MTNL Q3 Outcomes: Decreased losses in December quarter, lowered income in income – INA NEWS
MTNL December Quarter Outcomes: The online deficit of the federal government firm Mahanagar Telecom Company Restricted was Rs 836.07 crore on the consolidated foundation within the October-December 2024 quarter. It was Rs 839.03 crore a yr in the past. Consolidated income from the operations fell 11.5 % to Rs 170.07 crore as in comparison with a yr in the past. The income was Rs 192.24 crore within the December 2023 quarter.
The corporate has instructed the inventory markets that the overall expenditure within the December 2024 quarter was Rs 1175.72 crore, which was Rs 1174.79 crore a yr in the past. Ebitda (Earnings Earlier than Curiosity, Tax, Depreciation, and Amortisation) Los elevated to Rs 128.1 crore. It was Rs 125.7 crore within the December 2023 quarter.
Share closed down 5 %
On February 14, MTNL’s inventory on BSE closed over 5 % to shut at Rs 46.86. The corporate’s market cap is Rs 2900 crore. The inventory has come down 10 % within the final one week. By the tip of December 2024, the federal government had 56.25 % stake within the firm. Within the final 2 years, MTNL shares have gained 116 %.
Not too long ago a monetary bundle of ₹ 6000 crore has been authorized
A number of days in the past there was information that the Union Cupboard has authorized a monetary bundle of about ₹ 6000 crore for Bharat Sanchar Nigam Restricted (BSNL) and MTNL. This bundle is to speed up the 4G community growth of each firms. This funding is predicted to assist each authorities telecom firms to strengthen and broaden their community infrastructure. Beneath the scheme, about one lakh 4G website might be set as much as enhance connectivity and guarantee higher community companies for shoppers.
BSNL Q3 Outcomes: Authorities Telecom Firm got here in revenue for the primary time since 2007, ₹ 262 crore determine
The federal government has already supplied monetary help of ₹ 3.22 lakh crore to BSNL and MTNL via 3 completely different revival packages. Mortgage accounts of MTNL, buried beneath heavy debt burden, have been categorised as NPA by most public sector banks in October final yr. MTNL has a mortgage of Rs 31,944.51 crore on MTNL.
MTNL Q3 Outcomes: Decreased losses in December quarter, lowered income in income
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