RESULTS ATTACHED

Adverse OpinionGoing ConcernPat NegativeRevenue DeclineDebt Equity ThresholdEmphasis Of MatterResults View source PDF

MTNL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+3.5%1-day move

₹28.80

prior close

₹29.79

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.0+0.9+0.6-0.9+3.5+5.9+7.3+4.9+3.4+5.6+7.6+11.1-3.9—

Up moveDown movePending

AI summary

MTNL reported a massive standalone loss of Rs. 3,102.94 Crore for FY26, slightly better than previous year's loss of Rs. 3,323.51 Crore. Revenue from operations declined to Rs. 887.27 Crore from Rs. 1,060.54 Crore in FY25. The auditors issued an ADVERSE OPINION citing multiple concerns: the company's net worth is fully eroded, current liabilities exceed current assets substantially, and the company has defaulted on bank repayments totaling Rs. 9,262.53 Crore with all loan accounts classified as NPAs. The company continues as a going concern based on government support, with a Committee of Secretaries reviewing options including merger with BSNL. BSNL now runs MTNL's Delhi and Mumbai operations under an SLA effective January 2025.

Likely market impact

MTNL remains in severe financial distress with mounting losses, negative equity of Rs. 29,974.84 Crore, and NPA classification on all bank loans. The adverse auditor opinion and ongoing government-supported revival process indicate extremely high risk for existing shareholders and bondholders.