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MTNL Q4FY11 Results: Net Loss Down 30% YoY; Service Revenues Decline

State run telecom service provider Mahanagar Telephone Nigam Limited (MTNL) has announced financial results for the quarter ended 31st March 2011. The company’s total income for the quarter saw a decrease of 5% year on year, closing at Rs 855.01 crore in comparison to Q4-FY10’s Rs 900.22 crore, and a sequential decline of 7%. Net loss MTNL for for Q4-FY11 was Rs. 1099.5  crore, compared with Rs. 671.04 crore loss the previous quarter, and a loss of Rs. 1573.7 crore for the same quarter last year. Results | Press Release Annual Results On an annual basis, MTNL's total earnings (unaudited) increased by 1.59% to Rs 3841.21 crore from Rs 3781 crore, for the year ended 31st March 2011. The company registered a net loss of Rs 2826.95 crore during the year, compared to last year's losses of Rs 2610.97 crore.…

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