India's MTNL drops as quarterly loss widens
18/11/2024 06:32
** Shares of Mahanagar Telephone Nigam Ltd (MTNL) MTNL.NS
down as much as 4.7% to 42.23 rupees, its lowest in over four
months
** State-run telecom firm's Sept-qtr consol net loss widened
to 8.90 bln rupees ($105.5 mln) from 7.93 bln rupees a year ago
** Rev from ops dropped 12% y/y to 1.74 bln rupees, expenses
grew 4.5%
** Stock last down ~2%, trimming YTD gains to 29%
($1 = 84.3820 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
((Manvi.Pant@thomsonreuters.com; +918447554364;))
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