MTNL reports ongoing bank loan defaults; total overdue Rs 9,419 crore

Loan classified NPACredit & Debt View source PDF Explain this filing

MTNL · price

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Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹31.14

prior close

₹31.43

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-0.0% vs market

Telecom - Cellular & Fixed line services peers, median of 7sector-0.8%+1.3% vs sector

On the reaction day the stock moved in line with Nifty Microcap 250 and 1.3 pts more than its Telecom - Cellular & Fixed line services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Telecom - Cellular & Fixed line services peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

MTNL has reported defaults in principal and interest payments to 7 banks (UBI, BOI, PNB, SBI, UCO, PSB, IOB) classified as NPA between Aug 2024 and Feb 2025. Total overdue is Rs 9,419 crore (Rs 7,794 cr principal + Rs 1,625 cr interest) out of Rs 9,419 cr total bank borrowings. Total financial debt stands at Rs 36,966 cr including bank loans, sovereign bonds and DoT loans.

Likely market impact

Persistent NPA status signals deep financial stress at the PSU telco; may further constrain borrowing ability and heighten dependence on government support.