wordpress blog stats
Connect with us

Hi, what are you looking for?

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.

The loss is being attributed to one time charges on account of 3G spectrum and BWA liability of Rs.11097.97 crore, for which Rs. 157.61 crore has been amortized for the quarter ending 31st march 2011. An amount of Rs. 301.48 crore is accounted for by MTNL “towards wet lease for infrastructure and other services provided by MTNL in respect of Commonwealth Games”. Rs 242 crore has been received by MTNL during the last financial year.

Highlights

MTNL offers basic landline, broadband and cellular services in the two cities of Delhi and Mumbai. MTNL’s major share of revenue comes from basic services. The company’s income from basic services during Q4FY11 was Rs 655.03 crore, a decline compared to Rs 699.55 crore  that it earned during the same quarter, last year. The total income from basic services for FY11 as a whole was Rs 3117 crore, an increase from FY10’s income of Rs 3003.5 crore.

MTNL’s cellular services generated revenues of Rs 158.1 crore during Q4FY11, a decrease compared to Rs 183.9 crore that it generated in Q4FY10. On an yearly basis the revenue declined from FY10’s Rs 705.5 crore to Rs 648.8 crore. MTNL was the first telco, along with BSNL to offer 3G services. It offers 3G data at the lowest tariffs in the cities where it offers services, at the time of writing this post. Note that MNP or mobile number portability was launched in Q4FY11.

Related:
MTNL Q3 FY11 Results: Net Loss Up By 11%

You May Also Like

News

Yes Bank Ltd posted a net profit of ₹151 crore during the third quarter of the current financial year compared to a net loss...

News

Key takeaways Network18’s digital news revenue increased by 50% YoY for the second consecutive quarter Consolidated Net Profits grew 125% YoY Network18 Digital saw...

News

Netflix’s two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service,...

News

Media company HT Media Limited posted a consolidated operational revenue of ₹341 crore, which is down 40% YoY and up 31% over the previous...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