State-run telecom firm MTNL today reported a standalone net loss of Rs 730.83 crore for the third quarter ended December 31, 2014. Also Read - Let our firms take part in 5G trials, China tells India
The company had reported a net profit of Rs 428.03 crore in the corresponding quarter last fiscal, MTNL said in a filing to the BSE. The telecom operator, which provides services in Delhi and Mumbai, had reported a net profit for the same quarter last year mainly on account of exceptional income of Rs 1,404.88 crore. The company’s total income for the October-December quarter stood at Rs 816.92 crore as compared to Rs 853.39 crore a year ago. Also Read - DoT permits telecom service providers to go ahead with 5G trials
The employee costs for the company stood at Rs 628.67 crore while licence fees and spectrum charges amounted to Rs 61.35 crore for the reported quarter. MTNL said broadband subscribers as on December 31, 2014 stood at 11.83 lakh. “Despite the fact that MTNL provides broadband services only in Delhi and Mumbai, it has consistently been the third largest broadband service provider in the entire country,” it said. The company has deployed adequate capacity for mobile and broadband connections to meet the demand, MTNL added. Also Read - BSNL takes over MTNL network in Delhi, Mumbai: Will 4G services launch now?
Shares of the company closed at Rs 28.30 apiece, up 2.72 per cent on the BSE.