MTNL Reports ₹3614 Crore Default in Interest/Principal for Q4FY26
Mahanagar Telephone Nigam Limited reported defaults totaling ₹3,614 crore for the quarter ended March 31, 2026. This includes ₹2,146 crore in principal and ₹1,468 crore in interest payments on outstanding loans of ₹9,263 crore. Total financial indebtedness stands at ₹36,314 crore.
Defaults on loan payments and interest indicate severe financial distress for the company, which can lead to credit rating downgrades, increased borrowing costs, and potential legal actions from lenders.
The company reported a significant amount of default in principal repayment and interest payments on its loans, which negatively impacts its financial standing.
Mahanagar Telephone Nigam Limited (MTNL) has disclosed defaults on payment of interest and principal amounts on loans from banks and financial institutions for the quarter ended March 31, 2026. As of March 31, 2026, the total outstanding amount on loans and revolving facilities like cash credit from banks and financial institutions was ₹9,263 crore.
Of this total outstanding amount, MTNL reported a default of ₹3,614 crore. This default comprises ₹2,146 crore in principal repayment and ₹1,468 crore in interest payment. The company did not report any defaults on its unlisted debt securities, such as NCDs and NCRPS, as the total outstanding amount was marked as 'NA'.
MTNL's total financial indebtedness, including short-term and long-term debt, amounted to ₹36,314 crore as of the reporting date. This figure includes a bank loan of ₹9,263 crore, SG Bonds totaling ₹24,071 crore, and a loan from the Department of Telecommunications (DoT) of ₹2,980 crore specifically for paying interest on SG Bonds.
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Mahanagar Telephone Nigam Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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.