1. MTNL posts Rs 718 crore loss for April-June

MTNL posts Rs 718 crore loss for April-June

State-run telecom firm MTNL's standalone loss was at Rs 718.02 crore in the April-June quarter this year against that of Rs 734.24 crore in the same period a year ago.

By: | New Delhi | Published: September 13, 2016 9:28 PM
Total income of MTNL during the reported quarter declined by 4.5 per cent to Rs 744.72 crore from Rs 780.12 crore in the corresponding quarter of 2015-16. (PTI) Total income of MTNL during the reported quarter declined by 4.5 per cent to Rs 744.72 crore from Rs 780.12 crore in the corresponding quarter of 2015-16. (PTI)

State-run telecom firm MTNL’s standalone loss was at Rs 718.02 crore in the April-June quarter this year against that of Rs 734.24 crore in the same period a year ago.

Total income of MTNL during the reported quarter declined by 4.5 per cent to Rs 744.72 crore from Rs 780.12 crore in the corresponding quarter of 2015-16.

Income from basic and other services declined to Rs 612.74 crore in April-June 2016 from Rs 648.68 crore in the year-ago period.

Revenue from cellular services declined to Rs 163.01 crore from Rs 166.33 crore.

Shares of MTNL on last trading day closed at Rs 21.25 a unit, down by 2.97 per cent compared to previous close, at BSE.

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