Mahanagar Telephone Nigam's Q2 FY 2025-26 Quarterly Results

Result Summary

• Mahanagar Telephone Nigam Ltd reported a 6.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 32.3%.
• Its expenses for the quarter were up by 2.7% QoQ and down 2.9% YoY.
• The net profit increased 1.8% QoQ and increased 7.9% YoY.
• The earnings per share (EPS) of Mahanagar Telephone Nigam Ltd declined at 15.24 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Mahanagar Telephone Nigam Ltd (MTNL) is a state-owned telecommunications service provider in India. Primarily serving the metropolitan areas of Mumbai and New Delhi, MTNL offers a range of services including fixed-line telephony, mobile services, broadband internet, and other communication solutions. As part of the larger Indian telecommunications industry, MTNL has faced challenges including intense competition, evolving technology landscapes, and regulatory changes. No specific recent major developments are noted from the data provided.

Revenue

For the quarter ending in Q2FY26, MTNL reported a total income of ₹221.17 crores. This reflects a quarter-over-quarter (QoQ) increase of 6.8% compared to ₹207.13 crores in Q1FY26. However, on a year-over-year (YoY) basis, there is a decline of 32.3% from ₹326.51 crores in Q2FY25. This significant YoY decrease could be indicative of broader market conditions or company-specific factors that are not detailed in the provided data.

Profitability

MTNL's financial data for Q2FY26 shows a Profit Before Tax (PBT) of -₹960.66 crores, which marks a slight increase in losses compared to -₹943.66 crores in Q1FY26, translating to a QoQ deterioration of 1.8%. Similarly, when compared to -₹891.05 crores in Q2FY25, there is a YoY increase in losses by 7.8%. The Profit After Tax (PAT) follows a similar pattern, with a reported figure of -₹960.21 crores for Q2FY26, up from -₹943.15 crores in the previous quarter and -₹890.28 crores in the same quarter last year. The Earnings Per Share (EPS) for Q2FY26 is -₹15.24, reflecting a QoQ increase in losses of 1.8% and a YoY increase of 7.9%.

Operating Metrics

Total expenses for MTNL in Q2FY26 amounted to ₹1181.83 crores, which is a 2.7% increase from the previous quarter's expenses of ₹1150.79 crores. However, compared to Q2FY25, there is a slight decrease of 2.9% from ₹1217.56 crores. This indicates that while expenditures have increased over the last quarter, there has been a modest decrease from the same quarter of the previous year. The absence of tax expenses in the financials is consistent across all periods. The financial data provided does not include specific ratios such as P/E ratio, debt-to-equity ratio, or current ratio, limiting a more detailed analysis in this regard.