PW Bureau
The state-run company had posted a net loss of Rs 900 crore in the corresponding quarter of financial year 2017-18
New Delhi: Telecom service provider Mahanagar Telephone Nigam Ltd (MTNL) narrowed its standalone loss in the fourth quarter of financial year 2018-19 to Rs 755.51 crore, primarily due to lower expenses. The state-run company had posted a net loss of Rs 900 crore in the corresponding quarter of FY2017-18. However, the PSU’s consolidated loss widened to about Rs 3,388 crore for the entire financial year ended March 2019 from Rs 2,970.9 crore in 2017-18.