6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

F O R M  6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of

November 2012

Commission File Number:   333-13944

MAHANAGAR TELEPHONE NIGAM LIMITED

 (Name of Registrant)

Mahanagar Doorsanchar Sadan, 5th floor, 9, CGO Complex, Lodhi Road

New Delhi 110003, India

 (Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F S Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): *

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): *

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  * No S

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_____

Mahanagar Telephone Nigam Limited (MTNL)

TABLE OF CONTENTS

Exhibit

99.1           Unaudited reviewed  financial results for the quarter ended September 30, 2012.

99.2           Limited review report.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Mahanagar Telephone Nigam Limited (Registrant)
By:	/s/ S. R. Sayal
	Name: S. R. Sayal
	Title: Company Secretary

Date:   November 21, 2012

EX-99.1

MAHANAGAR TELEPHONE NIGAM LIMITED

( A Govt. of India Enterprise)

Regd. Office : Mahanagar Doorsanchar Sadan, 5th Floor, 9, CGO Complex, Lodhi Road, New Delhi-110003

STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER AND SIX MONTHS ENDED ON 30.09.2012

(Rs. in Million)

S. No.	Particulars	3 months ended 30/09/2012		Preceding 3 months ended 30/06/2012		Corresponding 3 months ended 30/09/2011 in the previous year		Year to date figures for Current period ended 30/09/2012		Year to date figures for the previous year ended 30/09/2011		Previous year ended 31/03/2012
	(Refer Notes Below)	UNAUDITED		UNAUDITED		UNAUDITED		UNAUDITED		UNAUDITED		AUDITED
1	2	3		4		5		6		7		8
1	Income from operations
	(a) Net income from operations	8,374.22		8,304.87		8,583.76		16,679.09		16,656.81		33,481.25
	(b) Other operating income	46.25		25.19		22.71		71.44		81.48		251.28
	Total income from operations (Net)	8,420.47		8,330.05		8,606.47		16,750.53		16,738.29		33,732.53
2	Expenses
	(a1) Employee benefits other than retirement benefits	4,618.81		4,738.07		4,234.08		9,356.88		8,640.79		17,700.31
	(a2) Employee benefits for retirement benefits (Actual Payouts)	1,295.35		1,268.84		1,236.19		2,564.19		2,317.75		4,814.40
	(a3) Employee benefits for retirement benefits (Provisions)	3,787.22		3,787,23		2,541.38		7,574.45		5,531.85		14,600.92
	(b) Revenue Sharing	1,063.29		1,147.69		1,290.05		2,210.98		2,362.81		4,539,95
	(c) Licence Fees and Spectrum Charges	624.82		728.59		722.23		1,353,41		1,418.08		2,787.90
	(d) Depreciation and Amortisation expense	3,625.34		3,680.57		3,586.61		7,305.91		7,150.73		14,962,15
	(e) Administrative, Operative & Other Expenses	2,002.05		1,722.06		1,771.02		3,724.11		3,279.71		8,444.77
	Total Expenses	17,016.88		17,073.04		15,381.56		34,089.93		30,701.72		67,850.39
3	Profits/(Loss) from Operations before other income, Finance cost and exceptional items (1-2)	(8,596.41	)	(8,742.98	)	(6,775.10	)	(17,339.40	)	(13,963.43	)	(34,117.86	)
4	Other Income	447.70		877.43		484.10		1,325.13		1,031.45		2,511.64
5	Profit / (Loss) from ordinary activities before Finance cost and exceptional items (3+4)	(8,148.71	)	(7,865.55	)	(6,291.00	)	(16,014.27	)	(12,931.98	)	(31,606.22	)
6	Finance costs	2,788.54		2,727.29		2,350.38		5,515.83		4,209.34		9,491.62
7	Profit / (Loss) from ordinary activities after Finance cost but before exceptional items (5-6)	(10,937.25	)	(10,592.84	)	(8,641.37	)	(21,530.10	)	(17,141.31	)	(41,097.84	)
8	Exceptional items	-		-		-		-		-		-
9	Profit/ (Loss) from ordinary activities before tax (7-8)	(10,937.25	)	(10,592.84	)	(8,641.37	)	(21,530.10	)	(17,141.31	)	(41,097.84	)
10	Tax expense
	(a) Provision for Current Tax	-		-		0.47		-		0.95		-
	(b) Taxes for earlier period written back/paid	-		-		-		-		-		-
	(c) Provision for Deferred Tax	-		-		-		-		-		-
11	Net Profit/ (Loss) from ordinary activities aftertax (9-10)	(10,937.25	)	(10,592.84	)	(8,641.85	)	(21,530.10	)	(17,142.27	)	(41,097.84	)
12	Extraordinary items	-		-		-		-		-		-
13	Net Profit/ (Loss) for the period (11-12)	(10,937.25	)	(10,592.84	)	(8,641.85	)	(21,530.10	)	(17,142.27	)	(41,097.84	)
14	Paid-up equity share capital (Face value of Rs.10/-each)	6,300.00		6,300.00		6,300.00		6,300.00		6,300.00		6,300.00
15	Reserves excluding Revaluation Reserves as per balance sheet of previous accountina vear											19,066.97
16	Earning Per Share (EPS)
	(a) Basic and Diluted EPS (before extraordinary items)	(17.36	)	(16.81	)	(13.72	)	(34.17	)	(27.21	)	(65.23	)
	(a) Basic and Diluted EPS (after extraordinary items)	(17.36	)	(16.81	)	(13.72	)	(34.17	)	(27.21	)	(65.23	)
17	Public shareholding
	a) Number of shares	275,621,260		275,621,260		275,621,260		275,621,260		275,621,260		275,621,260
	b) Percentage of shareholding	43.75	%	43.75	%	43.75	%	43.75	%	43.75	%	43.75	%
18	Promoters and Promoter Group Shareholding
	a) Pledged/ Encumbered
	- Number of shares	0		0		0		0		0		0
	- Percentage of shares (as a % of the total shareholding of promoter and promoter group)	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
	- Percentage of shares (as a % of the total share capital of the  company)	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%	0.00	%
	b) Non - encumbered
	- Number of shares	354,378,740		354.378,740		354,378,740		354,378,740		354,378,740		354,378,740
	- Percentage of shares (as a % of the total shareholding of the Promoter and Promoter Group)	100.00	%	100.00	%	100.00	%	100.00	%	100.00	%	100.00	%
	- Percentage of shares (as a % of the total share capital of the company)	56.25	%	56.25	%	56.25	%	56.25	%	56.25	%	56.25	%
19	The status of investor complaints received and disposed of during the 3 months period ended on 30.09.2012 is as under:
	Pending at the beginning of the quarter	0
	Received during the quarter	3
	Disposed of during the quarter	3
	Remained unresolved at the end of the quarter	0

