Tamilnadu Telecommunication Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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Tamilnadu Telecommunication Limited (a joint venture of TCIL and TIDCO) filed its Q1 FY26 unaudited results showing near-zero revenue of just Rs. 376 (in hundreds) versus Rs. 556 in Q1 FY25, as the factory has not operated since 2017. The company reported a net loss of Rs. 3.44 crores for the quarter, slightly wider than Rs. 3.24 crores loss in the year-ago period, translating to a loss per share of Rs. 0.75. Accumulated losses stood at Rs. 239.23 crores, completely eroding net worth to a negative Rs. 182.77 crores. The statutory auditor (Sundaram & Srinivasan) issued an Adverse Conclusion, stating the going concern assumption used by management is inappropriate given the factory shutdown, lack of new orders, and inability to obtain raw material supplies. Revival efforts via factory leasing failed, and promoter TCIL has initiated strategic disinvestment of its stake through DIPAM.
This is a deeply distressed company with negative net worth, zero operations, and an adverse auditor opinion on going concern — a very negative signal for shareholders. The only potential upside is the strategic disinvestment by promoter TCIL through DIPAM, which could attract a new buyer to revive the business, but execution risk is high.