MTNL reports yet another Quarter of loss, Net loss amounts to Rs. 834.22 Cr

State-run operator Mahanagar Telephone Nigam Ltd (MTNL) has posted a net loss of Rs 834.22 crore in the second quarter of this fiscal. Down from Rs 947.1 crore loss posted in the same quarter last year. For the quarter ended 30th September, total income from operations increased to Rs 850.7 crore. Which is lesser than Rs 856.02 crore posted in the same quarter last year.

MTNL Mobile

Revenues from basic (Fixed line) services continues to dominate MTNL’s revenues. The segment reported revenues of Rs 669.3 crore for the quarter, down from Rs 670.5 crore in the previous quarter but up from Rs 640.82 crore in the same quarter last year. The loss before tax was nearly flat at Rs 317.4 crore for the quarter, down from Rs 318.3 crore loss in the previous quarter. A huge improvement from Rs 499.6 crore loss posted in the same quarter last year.

Basic services contributed for 78.7% of MTNL’s net income for the quarter, as compared to 78% contribution in the same quarter last year. The company’s revenues from cellular services declined to Rs 185.5 crore for the quarter, down 1.9% from Rs 189.1 crore in the previous quarter but up 3.8% from Rs 178.7 crore in the same quarter last year.

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The loss before tax increased to Rs 119.7 crore for the quarter, up from Rs 111.3 crore loss in the previous quarter but improved from Rs 122.3 crore in the same quarter last year.

The cellular services accounted for 21.8% of MTNL’s net income for the quarter, as compared to 22% in in the same quarter last year.

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7 Comments on "MTNL reports yet another Quarter of loss, Net loss amounts to Rs. 834.22 Cr"

 

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Arif
November 17, 2014 6:54 am 6:54 AM

Aunties sitting on counter of MTNL are very lazy and most of time don’t know or sure about plan and other things.

sagar
November 17, 2014 2:40 pm 2:40 PM

you are right mostly they wrong info on customor care and some of them give right

pankaj
November 17, 2014 11:04 am 11:04 AM

well said…thats true….

irfan
November 17, 2014 2:23 am 2:23 AM
the failure of the BSNL and the MTNL is purely because of their Fu*****king old staff who know shit about their job these two Govt. players have the most financial and technical resource which these shit eating oldies wasted and their attitude has shown them these days that they are almost on the verge of getting closed and the most important of the fact is they still have not changed and if you go to take a mtnl connection you will still have the face their shrewd behaviour and they behave as if the customer is dog and they are… Read more »
PD
November 16, 2014 11:31 am 11:31 AM

The top level mangers should be shown the door handing over a PinkSlip for their ‘outstanding’ non-perfomance ! The lower middle and lower level staff are not allowed to perform by these lot. No inventories are in place at exchanges and hence the fixedline segment is in complete doldrum. Wireless wing too lack initiatives an competitiveness. The PSUs are counting their days. Soon Telecom ministry will have to be shut down !

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