India's Mahanagar Telephone Nigam slips on weak Q4 results
30/05/2024 07:53
** Shares of Mahanagar Telephone Nigam MTNL.NS down as much as
2.5% to 37.05 rupees
** The telecommunications services provider's March-qtr loss
widened to 7.84 bln rupees ($94 mln) from a loss of 7.49 bln
rupees an year ago
** Revenue from operations fell 4.6% Y/Y; revenue from its
cellular segment fell 20.5% Y/Y
** Including session's move, stock is up 10.6% YTD
($1 = 83.4230 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))
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