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Tata Teleservices ends higher after recording profit of Rs 581-cr in Q4 FY26
Tata Teleservices (Maharashtra) jumped ended at Rs 45.28 after the company reported standalone net profit of Rs 580.93 crore in Q4 FY26 as compared with net loss of Rs 306.42 crore in Q4 FY25.
Here's why shares of this Tata Group stock surged 12% on Thursday before cooling off
Tata Teleservices (Maharashtra) returned to profitability in the March quarter, but that was due to an exceptional gain owing to a provision write-back. However, adjusted for the exceptional item, its losses narrowed compared to last year.
Tata Teleservices Q4 Results: Co reports profit of Rs 581 crore vs loss a year ago
Tata Tele Services has marked a noteworthy achievement with a fourth-quarter profit of Rs 581 crore, driven by remarkable exceptional items. While revenue from operations took a hit, the company’s operating profit margin saw a noticeable improvement. Nonetheless, the persistent burden of heavy interest payments remains a challenge to profitability.
Tata Power shares gain 3% after APTEL backs parallel power distribution in Maharashtra
The Appellate Tribunal for Electricity (APTEL) has dismissed an appeal filed by Brihanmumbai Electric Supply and Transport Undertaking (BEST) against an earlier order of the Maharashtra Electricity Regulatory Commission (MERC) on parallel licensing.