TTML Q3FY26 results: revenue dips, EBITDA margin expands sharply

Going ConcernRevenue DeclinePat NegativeEbitda Margin ExpansionExceptional ItemDebt Equity ThresholdResults View source PDF Explain this filing

TTML · 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

-1.9%Reaction day

₹45.07

prior close

₹45.26

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-2.7%+0.7% vs market

Telecom - Cellular & Fixed line services peers, median of 7sector-2.7%+0.7% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Smallcap 250 and 0.7 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

-0.9

10m

-1.9

15m

-2.3

30m

-3.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.9-2.7+0.7-2.7+0.7

Next day

-4.8-3.4-1.4-3.4-1.4

-3.7-2.5-1.2-6.1+2.4

-6.4-4.4-2.0-6.4+0.0

-5.4-4.2-1.1-6.0+0.7

-2.8-2.4-0.4-4.9+2.1

-0.5-1.6+1.1-2.0+1.5

15d

+0.7+2.2-1.4+0.0+0.7

-5.0-0.4-4.6+5.1-10.1

-19.5-7.7-11.8-9.9-9.6

-2.2+2.2-4.4-3.4+1.2

UpDownMarket · Nifty Smallcap 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

TTML posted Q3FY26 revenue of Rs 294.31 Cr, down from Rs 332.77 Cr a year ago. Nine-month revenue fell to Rs 864.69 Cr from Rs 999.77 Cr. Despite the top-line dip, EBITDA rose to Rs 175.62 Cr from Rs 149.79 Cr, with operating margin expanding to 46.93% from 31.75%. Net loss narrowed to Rs 150.43 Cr from Rs 315.11 Cr. Auditor Price Waterhouse gave an unmodified limited review opinion. Company flagged that accumulated losses exceed paid-up capital and current liabilities exceed current assets, but a support letter from the ultimate parent underpins continuation as a going concern.

Likely market impact

Improving margins and shrinking losses are positives, but revenue keeps falling and networth remains deeply negative, making the stock reliant on parent support.