MTNL Q4 results: Net loss widens to Rs 817 cr on high finance costs

State-run telecom company MTNL has reported widening of losses to Rs 817.58 crore in the fourth quarter ended March 31, 2024, mainly on account of high finance costs, according to a regulatory filing.

The company had recorded a loss of Rs 745.78 crore in the same period a year ago.

The finance cost of the loss-making telecom PSU increased to Rs 688.93 crore from Rs 640.91 crore a year ago.

The revenue from operations of MTNL fell by about 5 per cent to Rs 192.66 crore during the reported quarter from Rs 202.35 in March 2023 quarter.