05 Dec 2019 | 9:08 PM

News

COMPANYNEWS
MTNL posts Q2 net loss of Rs 949.80 cr
  Mahanagar Telephone Nigam Ltd. | 05 Dec 2019 | 04:01 PM
Published on 11-15-2019
The company reported standalone net loss during the quarter stood at Rs 949.80 crore as compared to net loss of Rs 859.05 crore in the previous year quarter.


Net revenue of the company declined moderately by 16.84 per cent at Rs 369.32 crore in July-September quarter of this fiscal as against Rs 444.12 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 2.15 per cent to Rs 828.99 crore from Rs 811.53 crore in year ago period.


Other Income grew by 35.10 per cent at Rs 239.30 crore versus (Sep`18 Rs 177.13 crore).


Operating Profit surged by 25.11 per cent to Rs -459.67 crore as against Rs -367.41 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 50.44 per cent in September quarter.


Interest grew by 14.39 per cent y-o-y to Rs 483.55 crore