Ortel Communications Limited (Ortel), one of the leading cable television and high speed broadband services provider focused in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh, Telangana, West Bengal, and Madhya Pradesh, announced its financial results for the quarter ended June 30, 2018.

Q1 FY2019 performance overview compared with Q4 FY 2018

  •  Total income stood at Rs. 317 million from Rs. 397 million
  •  EBITDA came in at Rs. 6 million compared to Rs. 50 million
  •  Net loss stood at Rs. 135 million compared to net loss of Rs. 802 million
  •  Total receivables stands at Rs. 239 million compared to Rs. 238 million Q1 FY 2019 performance overview compared with Q1 FY 2018
  •  Total income stood at Rs. 317 million from Rs. 502 million
  •  EBITDA came in at Rs. 6 million compared to Rs. 143 million
  •  Net loss stood at Rs. 135 million compared to net loss of Rs. 29 million
  •  Total receivables stands at Rs. 239 million compared to Rs. 767 million

Commenting on the performance, Mr. Bibhu Prasad Rath, President & CEO at Ortel Communications Ltd. said (Press Release Date: 10th August, 2018): “We continue to face challenges of higher competitive intensity, debt repayment etc. However, our receivable position has been brought under complete control during this quarter. Also the negative bottom line level of the current quarter is significantly lower than FY-18. We believe that our fresh momentum of efficiency will start from here and are very hopeful of delivering better results in coming quarters.”-BCS Bureau