wordpress blog stats
Connect with us

Hi, what are you looking for?

MTNL reports Rs 744.97 crore loss for Q1-FY16; Cellular revenues 21% of total

MTNL-Revenues-Q1-FY16

State run telco MTNL has reported yet another quarter of losses: Rs 744.97 crore loss for the quarter ended September 30, 2014, up 1.6% from Rs 733.2 crore loss in the previous quarter but up 25.2% from Rs 595.11 crore loss in the same quarter last year.

The total operational revenue for MTNL also dipped 6.5% to Rs 800.2 crore for the quarter, from Rs 856.02 crore in the same quarter last year.

Basic Services: Revenues from Basic (Fixed line and Broadband) services continues to dominate MTNL’s revenues, with the segment reporting revenues of Rs 640.78 crore for the quarter, down 4.4% from Rs 670.48 crore in the same quarter last year, and down 6.9% from Rs 688.05 crore in the last sequential quarter.

MTNL-Basic-Services-Q1-FY16

The loss before tax was nearly flat at Rs 307.1 crore for the quarter, from Rs 318.32 crore loss in the same quarter last year.

Basic services contributed for 80.1% of MTNL’s net income for the quarter, as compared to 78.3% contribution in the same quarter last year.

The Rs 9600 crore profit reported two years ago is because of exceptional items totalling Rs 10,216.1 crore, because the government had decided to take over the pension liabilities of the telco.

Cellular Services: Revenues from Cellular services declined to Rs 164.63 crore for the quarter, down 12.9% from Rs 189.09 crore in the same quarter last year.

MTNL-Q1-FY16-Cellular-Mobile

The loss before tax increased to Rs 131.06 crore for the quarter, from Rs 111.34 crore in the same quarter last year.

Cellular services accounted for 20.57% of MTNL’s net income for the quarter, as compared to 22.09% in the previous quarter.

DownloadFinancials

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

E-commerce marketplace IndiaMART InterMESH Ltd. reported a 34.5% increase in traffic on a year-on-year (YoY) basis, growing to 253 million in the quarter ended...

News

HDFC Bank reported a net profit of ₹8,758.3 crore, for the October to December quarter of 2020, up by 18% from ₹7416.5 crore in...

News

BSNL and MTNL, the two state-owned telecom operators, turned EBITDA-positive and made some operating profit in the first half of the financial year ending...

News

Video-conferencing company Zoom Video Communications Inc. did not disclose the total number of customers using its platform, but said that around 433,700 organisations with...

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