Mahanagar Telephone Nigam quarterly results and financials

Mahanagar Telephone Nigam (MTNL)₹26.97−1.68%(9 Nov 2026 close)Telecom - Cellular & Fixed line services

Key facts

In the Jun 2026 quarter (consolidated), Mahanagar Telephone Nigam reported sales of ₹217 Cr, up 26.2% from Jun 2025, and net profit of −₹844 Cr. For the year to Mar 2026, sales were ₹958 Cr and net profit −₹3,112 Cr.

Sales (Jun 2026): ₹217 Cr
Net profit (Jun 2026): −₹844 Cr
Sales (FY Mar 2026): ₹958 Cr
Net profit (FY Mar 2026): −₹3,112 Cr
EPS (Jun 2026): ₹−13.38
Borrowings (Mar 2026): ₹35,372 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Mahanagar Telephone Nigam quarterly results

₹ crore unless stated; each column is a quarter.

Mahanagar Telephone Nigam Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	198	192	209	184	268	262	275	172	190	211	372	217
Expenses	332	319	285	296	295	299	293	252	299	239	312	251
Operating Profit	−134	−126	−75.29	−111	−27.08	−37.16	−16.05	−79.23	−108	−28.09	60.18	−33.11
OPM %	−67.1%	−65.1%	−36.1%	−60.1%	−10.1%	−14.1%	−6.1%	−46.1%	−57.1%	−13.1%	15.9%	−15.1%
Other Income	175	144	145	198	60.86	77.81	54.86	34.95	31.92	20.94	510	74.81
Interest	664	690	688	703	768	727	715	753	741	748	736	747
Depreciation	170	166	164	156	155	150	151	145	142	142	139	137
Profit before tax	−790	−836	−781	−770	−887	−832	−825	−939	−956	−894	−306	−839
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net Profit	−795	−840	−786	−774	−892	−838	−830	−945	−963	−900	−308	−844
EPS (Rs)	−12.57	−13.31	−12.43	−12.27	−14.12	−13.26	−13.15	−14.98	−15.25	−14.25	−4.86	−13.38

Mahanagar Telephone Nigam profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Mahanagar Telephone Nigam Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	3,226	2,974	2,478	2,088	1,628	1,391	1,151	936	800	699	958	991
Expenses	4,024	4,039	3,629	3,398	3,078	1,317	1,457	1,372	1,284	1,171	1,101	1,100
Operating Profit	−793	−1,062	−1,149	−1,306	−1,452	75.22	−305	−436	−484	−472	−142	−109
OPM %	−24.1%	−36.1%	−46.1%	−62.1%	−89.1%	5.0%	−26.1%	−46.1%	−60.1%	−67.1%	−15.1%	−11.0%
Other Income	880	679	732	618	689	475	621	611	574	680	584	637
Interest	1,349	1,445	1,503	1,701	1,948	2,114	2,145	2,359	2,690	2,923	2,976	2,972
Depreciation	1,176	1,111	1,052	1,001	984	892	772	729	665	611	567	559
Profit before tax	−2,428	−2,930	−2,961	−3,374	−3,680	−2,451	−2,591	−2,905	−3,255	−3,317	−3,096	−2,994
Tax %	−19.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—
Exceptional items	−5.01	−5.02	−12.05	−17.05	−2.01	−7.02	−3.01	−1.01	0.00	6.02	0.00	—
Net Profit	−1,951	−2,945	−2,976	−3,394	−3,702	−2,467	−2,609	−2,921	−3,278	−3,336	−3,112	−3,014
EPS (Rs)	−30.88	−46.58	−47.17	−53.76	−58.60	−39.05	−41.30	−46.30	−51.86	−52.83	−49.31	−47.74
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Mahanagar Telephone Nigam balance sheet

₹ crore, at each year end.

