State-run telecom firm MTNL today reported narrowing of standalone loss to Rs 730.64 crore in the second quarter ended September 30, 2017 mainly on account of reduction in employees remuneration and benefits.
The company had posted a loss of Rs 768.32 crore in the same period a year ago.
The employees remuneration and benefits, which accounts for about 70-80 per cent of MTNL's total income, reduced to Rs 623.19 crore in the reported quarter from Rs 699 crore a year ago.
The finance cost of the company increased to Rs 366.22 crore from Rs 359.05 crore during the period under review.
The loss from cellular service in the similar category was Rs 117.4 crore while it earned Rs 94.12 crore from the segment in the reported quarter.
Shares of MTNL today closed at Rs 22.25 a unit, down by 2.84 per cent compared to previous close, at the BSE today.
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