MTNL Q1 FY27 results at a glance
MAHANAGAR TELEPHONE NIGAM Q1 FY27 key results metrics| Quarter | Q1 FY27 |
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| Quarter ended | 30 Jun 2026 |
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| Revenue | ₹217 cr |
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| Revenue YoY | +25.9% |
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| Operating profit | -₹170 cr |
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| Operating margin | -78.5% |
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| Net profit | -₹842 cr |
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| Net profit YoY | +10.7% |
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| Net profit QoQ | -174.4% |
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| Net margin | -388.4% |
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| Basic EPS | ₹-13.37 |
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| TTM revenue | ₹975 cr |
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| TTM net profit | -₹3,006 cr |
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| TTM net margin | -308.5% |
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MTNL Q1 FY27 results: what the numbers say
MAHANAGAR TELEPHONE NIGAM (MTNL) has reported its Q1 FY27 results for the quarter ended 2026-06-30. The company posted revenue of ₹217 cr and a net profit of -₹842 cr, translating into earnings per share of ₹-13.37.
Compared with the same quarter a year earlier, revenue grew strongly by +25.9% and net profit grew by +10.7%. Profit trailing revenue growth suggests costs, interest or tax absorbed part of the topline gain.
Operating profit for the quarter stood at -₹170 cr, an operating margin of -78.5% versus -130.2% a year ago — a gain of 51.7 percentage points.
MTNL quarter-wise results table
Net profit
-₹842 cr
+10.7% YoY
Operating profit
-₹170 cr
+24.1% YoY
MAHANAGAR TELEPHONE NIGAM (MTNL) quarter-wise results — revenue, operating profit, net profit, margins, EPS and growth| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
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| Q1 FY272026-06-30 | ₹217 cr | -₹170 cr | -₹842 cr | -78.5% | -388.4% | ₹-13.37 | +10.7% | -174.4% |
| Q4 FY262026-03-31 | ₹371 cr | -₹79.38 cr | -₹307 cr | -21.4% | -82.8% | ₹-4.87 | — | +65.8% |
| Q3 FY262025-12-31 | ₹198 cr | -₹183 cr | -₹897 cr | -92.6% | -454.1% | ₹-14.24 | — | +6.6% |
| Q2 FY262025-09-30 | ₹190 cr | -₹250 cr | -₹960 cr | -131.8% | -506.0% | ₹-15.24 | — | -1.8% |
| Q1 FY262025-06-30 | ₹172 cr | -₹224 cr | -₹943 cr | -130.2% | -547.6% | ₹-14.97 | — | — |
| TTM (last 4 quarters) | ₹975 cr | -₹683 cr | -₹3,006 cr | -70.0% | -308.5% | ₹-47.72 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
MTNL quarterly income statement
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
MAHANAGAR TELEPHONE NIGAM quarterly income statement| Particulars | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q2 FY262025-09-30 | Q1 FY262025-06-30 |
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| Revenue / Sales | ₹217 cr | ₹371 cr | ₹198 cr | ₹190 cr | ₹172 cr |
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| Total expenses | ₹387 cr | ₹450 cr | ₹380 cr | ₹440 cr | ₹396 cr |
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| Gross profit | ₹197 cr | ₹341 cr | ₹178 cr | ₹168 cr | ₹152 cr |
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| Operating profit (EBIT) | -₹170 cr | -₹79.38 cr | -₹183 cr | -₹250 cr | -₹224 cr |
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| Operating margin | -78.5% | -21.4% | -92.6% | -131.8% | -130.2% |
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| Interest cost | ₹748 cr | ₹738 cr | ₹749 cr | ₹742 cr | ₹754 cr |
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| Profit before tax | -₹842 cr | -₹307 cr | -₹897 cr | -₹960 cr | -₹943 cr |
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| Tax expense | ₹0 cr | ₹0.13 cr | ₹0 cr | ₹0 cr | ₹0 cr |
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| Effective tax rate | 0.0% | -0.0% | 0.0% | 0.0% | 0.0% |
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| Net profit (PAT) | -₹842 cr | -₹307 cr | -₹897 cr | -₹960 cr | -₹943 cr |
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| Net profit margin | -388.4% | -82.8% | -454.1% | -506.0% | -547.6% |
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| Basic EPS | ₹-13.37 | ₹-4.87 | ₹-14.24 | ₹-15.24 | ₹-14.97 |
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| Diluted EPS | ₹-13.37 | ₹-4.87 | ₹-14.24 | ₹-15.24 | ₹-14.97 |
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MTNL results growth — YoY and QoQ
Quarterly growth rates, year on year and quarter on quarter| Growth | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
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| Revenue YoY | +25.9% | — | — | — | — |
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| Revenue QoQ | -41.5% | +87.6% | +4.1% | +10.2% | — |
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| Operating profit YoY | +24.1% | — | — | — | — |
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| Operating profit QoQ | -114.5% | +56.6% | +26.9% | -11.6% | — |
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| Net profit YoY | +10.7% | — | — | — | — |
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| Net profit QoQ | -174.4% | +65.8% | +6.6% | -1.8% | — |
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| EPS YoY | +10.7% | — | — | — | — |
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| EPS QoQ | -174.5% | +65.8% | +6.6% | -1.8% | — |
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MTNL annual results history
Full-year performance for MAHANAGAR TELEPHONE NIGAM, useful for reading each quarter in context.
