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

By November 15th, 2014 AT 7:45 PM

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.

Also Read : DoT may offer Rs 11,000 crore to revive BSNL

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.

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

Subscribe
Notify of
guest
7 Comments
newest
oldest most voted
Inline Feedbacks
View all comments

Recent Posts

IPv4 Shouldn’t Exhaust Growth of Telecom Service Providers: Adrian Taylor

As rural broadband initiatives help bridge the digital divide, communications service providers have a wealth of opportunities to add subscribers,...

5G Will Help Both Consumers and Enterprises of India: Vivek Kalra

There is a multitude of use-cases of 5G that will be discovered and developed further once the technology arrives commercially...

Embracing and Deploying Open Networks: The Key to Taming Digital Disruption in 2021

The 2011 volcanic eruptions in Iceland led to a complete shutdown of travel across Europe for an entire week. But...