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MTNL posts Q4 net loss of Rs 900.20 cr 30/05/2018 17:20

The company reported standalone net loss during the quarter stood at Rs 900.20 crore as compared to net loss of Rs 634.80 crore in the previous year quarter.

Net revenue of the company declined substantially by 30.18 per cent at Rs 492.35 crore in January-March quarter of this fiscal as against Rs 705.17 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 6.37 per cent to Rs 907.73 crore from Rs 969.48 crore in year ago period.

Other Income dipped by 35.00 per cent at Rs 167.67 crore versus (Mar'17 Rs 257.95 crore).

Operating Profit surged by 57.16 per cent to Rs -415.38 crore as against Rs -264.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 125.11 per cent in March quarter.

Interest grew by 9.17 per cent y-o-y to Rs 394.38 crore

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