Notes:

1   The above results have been reviewed and recommended for adoption by the Audit Committee in their meeting held on 09.11.2012 and approved by the Board of Directors of the Company at their meeting held on the same date. The Statutory Auditors have carried out a Limited Review of the financial results as required under Clause-41 of the Equity Listing Agreement. Figures of previous year /period have been reclassified/regrouped whereever necessary to conform to current year/ period presentations.

2   The above results have been finalised by providing for retirement benefits discounting factor @8.50% in accordance with the yield of central government securities, 4% increase in dearness relief of pension, 3.50% on salary escalation & 0.50% on attrition rates as per the proportionate liability worked out on the basis of previous year liability.

	For and on behalf of the Board
Place : New Delhi	A.K. Garg
Date : 09.11.2012	Chairman & Managing Director

MTNL - STANDALONE UNAUDITED SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER AND SIX MONTHS ENDED ON 30.09.2012

(Rs. in Million)

S. No.	Particulars	3 months ended 30.09.2012			Preceding 3 months ended 30.06.2012			Corresponding 3 months ended 30.09.2011 in the previous year			Year to date figures for Current period ended 30.09.2012			Year to date figures for the previous period ended 30.09.2011			Previous year ended 31.03.2012
		UNAUDITED			UNAUDITED			UNAUDITED			UNAUDITED			UNAUDITED			AUDITED
1	2		3			4			5			6			7			8
1.	Segment Revenue
	Basic Services		6,688.91			6532.86			6755.20			13221.77			13208.23			26682.95
	Cellular		1,844.12			1833.41			1919.01			3677.53			3678.28			7310.16
	Unallocable		-			0.00			0.00			0.00			0.00			(0.69	)
	Total		8533.02			8366.27			8674.20			16899.30			16886.50			33992.41
	Less: Inter Segment Revenue		112.55			36.22			67.73			148.77			148.21			259.88
	Net Revenue from Operations		8420.47			8330.05			8606.47			16750.53			16738.29			33732.53
2.	Segment Results (Profit / (Loss) before finance cost, prior period items and tax)
	Basic Services		(5,844.68	)		(5993.84	)		(4784.57	)		(11838.52	)		(10049.13	)		(22478.37	)
	Cellular		(1,606.02	)		(1640.98	)		(846.36	)		(3247.00	)		(1681.44			(6158.30	)
	Unallocable		(667.88	)		(220.26	)		(658.10	)		(888.14	)		(1199.38	)		(2319.38	)
	Total		(8118.58	)		(7855.09	)		(6289.02	)		(15973.66	)		(12929.95	)		(30956.04	)
	Less: Finance cost		2,788.54			2727.29			2350.38			5515.83			4209.34			9491.62
	Less: Prior period items		30.14			10.47			1.98			40.61			2.04			650.18
	Profit / (Loss) before tax		(10937.25	)		(10592.84	)		(8641.37	)		(21530.101	)		(17141.33	)		(41097.84	)
	Less: Provision for Current Tax & Deferred tax		-			0.00			0.47			0.00			0.95			0.00
	Less: Taxes for earlier period(s) written back/paid		-			0.00			0.00			0.00			0.00			0.00
	Profit / (Loss) after tax		(10937.25	)		(10592.84	)		(8641.85	)		(21530.10	)		(17142.27	)		(41097.84	)
3.	Capital Employed
	(Segment Assets - Segment Liabilities)
	Basic Services		(29,954.58	)		(22089.11	)		(5346.67	)		(30484.90	)		(5346.67	)		(13615.11	)
	Cellular		58,373.53			61564.92			67961.33			58903.85			67961.33			63832.76
	Unallocable		(24,541.27	)		(24647.17	)		(13719.62	)		(24541.27	)		(13719.62	)		(24850.68	)
	Total		3877.68			14828.64			48895.04			3877.68			48895.04			25366.97

