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MTNL posts Q2 net loss of Rs 730.64 cr 14/11/2017 17:12

The company reported standalone net loss during the quarter stood at Rs 730.64 crore as compared to net loss of Rs 768.32 crore in the previous year quarter.

Net revenue of the company declined moderately by 11.61 per cent at Rs 642.23 crore in July-September quarter of this fiscal as against Rs 726.56 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 11.82 per cent to Rs 888.82 crore from Rs 1,007.95 crore in year ago period.

Other Income grew by 5.00 per cent at Rs 148.87 crore versus (Sep'16 Rs 141.78 crore).

Operating Profit slipped by 11.54 per cent to Rs -246.59 crore as against Rs -278.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.08 per cent in September quarter.

Interest grew by 2.00 per cent y-o-y to Rs 366.22 crore

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