Indian service provider reports Q4 income from services of Rs. 11.9B, down from Rs. 14.5B last yaer; net income rose to Rs. 2B from Rs. 14B

April 24, 2007

2 Min Read

NEW DELHI, India -- The Board of Directors of MTNL have taken on record the Unaudited financial results for the 4th Quarter ended on 31.3.2007. MTNL has made an impressive performance during this quarter-ended 31.3.2007 despite stiff competition from other operators. MTNL has generated income from services during the fourth quarter of 2006-07 of Rs. 11999.71 Million as compared to Rs.14452.85 Million during the corresponding quarter of previous year ended on 31.3.2006. The total income from services of Rs. 55609.85 Million during previous year has decreased to Rs.49234.00 Million during the current financial year i.e. by Rs. 6375.85 Million which is equivalent to 11.47%. However, as compared to the previous year, there is an increase in income from Mobile Services from Rs.5726.62 Million to Rs. 8072.22 Million i.e. by Rs.2345.60 Million which is equivalent to 40.96%.

As compared to the corresponding quarter of the previous year, there is an increase in income from Mobile Services from Rs. 1565.65 Million to Rs. 1651.59 Million i.e. by Rs.85.94 Million which is equivalent to 5.49%.

Against other income of Rs.1492.30 Million during the fourth quarter of the previous year ended on 31.03.2006, the company has earned revenue of Rs. 1861.03 Million during this quarter ended on 31.3.07 with increase of Rs.368.73 Million i.e. by 24.71%. The other income has increased to Rs.6072.90 Million in the current financial year from Rs.5300.13 Million during the previous year i.e. by Rs.772.77 Million which is equivalent to 14.58%.

As compared to previous year ending 31.3.2006, the staff expenses have gone down from Rs.19053.12 Million to Rs. 18125.21 Million i.e. by Rs.927.91 Million which is equivalent to 4.87%.

The expenses on account of Revenue Sharing during the current quarter ended on 31.3.2007 have decreased from Rs.5676.43 Million to Rs. 1992.33 Million i.e. by Rs. 3684.10 Million which is equivalent to 64.90% as compared to the corresponding quarter of the previous year. The Administrative/Operative expenses during the current quarter ended on 31.03.2007 have decreased from Rs.2715.92 Million to Rs. 2448.78 Million i.e. by Rs.267.14 Million as compared to the corresponding quarter of the previous year.

Net profit during the current quarter has increased to Rs.2063.27 Million as compared to Rs.1402.71 Million during the corresponding quarter of the previous year ending on 31.03.06. The increase in profit is by Rs.660.56 Million i.e. by 47.09%. As compared to previous year the net profit during the current year has increased from Rs. 5802.92 Million to 6431.26 Million i.e. by Rs. 628.34 Million which is equivalent to 10.83%.

During the year ended 31.03.2007, there has been a tremendous increase in the Cellular Subscriber base as MTNL has added a total of 805,639 Cellular subscribers and total Cellular subscriber have increased to 2,746,794 as on 31.03.2007.

Mahanagar Telephone Nigam Ltd. (MTNL)

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