MTNL Reports ₹3,897 Crore Default on Loans for Q1 FY27
Mahanagar Telephone Nigam Limited reported defaults totaling ₹3,897 crore for the quarter ended June 30, 2026. This includes ₹2,196 crore in principal repayment and ₹1,701 crore in interest payment on loans from banks and financial institutions. Total outstanding debt stands at ₹37,223 crore.
Defaults on loan repayments and interest payments can severely impact the company's financial health, credit rating, and its ability to raise further capital.
The company reported significant defaults on principal and interest payments, indicating financial distress.
Mahanagar Telephone Nigam Limited (MTNL) has disclosed its defaults on payment of interest and repayment of principal amounts on loans from banks and financial institutions for the quarter ended June 30, 2026. The company reported a total outstanding amount of ₹9,495 crore as of June 30, 2026.
Of this total outstanding amount, MTNL has defaulted on ₹3,897 crore, comprising ₹2,196 crore in principal repayment and ₹1,701 crore in interest payment. The company's total financial indebtedness, including short-term and long-term debt, stands at ₹37,223 crore. This includes a bank loan of ₹9,495 crore, SG Bonds worth ₹24,071 crore, and a loan from the Department of Telecommunications (DoT) of ₹3,657 crore for paying SG Bond interest.
MTNL has also stated that there are no defaults related to its unlisted debt securities, such as NCDs and NCRPS.
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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.