MTNL's Q2 financial results show mixed performance, with highest PAT and EPS but lowest net sales.

Mahanagar Telephone Nigam Limited (MTNL), a smallcap telecom provider, recently declared its financial results for the quarter ended June 2024. According to the data released on August 14, 2024, the company's stock has been given a 'Sell' call by MarketsMOJO.

The financial performance of MTNL for the quarter has been flat, with a score of 0 compared to 2 in the previous quarter. However, there are some positive aspects to the company's performance. The Profit After Tax (PAT) for the quarter was the highest in the last five quarters at Rs -773.46 crore, indicating a positive trend in the near term. Similarly, the Earnings per Share (EPS) for the quarter was also the highest in the last five quarters at Rs -12.28, showing an increase in profitability and creating higher earnings for shareholders.

On the other hand, there are some areas of concern for MTNL. The Net Sales for the quarter were the lowest in the last five quarters at Rs 183.85 crore, with a negative trend in the near term. Additionally, the Non Operating Income for the quarter was the highest in the last five quarters at Rs 198.50 crore, but this increase may not be sustainable as it comes from non-business activities.

Overall, MTNL's financial performance for the quarter has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.