Mahanagar Telephone Nigam Ltd

Mahanagar Telephone Nigam Ltd. announced that CRISIL RATINGS LIMITED has continued the 'Rating Watch with Negative Implications' on its Non Convertible Debentures amounting to Rs. 20 crore and its Bond totaling Rs. 6,500 crore, both carrying a Crisil AAA (CE) rating, citing non-adherence to the structured payment mechanism for government-guaranteed bonds; additionally, Crisil has placed Bonds and Non-Convertible Debentures (NCDs) on watch negative, and reaffirmed a Crisil D rating for debt amounting to Rs. 2,839 crore due to ongoing debt servicing delays since June 2024, while Tier II Bonds (Under Basel III) totaling Rs. 6,800 crore and Rs. 2,852 crore, along with a Crisil A1+ rating, have also been impacted by a loan account with Bank of India slipping into a non-performing asset (NPA) category, with the government guarantee covering principal and interest on bonds and NCDs remaining in place.

Mahanagar Telephone Nigam Ltd (MTNL) has announced that India Ratings and Research Pvt Ltd issued a press release dated August 18, 2026, concerning the rating of bonds issued by MTNL; the press release fulfills compliance requirements under Regulation 30 & 51 of SEBI (LODR) Regulations, 2015, and no enhancements, assignments, or withdrawals of ratings were indicated within the released document pertaining to the bonds issued by MTNL.

Mahanagar Telephone Nigam Limited (MTNL) has defaulted on principal and interest payments to Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab and Sind Bank, and Indian Overseas Bank as of July 31, 2026, according to a regulatory filing. The total amount of outstanding borrowings from banks is Rs 9,575 crore, with a total financial indebtedness of Rs 37,396 crore, including Rs 9,575 crore in bank loans, Rs 24,071 crore in Singapore Government bonds, and Rs 3,750 crore in loans from the Department of Telecommunications to cover interest payments on the bonds.

Mahanagar Telephone Nigam will hold a meeting of the Board of Directors of the Company on 12 August 2026.

Mahanagar Telephone Nigam announced that CRISIL has continued its rating on the bond and non convertible debentures (NCDs) of the company on 'Rating Watch with Negative Implications' with rating of CRISIL AAA (CE).

Revenue from operations jumped 34.52% year on year (YoY) to Rs 370.51 crore in the quarter ended 31 March 2026. The firm reported a pre-tax loss of Rs 306.82 crore in Q4 FY26, compared to a pre-tax loss of Rs 828.50 crore in Q4 FY25. Total expenses rose 2.51% YoY to Rs 1,188.01 crore in the March 2026 quarter. License fees and spectrum charges stood at Rs 15.92 crore (down 7.11% YoY), while employee benefit expense was at Rs 155.07 crore (up 4.04% YoY), and finance cost stood at Rs 738.12 crore (up 3.12% YoY) during the period under review. On the margins front, the company reported a negative operating margin of 21.58% in Q4 FY26 as compared with a negative 60.62% recorded in Q4 FY25. The PSU firm also reported a negative net profit margin of 82.84% in Q4 FY26 as against a negative 300.59% registered in a similar quarter of the previous fiscal. Mahanagar Telephone Nigam announced the appointment of Shri Vasudev Singh (GM Finance, MTNL CO) as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) with effect from 21 May 2026, following approval by the Board on the recommendation of the Nomination & Remuneration Committee and Audit Committee. He replaces Shri Anirudh Prasad Singh. Mahanagar Telephone Nigam is engaged in providing telecom services. Powered by Capital Market - Live

Net Loss of Mahanagar Telephone Nigam reported to Rs 306.95 crore in the quarter ended March 2026 as against net loss of Rs 827.88 crore during the previous quarter ended March 2025. Sales rose 34.53% to Rs 370.51 crore in the quarter ended March 2026 as against Rs 275.42 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 3107.25 crore in the year ended March 2026 as against net loss of Rs 3327.69 crore during the previous year ended March 2025. Sales declined 15.34% to Rs 956.37 crore in the year ended March 2026 as against Rs 1129.61 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales370.51275.42 35 956.371129.61 -15 OPM %16.10-5.98 --14.82-1.90 - PBDT-167.34-677.28 75 -2538.63-2716.15 7 PBT-306.82-828.50 63 -3107.12-3328.30 7 NP-306.95-827.88 63 -3107.25-3327.69 7 Powered by Capital Market - Live

Mahanagar Telephone Nigam will hold a meeting of the Board of Directors of the Company on 21 May 2026.

India Ratings and Research (Ind-Ra) has maintained Mahanagar Telephone Nigam's (MTNL) non-convertible debentures (NCDs) aggregating Rs 17,571 crore on Rating Watch with Negative Implications with rating of IND AAA (CE). Powered by Capital Market - Live

Net Loss of Mahanagar Telephone Nigam reported to Rs 896.94 crore in the quarter ended December 2025 as against net loss of Rs 836.07 crore during the previous quarter ended December 2024. Sales declined 24.39% to Rs 197.52 crore in the quarter ended December 2025 as against Rs 261.24 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales197.52261.24 -24 OPM %-20.59-14.13 - PBDT-754.80-686.20 -10 PBT-896.94-836.07 -7 NP-896.94-836.07 -7 Powered by Capital Market - Live