Debt, intense competition in Odisha and fall in revenue has affected the Multi system operator (MSO) Ortel Communication’s net loss for the fiscal second quarter ended 30 September. The loss doubled to Rs 5.7 crore compared to a net loss of Rs 2.9 crore in the quarter ended 30 June.
The total subscriber base of Ortel stood at 8.31 lakh.
Its EBITDA came down 19.8% to Rs 9.2 crore from Rs 11.5 crore. EBITDA margin fell to 20.5% compared to 24.2%. Revenue from operations fell 5.7% to Rs 44.1 crore from Rs 46.8 crore a quarter ago. Expenditure remained flat at Rs 35.6 crore compared to Rs 35.9 crore.
The collection from its Cable TV business stood at Rs 66 crore, out of the total receivables of Rs 87 crore.
Its EBITDA came down 19.8% to Rs 9.2 crore from Rs 11.5 crore. EBITDA margin fell to 20.5% compared to 24.2%. Revenue from operations fell 5.7% to Rs 44.1 crore from Rs 46.8 crore a quarter ago. Expenditure remained flat at Rs 35.6 crore compared to Rs 35.9 crore.
The collection from its Cable TV business stood at Rs 66 crore, out of the total receivables of Rs 87 crore.
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