MTNL Q3FY26: Board Approves Unaudited Financial Results; Net Loss Widens
MTNL reported a net loss of ₹898.38 crore for Q3FY26, an increase from ₹836.05 crore in Q3FY25. Revenue from operations stood at ₹178.24 crore. Auditors issued an adverse conclusion citing eroded net worth, defaults, and accounting non-compliance.
The adverse conclusion from auditors, coupled with a significant net loss and indicators of financial distress, will likely have a high impact on investor sentiment and the company's financial standing.
The company reported a widening net loss and the auditors issued an adverse conclusion, highlighting significant financial distress and accounting concerns.
Mahanagar Telephone Nigam Limited (MTNL) announced its un-audited reviewed financial results for the third quarter ended December 31, 2025. The Board of Directors, in its meeting held on February 12, 2026, approved these results.
The company reported a standalone revenue from operations of ₹178.24 crore for the quarter, a decrease from ₹239.42 crore in the same period last year. Expenses for the quarter stood at ₹1176.62 crore, significantly higher than the revenue, leading to a substantial loss.
The net loss for the third quarter ended December 31, 2025, was ₹898.38 crore, compared to a loss of ₹836.05 crore in the corresponding quarter of the previous fiscal year. For the nine months ended December 31, 2025, the net loss was ₹2,798.49 crore.
The company's financial statements were prepared on a going concern basis, considering the majority stake held by the Government of India. However, the auditors have expressed an adverse conclusion due to several factors, including the erosion of net worth, net cash loss, and defaults in loan repayments. The auditors also noted issues related to balances with BSNL and DOT, unbilled revenue, and non-compliance with accounting standards regarding Expected Credit Loss (ECL).
The Board meeting commenced at 4:30 PM and concluded at 5:10 PM on February 12, 2026.
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Mahanagar Telephone Nigam Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Mahanagar Telephone Nigam Limited. Read the original for the full detail.