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

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. 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. 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. Download - Financials

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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