<p>The company had a net profit of Rs 21.30 crore for the July-September quarter last year, MTNL said in a statement.<br /><br />"Staff cost has increased in comparison with the corresponding period last year on account of wage revision implemented and accounted for in Q4 of 2009-10 and thereafter," the company said.<br /><br />Further, with reference to Q1 of 2010-11, the difference in arrears of wage revision of Rs 44 crore for 2008-09 and 2009-10 is also accounted for this quarter, it added.<br /><br />Total income has also decreased to Rs 1,095.23 crore for the quarter ended September 30, from Rs 1,120.80 crore in the same period previous fiscal.<br /><br />The company, which has paid a one-time charge of Rs 11,097.9 crore on account of 3G and BWA liability (over 15-20 years), has amortised Rs 157.6 crore for Q2 FY'11.<br /><br />MTNL with 5.28 million subscribers, offers services in two circles -- Delhi and Mumbai as on December 31, 2010.<br /><br />The company's scrip closed at Rs 69.60 on the BSE, down 1.28 per cent from the previous close.</p>
<p>The company had a net profit of Rs 21.30 crore for the July-September quarter last year, MTNL said in a statement.<br /><br />"Staff cost has increased in comparison with the corresponding period last year on account of wage revision implemented and accounted for in Q4 of 2009-10 and thereafter," the company said.<br /><br />Further, with reference to Q1 of 2010-11, the difference in arrears of wage revision of Rs 44 crore for 2008-09 and 2009-10 is also accounted for this quarter, it added.<br /><br />Total income has also decreased to Rs 1,095.23 crore for the quarter ended September 30, from Rs 1,120.80 crore in the same period previous fiscal.<br /><br />The company, which has paid a one-time charge of Rs 11,097.9 crore on account of 3G and BWA liability (over 15-20 years), has amortised Rs 157.6 crore for Q2 FY'11.<br /><br />MTNL with 5.28 million subscribers, offers services in two circles -- Delhi and Mumbai as on December 31, 2010.<br /><br />The company's scrip closed at Rs 69.60 on the BSE, down 1.28 per cent from the previous close.</p>