Mahanagar Telephone Nigam has received an income tax refund for assessment year 2000-01 amounting to ₹112.95 crore. The amount includes ₹52.35 crore towards interest on the refund, it said. The telecom major posted a net profit of ₹174.60 crore for the quarter ended March 2016 on revenues of ₹835.80 crore. However, for fiscal 2015-16, MTNL had reported a loss of ₹2,005.72 crore on revenues of ₹3,197.41 crore.
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