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MTNL's loss narrows to Rs 624 cr in Q4 over voluntary retirement scheme

MTNL's total income declined 26.77 per cent to Rs 518.79 crore in January-March 2020, compared with Rs 708.5 crore in the year-ago period

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The company's annual revenue during the financial year 2019-20 also dipped about 15 per cent to Rs 2,316.58 crore, against Rs 2,721.5 crore in 2018-19

Press Trust of India New Delhi

1 min read Last Updated : Jul 27 2020 | 7:05 PM IST

State-owned telecom firm MTNL on Monday reported narrowing of its standalone loss to Rs 623.63 crore for the fourth quarter ended March 31, 2020, mainly on account of a reduction in headcount under the voluntary retirement scheme.

The company had posted a loss of Rs 759.27 crore in the corresponding period a year ago.

During the quarter, 14,387 employees of MTNL opted for the voluntary retirement scheme.

MTNL's total income declined 26.77 per cent to Rs 518.79 crore in January-March 2020, compared with Rs 708.5 crore in the year-ago period.

For the full financial year 2019-20, the firm's losses widened

Topics : MTNL