MAHANAGAR TELEPHONE NIGAM annual income statement| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
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| Revenue / Sales | ₹425 cr | ₹663 cr | ₹759 cr | ₹877 cr |
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| Total expenses | ₹965 cr | ₹1,143 cr | ₹1,828 cr | ₹1,916 cr |
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| Gross profit | ₹333 cr | ₹532 cr | ₹610 cr | ₹708 cr |
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| Operating profit (EBIT) | -₹541 cr | -₹480 cr | -₹1,069 cr | -₹1,039 cr |
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| Operating margin | -127.4% | -72.3% | -140.8% | -118.6% |
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| Interest cost | ₹2,768 cr | ₹2,661 cr | ₹2,487 cr | ₹2,226 cr |
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| Profit before tax | -₹3,107 cr | -₹3,328 cr | -₹3,268 cr | -₹2,916 cr |
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| Tax expense | ₹0.12 cr | -₹0.62 cr | -₹0.19 cr | -₹0.5 cr |
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| Effective tax rate | -0.0% | 0.0% | 0.0% | 0.0% |
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| Net profit (PAT) | -₹3,107 cr | -₹3,328 cr | -₹3,268 cr | -₹2,915 cr |
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| Net profit margin | -731.8% | -501.6% | -430.4% | -332.6% |
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| Basic EPS | ₹-49.32 | ₹-52.82 | ₹-51.87 | ₹-46.27 |
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| Diluted EPS | ₹-49.32 | ₹-52.82 | ₹-51.87 | ₹-46.27 |
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Revenue trend and demand read-through
Topline for Q1 FY27 came in at ₹217 cr against ₹172 cr in Q1 FY26, and ₹371 cr in the preceding Q4 FY26 quarter.
On a sequential basis revenue declined -41.5%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹387 cr, or 178.5% of revenue, with operating profit grew +24.1% year on year.
Margins, tax and profitability
Net profit of -₹842 cr works out to a net margin of -388.4% compared with -547.6% in the year-ago quarter. Margin expansion of this kind usually reflects a better product or service mix, softer input costs, or tighter overheads.
Below the operating line, MAHANAGAR TELEPHONE NIGAM reported profit before tax of -₹842 cr, a tax charge of ₹0 cr (effective rate 0.0%), interest cost of ₹748 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from -₹307 cr in Q4 FY26 to -₹842 cr in Q1 FY27, a change of -174.4%.
Trailing twelve months and annual context
Across the trailing four quarters MAHANAGAR TELEPHONE NIGAM has generated revenue of ₹975 cr and net profit of -₹3,006 cr, a trailing net margin of -308.5%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹425 cr with net profit of -₹3,107 cr and EPS of ₹-49.32, versus the prior year where revenue declined -36.0% and profit grew +6.6%.
What to watch in the next MTNL quarter
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A sustained run of year-on-year profit growth is what usually drives a re-rating rather than any single quarter.
MAHANAGAR TELEPHONE NIGAM has not yet intimated its next results date to the exchange. This page refreshes automatically from filings and the board-meeting calendar, so the tables above will reflect the next quarter as soon as it is reported.
All figures here are as reported to the exchanges and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
MTNL results coverage
No results report published for MTNL yet — our desk covers each quarter within minutes of the filing.
MTNL quarterly results FAQs
What were MAHANAGAR TELEPHONE NIGAM (MTNL) Q1 FY27 results?
In Q1 FY27 (quarter ended 30 Jun 2026), MAHANAGAR TELEPHONE NIGAM reported revenue of ₹217 cr and net profit of -₹842 cr, a change of +10.7% year on year on +25.9% revenue growth. EPS stood at ₹-13.37.
What is MTNL profit margin in Q1 FY27?
MAHANAGAR TELEPHONE NIGAM posted a net profit margin of -388.4% and an operating margin of -78.5% in Q1 FY27. On a trailing twelve-month basis, revenue is ₹975 cr and net profit -₹3,006 cr.
Did MTNL results beat the previous quarter?
MAHANAGAR TELEPHONE NIGAM net profit changed -174.4% quarter on quarter, from -₹307 cr in Q4 FY26 to -₹842 cr in Q1 FY27.
When are MAHANAGAR TELEPHONE NIGAM (MTNL) quarterly results?
MAHANAGAR TELEPHONE NIGAM has not yet intimated its next results date to the exchange. This page updates automatically from the exchange board-meeting calendar.
Where can I see MTNL latest quarterly results?
Results coverage for MTNL will appear here as soon as the company reports. Meanwhile you can track live price and technicals on the MTNL stock page.
What is MAHANAGAR TELEPHONE NIGAM annual revenue and profit?
For FY26, MAHANAGAR TELEPHONE NIGAM reported full-year revenue of ₹425 cr and net profit of -₹3,107 cr, with EPS of ₹-49.32.
How many quarterly results has MTNL declared recently?
Past results dates for MTNL will be listed here from the exchange calendar.
Results dates sourced from the exchange board-meeting calendar; reported figures from company filings, last refreshed 12 Sept 2026. For information only, not investment advice.