	For and on behalf of the Board
Place : New Delhi	A.K. Garg
Date : 09.11.2012	Chairman & Managing Director

MTNL - STANDALONE UNAUDITED STATEMENT OF ASSETS AND LIABILITIES

(Pursuant to Clause 41 (I) (ea) of the Equity Listing Agreement (as amended))

					(Rs. in Million)
	Particulars	As at current half year ended 30.09.2012			As at previous year ended 31.03.2012
		Unaudited			Audited
A	EQUITY AND LIABILITIES
1	Shareholders' Funds
	(a) Share capital		6,300.00			6,300.00
	(b) Reserves & Surplus		(2,422.32	)		19,066.97
	Sub total Shareholders' Funds		3,877.68			25,366.97
2	Non current liabilities
	(a) Long term borrowings		70,000.00			70,000.00
	(b) Other long term liabilities		30,211.31			29,349.78
	(c) Long term provisions		89,596.33			82,047.80
	Sub total Non current liabilities		189,807.65			181,397.59
3	Current liabilities
	(a) Short term borrowings		31,680.51			26,474.93
	(b) Trade payables		2,553.48			2,559.40
	(c) Other current liabilities		27,109.69			25,238.98
	(d) Short term provisions		7,681.90			8,033.51
	Sub total Current liabilities		69,025.58			62,306.83
	TOTAL - EQUITY AND LIABILITIES		262,710.91			269,071.39
B	ASSETS
1	Non current assets
	(a) Fixed assets		161,464.78			166,571.70
	(b) Non current investments		2,219.79			2,219.79
	(c) Long term loans and advances		47,362.06			49,366.95
	(d) Other non current assets		34,445.48			31,695.37
	Sub total Non current assets		245,492.11			249,853.81
2	Current assets
	(a) Current investments		200.00			2,700.00
	(b) Inventories		940.95			1,005.62
	(c) Trade Receivables		3,903.91			3,288.32
	(d) Cash and cash equivalents		1,492.15			868.33
	(e) Short term loans and advances		8,348.16			8,042.86
	(f) Other current assets		2,333.63			3,312.44
	Sub total Current assets		17,218.80			19,217.58
	TOTAL - ASSETS		262,710.91			269,071.39

	For and on behalf of the Board
Place : New Delhi	A.K. Garg
Date : 09.11.2012	Chairman & Managing Director

EX-99.2

ARUN K AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS 105, South Ex Plaza - I, 389, Masjid Moth, South Ex Part - II, New Delhi - 110049 Phone : 01l- 26251200, 26257400 Fax:011-26251200 V. K. DHINGRA & CO. CHARTERED ACCOUNTANTS l-E/15, Jhandewalan Extension, New Delhi - 110055 Phone : 011- 23528511, 23638325 Fax : 011-23549789

LIMITED REVIEW REPORT

To

The Board of Directors,

Mahanagar Telephone Nigam Limited

1.   We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of Mahanagar Telephone Nigam Limited for the period ended September 30, 2012 except for the disclosures regarding 'Public Shareholding' and "Promoter and Promoter Group Shareholding' which have been traced from disclosures made by the management and have not been reviewed by us. This statement is the responsibility of the Company's management and has been approved by the board of directors. Our responsibility is to issue a report on these financial statements based on our review.

