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.
Gaming
Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
