MTNL Q1 Loss Narrows to ₹842 Cr, Revenue Soars 26.2%
By Business Desk
State-owned MTNL narrows Q1 net loss to ₹842 crore, marking a significant improvement from last year. Revenue jumps 26.2% to ₹217 crore.
State-owned Mahanagar Telephone Nigam Limited (MTNL) reported a consolidated net loss of Rs 842 crore for the June quarter, signaling a notable improvement from the prior year’s performance. This financial update indicates a positive trajectory as the company works to reduce its losses.
Key Financial Highlights
- Consolidated Net Loss (June Quarter): Rs 842 crore
- Net Loss (Same Period Last Year): Rs 943 crore
- Total Revenue (June Quarter): Rs 217 crore
- Total Revenue (Prior Year): Rs 172 crore
- Year-on-Year Revenue Growth: 26.2%
- EBITDA Loss (June Quarter): Rs 643 crore
- EBITDA Loss (Corresponding Quarter Previous Year): Rs 699 crore
The telecommunications provider successfully narrowed its net loss for the June quarter to Rs 842 crore, a significant reduction from the Rs 943 crore reported in the same period last year. This substantial decrease in losses highlights the company’s efforts in financial management and operational streamlining.
MTNL’s revenue demonstrated robust growth, surging by 26.2% year-on-year to reach Rs 217 crore in the June quarter. This marks a considerable increase from the Rs 172 crore generated in the corresponding quarter of the previous year, reflecting strong top-line expansion.
Further strengthening its financial position, the company’s EBITDA loss also saw a notable improvement. The loss narrowed to Rs 643 crore, down from Rs 699 crore recorded in the prior year’s June quarter, indicating enhanced operational efficiency and cost control measures.