2.   We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. Areview is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

3.   Based on our review conducted as above, except for the observations / matters mentioned in Annexure - I to this report, no other matter has come to our attention, that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement including the manner in which it is to be disclosed or that it contains any material misstatement.

ARUN K AGARWAL & ASSOCIATES CHARTERED ACCOUNTANTS 105, South Ex Plaza - I, 389, Masjid Moth, South Ex Part - II, New Delhi - 110049 Phone : 01l- 26251200, 26257400 Fax:011-26251200 V. K. DHINGRA & CO. CHARTERED ACCOUNTANTS l-E/15, Jhandewalan Extension, New Delhi - 110055 Phone : 011- 23528511, 23638325 Fax : 011-23549789

ANNEXURE I TO THE LIMITED REVIEW REPORT ON STANDALONE UNAUDITED FINANCIAL RESULTS OF MAHANAGAR TELEPHONE NIGAM LIMITED FOR THE PERIOD ENDED SEPTEMBER 30, 2012        

(Referred to in Para 3 of our report dated November 09, 2012)

1. In respect of the qualifications/ other observations of previous audit reports and/ or limited review reports, though the Company has considered some of the qualifications/ other reservations, it has neither indicated how those qualifications/ other reservations have been resolved nor assigned any reason/ steps which the Company intends to take in respect of the qualification / other reservations remaining unresolved in compliance to Clause 41(iv)(c) of the Equity Listing Agreement.

2.  The License Fee to the DOT is being worked out on accrual basis as against the terms of License Agreement, according to which the deductions from the Gross Revenue are allowed on actual payment basis in respect of the Public Switching Telecom Network (PSTN) related call charges and roaming charges payable to BSNL and other service providers. In the absence of reconciliation of balances between MTNL and BSNL and also confirmation of deductions of payments by BSNL, the understatement of license fee and corresponding liabilities towards DOT and consequently the understatement of loss for the period cannot be quantified.

3.  The balances appearing in Advance Tax, Provisions for Income Tax and Interest on Income Tax Refund accounts are subject to reconciliation with the tax records maintained by the Company and resultant adjustments thereof.

4.  The Company has allocated the establishment overheads towards capital works on estimation basis. In view of the basis being not entirely in line with the accepted accounting practices, the same results into overstatement of capital work in progress/ fixed assets and understatement of losses. The actual impact of the same on the capitalization & losses for period cannot be ascertained. Moreover, in the absence of confirmation of work completion & WIP (work in progress), authenticity and accuracy of amount outstanding and shown as WIP for extra ordinary time period cannot he examined. Also consequent impact on financial results cannot be ascertained.

5.  All the receivables and payables including amount receivable / payable from / to BSNL / DOT / ITI, Inter Unit Accounts and bank balances are subject to confirmation, reconciliation and consequent adjustments, if any. The Company is not making any provision for old outstanding balances from BSNL, DOT, Govt, agencies and other operators.

6. Based on the expert opinion, the Company has not been deducting tax at source on  services received from BSNL. Also, no sen-ice tax is being charged on the revenue sharing with BSNL for inward circuits for which no bills are being raised.

7. The liability on account of medical facilities to the retired/ existing employees has not been accounted for on actuarial basis. Rather the annual insurance premium paid for the policy for the purpose has been accounted for on year to year basis.

8.   The Subscribers ' deposits. Trade Receivables, ITC Cards and leased circuits are subject to reconciliation.

9.   The Company accounted for Rs. 2850.00 million during the previous year 2010-11, towards wet lease for infrastructure and other services provided in respect of Commonwealth Games, out of which Rs. 430 million is subject to acceptance and final settlement. Besides, a claim of Rs. 410 million has not been booked pending final acceptance and settlement.

10.   No impairment tests have been carried out on value of the fixed assets as at September 30, 2012. Due to recurring losses incurred by the Company and uncertainty in the achievement of projections made by the Company, we are unable to comment on the provisions, if any, required in respect of impairment of carrying value of the fixed assets and its consequential impact on the loss for the period, accumulated balance in the Statement of Profit and Loss and the carrying value of the fixed assets as at September 30, 2012.

11.   The dues from operators and on account of disputed cases for billing to customers which are outstanding for less than three years in Basic and less than six months in wireless services have not been considered for making provision for Bad and Doubtful debts. The impact thereof is unascertainable.

12.   Pending completion of process of billing of roaming charges to BSNL in Wireless Segment, we are not in a position to comment on the adequacy of the amount booked under this head and consequential impact thereof on the financial results of the Company.

13.   The overall impact of matters referred to in above paras on the results of the company is not determinable.