Comments
Enterprise data services provider Tulip Telecom today reported a consolidated net loss of Rs 157.05 crore for the quarter ended June 30, 2013.
The company had reported a net profit of Rs 116.36 crore in the corresponding quarter of last financial year.
Total revenue of the company was also down 64.54 per cent to Rs 254.06 crore for the reported quarter as compared to Rs 716.50 crore for the same period last year, the company said in a BSE filing.
The company had executed a Master Restructuring Agreement (MRA) with its Corporate Debt Restructuring (CDR) lenders in July this year.
The CDR package covers 12 year repayment plan, reduction in interest rates by around 2.5 per cent, 1.5 year moratorium on interest and 2.5 year moratorium on principal.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.