TTML plans to continue investing in expanding its data infrastructure and launching innovative solutions tailored for enterprise customers. While challenges remain, including ongoing regulatory uncertainties and market competition, the company’s strategic pivot to data services places it on a solid trajectory for further growth.
The board meeting, held on 24 October, 2024, reviewed these results and reaffirmed the company’s commitment to achieving operational excellence. As the industry continues to shift towards data-centric services, TTML’s efforts to reduce its debt burden and improve financial stability will be crucial for sustaining this growth momentum.
iWorld
Banijay Asia’s The 50 tops OTT charts with 8.1 million JioHotstar views
Reality competition becomes most watched show on JioHotstar in debut week.
MUMBAI: Fifty contestants walked into a palace, but millions of viewers showed up for the drama. Reality competition The 50, produced by Banijay Asia, has emerged as the most watched show on JioHotstar, clocking 8.1 million views in its debut week. The figure, reported by Ormax Media, places the show at the top of the OTT viewership charts and marks a strong opening for the digital reality format.
Adapted from a popular French format, The 50 brings together 50 personalities from television, digital platforms, music and reality shows inside a grand palace setting. Over the course of a 50 day competition, participants form alliances, compete in unpredictable tasks and navigate eliminations as the field steadily narrows.
Guiding the game is a mysterious figure known as The Lion, an unseen game master whose voice introduces twists, challenges and strategic turns throughout the show, adding an extra layer of suspense to the contest.
What distinguishes The 50 from typical reality competitions is its audience driven prize structure. Instead of the winner taking home the final reward, the prize is awarded to one of the winner’s registered followers through the show’s dedicated app. The mechanism effectively turns viewers into participants, allowing fans to have a direct stake in the outcome.
The contestant lineup features a mix of television actors, reality stars and digital creators, including Karan Patel, Urvashi Dholakia, Divya Agarwal, Mr Faisu and Dushyant Kukreja, each bringing their own fan following to the show.
With its blend of celebrity personalities, strategic gameplay and interactive viewer participation, The 50 has quickly carved out a strong foothold in India’s digital entertainment landscape. Its 8.1 million views in the opening week underline the growing appetite for large scale reality formats designed specifically for OTT audiences.
