State run telecom service provider Mahanagar Telephone Nigam Limited(MTNL) has posted total revenues of Rs 833 crore for the quarter ending June 30, 2012 (Q1-FY13), recording a 2.61% dip from Rs 843 crores in the previous quarter and 0.02% growth from Rs 813.1 crores in the corresponding quarter in the fiscal 2012.

Net loss for MTNL stood for Q1-FY13 stood at Rs 1058 crore, a 22.91% decline from Rs 1374.4 crore loss in Q4 2012 and 24.62% increase from Rs 849 crore loss in the corresponding quarter last year (Q1-FY12).

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Highlights

– MTNL offers basic landline, broadband and cellular services in the two cities of Delhi and Mumbai and its major share of revenue comes from basic services.  MTNL’s income from basic services during Q1 2013 was Rs 653.3 crore, a decline from Rs 667.8 crore in the previous quarter but growth compared to Rs 645.3 crore in the corresponding quarter, last year. The company incurred a loss of Rs 599.3 crore from basic service operations, an increase from Rs 526.4 crore loss in the corresponding quarter last year.

– MTNL’s cellular services generated revenues of Rs 183.3 crore during Q1 2013, a decline from Rs 180.6 crore in the previous quarter but growth from Rs 175.9 crore in the corresponding quarter last year. The company incurred a loss of Rs 164 crore from its cellular service operations, a significant increase from Rs 83.5 crore loss in the corresponding quarter last year. MTNL was the first telco, along with BSNL to offer 3G services and offers one of the lowest 3G data tariffs in the cities where it offers services.

– MTNL had accounted for Rs 285 crore during the previous year towards wet lease for infrastructure and other services provided for the Commonwealth Games, of which Rs 43 crore is subject to acceptance and final settlement. A claim of Rs 41 crore has not been booked subject to final acceptance and settlement.

– Income from subscribers’ deposits, recharge coupons, ITC cards, and stock of recharge coupons and leased circuits is under process.

Related:

MTNL Q2-FY12 Results: Net Loss At Rs 864.1 Crore; Revenues Down 15.7% YoY
MTNL Q1FY12 Results: Net Loss At Rs.850 Crore; Broadband ARPU At Rs.586
MTNL Q4FY11 Results: Net Loss Down 30% YoY; Service Revenues Decline