Mahanagar Telephone Nigam (MTNL) expects to post operational profit at the end of the current financial year and turn profitable in 2017-18. The state-run telecom firm has been running in losses since 2009-10.
The company reported operating loss of Rs 526.42 crore for the January-March quarter of 2015-16. It was however able to post a net profit of Rs 174.58 crore for the quarter on account of refunds for surrendering CDMA spectrum. For the full 2015-16 fiscal, it reported operating loss of Rs 1,944.60 crore on standalone basis.
MTNL was set up by the Government of India to upgrade the quality of telecom services, expand the telecom network, and introduce new services and to raise revenue for telecom development needs of India's key metros -- Delhi and Mumbai.
Company Name | CMP |
---|---|
Bharti Airtel | 1277.60 |
Vodafone Idea | 12.46 |
Indus Towers | 343.30 |
Tata Communications | 1730.25 |
Bharti Hexacom Ltd. | 893.80 |
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