MTNL posts another Q3 loss of Rs 730.83 crore

By February 13th, 2015 AT 12:09 PM

Mahanagar Telephone Nigam Limited (MTNL), the state-run telco operating in Delhi and Mumbai, has reported yet another quarter of net loss Rs 730.83 crores for the third quarter ended December 31, 2014.

MTNL Mobile

Similarly, (MTNL) recorded a Rs.733.23 crore net loss for the first quarter (April-June) of 2014-15. The company had reported a net profit of Rs 428.03 crore in the corresponding quarter last fiscal, MTNL said in a filing to the Bombay Stock Exchange. It reported a net profit for the same quarter last year mainly on account of exceptional income of Rs 1,404.88 crores.

The total income declined by over 4% and stood at Rs 816.92 crore for the third quarter ended December against Rs 853.39 crore in the same quarter previous year. The employee costs for the company stood at Rs 628.67 crore while license fees and spectrum charges amounted to Rs 61.35 crores for the third quarter.

The company broadband subscribers as on December 31, 2014 stood at 11.83 lakh.

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Kiran TopleSSArif Recent comment authors
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Kiran Tople
Kiran Tople

Every company faces loses but to overcome of it is worth, Merging MTNL & BSNl will surely overcome losses but it requires daily practices to track losess & its causes. And then plan to over come losses, Advertisment plays important role in taking company ahead also various new products will make better way to overcome losses & take company to new height, The national mobile number portability may be seen transforming MTNL / BSNL to new height.

Kiran Tople
Kiran Tople

Merging of MTNL & BSNL will be worth, only if regular practises would be attempted to find losses & causes for same.
And as per dealing on best tariffs & packs not just in benefit for customer but to benefit company by raising customer base.

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