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     Prices as on Jan 15, 2021     
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News Details

MTNL posts Q2 net loss of Rs 573.40 cr

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11/11/2020 19:20
The company reported standalone net loss during the quarter stood at Rs 573.40 crore as compared to net loss of Rs 949.80 crore in the previous year quarter.

Net revenue of the company declined moderately by 13.01 per cent at Rs 321.26 crore in July-September quarter of this fiscal as against Rs 369.32 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 65.91 per cent to Rs 282.57 crore from Rs 828.99 crore in year ago period.

Other Income dipped by 47.70 per cent at Rs 125.16 crore versus (Sep'19 Rs 239.30 crore).

Operating Profit surged by 108.42 per cent to Rs 38.69 crore as against Rs -459.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 109.67 per cent in September quarter.

Interest grew by 5.42 per cent y-o-y to Rs 509.74 crore