New Delhi, Nov 14 (PTI) State-owned telecom firm MTNL on Monday reported widening of loss to Rs 737 crore on a standalone basis in the second quarter ended September.

The company had registered a loss of Rs 653.21 in the same period a year ago, according to a regulatory filing.

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The revenue from operations declined 23.5 per cent to Rs 220.21 crore during the second quarter of the current fiscal from Rs 287.89 crore in the year-ago period.

The company's finance cost was over two-and-half times than its revenue at Rs 581.01 crore while employees expense accounted for about 60 per cent of the total revenue at Rs 131.99 crore.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)