In the preceding quarter, the company posted a net profit of Rs 174.58 Cr after surrendering 800 Mhz of CDMA spectrum for Rs 428.95 Cr in March. MTNL has been in a continuous streak of losses since Q1 FY15. In the same quarter last year, MTNL reported a loss of Rs 734.24 Cr.

MTNL reports a net loss of Rs 781.02 for Q1 FY17

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