*Big Hogwash: MTNL Q4*.
 Announcement about Q4 results of MTNL clear proves that govt is in
overdrive as far as sloganeering and creating false perceptions is
concerned. Unfortunately, media also not applying its mind and CCP
whatever press release are dished out by govt and semi-govt bodies.
In all section of media, MTNL has turned the corner and after years of huge
huge losses, MTNL with magical wand of BJP's PRO war room, has made profit of 174 crores in Q4.

However, simple look at Q4 nos will reveal that forget making profit,
LOSS in Q4 have increased. There are exceptional one-off gains
amounting to Rs 1072 crores being Tax write-back and Exceptional
income (nature of same not explained).

If we remove these exceptional receipts of 1072 crores,  there is LOSS
of Rs 897 crores. And it is nearly impossible to make MTNL profitable
in its operations. Employee cost alone takes away nearly 80% of its
revenues. And with Finanace cost and all other operational costs, its
quarterly losses are more than its sales/revenues. In Q4, MTNL has
incurred LOSS of 897 crores on REVENUE of Rs 834 crore