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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