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MTNL posts Rs.733 crore net loss in Q1

  •   Thu, Aug 14 2014 05:37:41 PM

Mumbai, Aug 14 (IANS): The state-owned telecommunications company Mahanagar Telephone Nigam Ltd (MTNL) recorded a Rs.733.23 crore net loss for the first quarter (April-June) of 2014-15, a filing in the Bombay Stock Exchange (BSE) by the company stated.

The company posted Rs.1,256.21 crore net loss during the corresponding period last fiscal (2013-14).

The total incomes from operations of the company stood at Rs.856.02 crore for the June quarter in 2014-15 compared ro Rs.883.16 crore reported during the corresponding period last fiscal.

The stocks of the company were trading at Rs.29.35 per scrips, up 2.62 percent at 3.53 p.m.

 
  

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Comment on this article

  • B B Sharma, Delhi

    Fri, Aug 15 2014

    The financial health of the company is going down from bad to worse.
    This is due to lack of good governance and bold decisions at higher management level.
    There is no reward for good workers and no punishment for non performers.
    The monthly salaries of every one is secured even without yielding any result.
    Good workers work only with self motivation which gradually reduces and they also become non performers.
    CMD and all Directors must be true professionals and recognized leaders from the industry and necessarily not from DOT/BSNL/MTNL and must have a stake in the company.

    DisAgree Agree [1] Reply Report Abuse


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Title: MTNL posts Rs.733 crore net loss in Q1



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