State run telco MTNL has reported a profit of Rs 9,600 crore for the quarter ended March 31, 2014 (Q4-FY14), on account of an exceptional items totalling Rs 10,216.1 crore. While the company hasn't disclosed any specific information on what this exceptional item is, it has noted that it has accounted the excess amount of pension already paid w.e.f 01.10.2000 against recoverable amount from the government as an exceptional item, following the government's decision to take over the pension liabilities of the telco as per the pattern of BSNL. MTNL notes that the Indian government has decided to take over the liability for payment of pensionary benefit w.e.f 01.10.2000 as per the pattern of BSNL. This came into effect from March 3, 2014. Without the exceptional items, the company would've posted a loss of Rs 118.5 crore for the quarter as against Rs 976.8 crore loss…
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