Mahanagar Telephone Nigam Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	629	628	629	629	629	629	629	629	629	629	629	629
Reserves	1,427	−1,034	−3,999	−6,951	−10,351	−14,195	−16,654	−19,265	−21,449	−24,241	−27,507	−30,537
Borrowings	16,573	13,420	15,163	16,994	19,709	23,259	25,561	26,780	28,288	30,093	32,377	35,372
Other Liabilities	8,286	5,650	5,902	5,605	4,715	6,987	3,859	4,195	4,196	4,256	4,743	4,600
Total Liabilities	26,915	18,665	17,695	16,278	14,703	16,681	13,396	12,337	11,664	10,737	10,243	10,063
Fixed Assets	10,559	9,564	8,752	8,154	7,455	6,876	6,250	5,613	4,962	4,325	3,801	3,134
CWIP	134	137	291	330	319	327	184	73.82	58.85	85.84	31.95	12.96
Investments	40.14	43.15	4.01	4.01	4.01	4.01	3.01	3.01	3.01	4.01	4.01	5.01
Other Assets	16,182	8,921	8,647	7,789	6,925	9,474	6,959	6,647	6,639	6,323	6,406	6,912
Inventories	146	32.97	31.01	32.02	40.99	36.97	34.01	32.97	32.97	34.01	32.97	6.99
Trade receivables	300	492	490	424	608	627	769	669	585	510	558	329
Cash & equivalents	99.27	191	115	117	140	211	321	149	355	108	210	778
Total Assets	26,915	18,665	17,695	16,278	14,703	16,681	13,396	12,337	11,664	10,737	10,243	10,063

Mahanagar Telephone Nigam cash flow

₹ crore, for each year.

Mahanagar Telephone Nigam Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	−1,169	1,080	−1,025	155	−735	−1,209	−225	705	64.10	130	341	176
Cash from investing activity	−107	−37.05	−30.03	−492	−297	−43.08	−259	204	−174	107	−29.02	−201
Cash from financing activity	1,105	−954	981	344	1,040	1,321	412	−932	176	−318	−214	−18.93
Net cash flow	−164	85.06	−71.01	7.01	14.01	77.08	−70.04	−28.02	67.05	−81.06	96.10	−43.01
Capex	300	300	419	514	311	143	100	13.05	44.19	73.31	36.14	25.10
Free cash flow	−1,291	777	−1,438	−356	−1,041	−1,344	−323	690	19.94	56.86	303	569
CFO / OP %	106.1%	−77.9%	113.1%	−18.9%	56.1%	84.0%	−552.9%	−247.9%	−17.9%	−32.0%	−50.9%	−118.9%

Mahanagar Telephone Nigam ratios

Working-capital days and returns, by year.

Mahanagar Telephone Nigam Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	31	56	60	63	107	141	203	213	229	234	293	126
Cash conversion cycle	30	55	59	62	106	140	202	212	228	233	292	125
Working capital days	−835	−906	−707	−613	−1,038	−1,930	−1,218	−2,518	−2,681	−1,995	−4,097	−4,325
ROCE %	−8.0%	−7.0%	−12.0%	−13.0%	−16.0%	−18.0%	−3.0%	−5.0%	−7.0%	−8.0%	−7.0%	−2.0%

Mahanagar Telephone Nigam: frequently asked questions

What are the latest quarterly results of Mahanagar Telephone Nigam?

For the Jun 2026 quarter, Mahanagar Telephone Nigam reported sales of ₹217 Cr, up 26.2% year on year and net profit of −₹844 Cr. The operating margin was −15.1%.

What is the annual revenue of Mahanagar Telephone Nigam?

Mahanagar Telephone Nigam's sales for the year to Mar 2026 were ₹958 Cr; over the last twelve months they were ₹991 Cr.

What is the net profit of Mahanagar Telephone Nigam?

Net profit for the year to Mar 2026 was −₹3,112 Cr, and −₹3,014 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−47.74.

How much debt does Mahanagar Telephone Nigam have?

Mahanagar Telephone Nigam reported borrowings of ₹35,372 Cr at Mar 2026, against cash and equivalents of ₹778 Cr.

What is the free cash flow of Mahanagar Telephone Nigam?

Cash from operations was ₹176 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹569 Cr.

Loading…