MTNL Reports Q2

NEW DELHI, India -- The Board of Directors of MTNL have taken on record the Unaudited Financial Results for the 2nd quarter ended on 30.09.2007.

MTNL has made an impressive performance during this quarter-ended 30.09.2007 despite on going strong competition from other operators and also downward revision of port charges etc based on regulatory changes. MTNL has generated net income from services during the second quarter of 2007-08 of Rs.11985.25 million as compared to Rs. 11956.87 for the previous quarter ending 30.06.2007 and Rs.12190.24 Million during the corresponding quarter of previous year ended on 30.09.2006.

As compared to the corresponding quarter of the previous year there is an increase in income from Mobile services from Rs.1891.36 Million to Rs.2188.99 Million i.e. by Rs.297.63 Million which is equivalent to 15.74 %.

The staff expenses during this quarter ended on 30.09.2007 has gone down from Rs.4655.83 Million to Rs.4284.51 Million i.e. by Rs.371.32 Million as compared to the corresponding quarter of the previous year ended on 30.09.2006. This is mainly due to VRS, which was implemented in the year 2005-06 & 2006-07.

Mahanagar Telephone Nigam Ltd. (MTNL)