Mahanagar Telephone Nigam Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 2,191.8 million compared to INR 2,385.9 million a year ago. Revenue was INR 4,181.4 million compared to INR 5,198.8 million a year ago. Net loss was INR 7,485.5 million compared to INR 6,005.9 million a year ago. Basic loss per share from continuing operations was INR 11.88 compared to INR 9.53 a year ago. Diluted loss per share from continuing operations was INR 11.88 compared to INR 9.53 a year ago.
For the full year, sales was INR 9,352.3 million compared to INR 11,490.4 million a year ago. Revenue was INR 15,483.2 million compared to INR 17,779.2 million a year ago. Net loss was INR 29,151.1 million compared to INR 26,031.2 million a year ago. Basic loss per share from continuing operations was INR 46.27 compared to INR 41.32 a year ago. Diluted loss per share from continuing operations was INR 46.27 compared to INR 41.32 a year ago.