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News Details

MTNL posts Q1 net loss of Rs 636.41 cr

Back
15/09/2020 15:10
The company reported standalone net loss during the quarter stood at Rs 636.41 crore as compared to net loss of Rs 1053.04 crore in the previous year quarter.

Net revenue of the company declined moderately by 14.62 per cent at Rs 352.07 crore in April-June quarter of this fiscal as against Rs 412.35 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 60.95 per cent to Rs 333.09 crore from Rs 852.91 crore in year ago period.

Other Income dipped by 7.15 per cent at Rs 103.17 crore versus (Jun'19 Rs 111.11 crore).

Operating Profit surged by 104.31 per cent to Rs 18.98 crore as against Rs -440.56 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 105.04 per cent in June quarter.

Interest grew by 10.76 per cent y-o-y to Rs 525.77 crore