Tuesday, November 29, 2022
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MTNL Q2 loss widens to Rs 737 cr, revenue declines 23.5% to Rs 220 cr

State-owned telecom agency on Monday reported widening of loss to Rs 737 crore on a standalone foundation within the second quarter ended September.

The corporate had registered a lack of Rs 653.21 in the identical interval a yr in the past, based on a regulatory submitting.

The income from operations declined 23.5 per cent to Rs 220.21 crore throughout the second quarter of the present fiscal from Rs 287.89 crore within the year-ago interval.

The corporate’s finance value was over two-and-half occasions than its income at Rs 581.01 crore whereas workers expense accounted for about 60 per cent of the entire income at Rs 131.99 crore.

(Solely the headline and movie of this report could have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)

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