RESULTS ATTACHED

Adverse audit opinionGoing-concern doubtNet loss reportedRevenue declinedDebt to equity above the thresholdEmphasis of matterResults View source PDF Explain this filing

MTNL · price

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

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

+0.9%Reaction day

₹28.80

prior close

₹29.79

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+0.8% vs market

Telecom - Cellular & Fixed line services peers, median of 7sector+0.0%+0.9% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 0.9 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.0

10m

+0.9

15m

+0.6

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.9+0.1+0.8+0.0+0.9

Next day

+3.5+1.7+1.8+0.0+3.5

+5.9+2.4+3.5-1.0+6.9

+7.3+2.4+4.9-1.5+8.8

+4.9+1.7+3.2-1.5+6.4

+3.4+0.6+2.8+0.0+3.4

+5.6+1.9+3.7+3.0+2.5

15d

+7.6+4.9+2.8+2.0+5.6

+11.1+8.9+2.2+8.3+2.8

-3.9+7.5-11.4+1.9-5.8

-8.0+13.6-21.5+2.8-10.8

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 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.