Operates as a telecom and digital connectivity provider in the Maharashtra circle, with its enterprise arm Tata Tele Business Services (TTBS) selling connectivity, collaboration, cloud, security and communication solutions aimed at India's small and medium businesses. In July 2026, TTBS announced a collaboration with Tata Communications to offer unified AI infrastructure, including AI-powered Voice Agents, to India's 60 million plus SMBs. Q1 FY27 total income from operations rose to Rs 301.57 crore from Rs 284.25 crore year-on-year, with EBITDA at Rs 164.90 crore (margin about 55% vs 52% the prior quarter). The company reported a Q1 FY27 net loss of Rs 72.15 crore versus Rs 324.98 crore a year earlier, with quarterly finance costs of Rs 206 crore. For FY26, total revenue stood at Rs 1,160.23 crore against total assets of Rs 1,341.03 crore, with other operating expenses at 38.7% of revenue, employee costs at 7.5%, depreciation at 12.2% and capex at 11.6%. The statutory auditor flagged a going concern because current liabilities exceed current assets, though this is mitigated by a support letter from the ultimate holding company. The redemption of Rs 2,018 crore of redeemable preference shares held by parent Tata Teleservices Ltd was extended to October 17, 2036. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Enterprise telecom and digital services (TTBS), Cellular and fixed-line telecom services. Asset-heavy, loss-making telecom operator focused on the enterprise/SMB segment under the TTBS brand
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,094 | 1,106 | 1,192 | 1,308 | 1,160 |
| EBITDA (ex other income) | 473 | 497 | 535 | 579 | 1,280 |
| margin % | 43.3 | 44.9 | 44.9 | 44.2 | 110.3 |
| Owners' profit | (1,215) | (1,145) | (1,228) | (1,275) | (215) |
| EPS, as reported (₹) | (6.22) | (5.86) | (6.28) | (6.52) | (1.10) |
| ROE % · ROCE % | 6.5 · (4.0) | 6.0 · (4.0) | 6.4 · (6.3) | 6.5 · (4.8) | 1.1 · (6.8) |
| Debt / equity (x) | (1.05) | (1.04) | (1.04) | (1.04) | (1.03) |
| Cash from operations | 532 | 558 | 586 | 505 | 668 |
| Capex | (108) | (111) | (109) | (99) | (135) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 344 | 333 | 308 | 284 | 286 | 294 | 296 | 302 |
| Profit before tax | (330) | (315) | (306) | (325) | (321) | (150) | 581 | (72) |
| Net profit | (330) | (315) | (306) | (325) | (321) | (150) | 581 | (72) |
| EPS (₹) | (1.69) | (1.61) | (1.57) | (1.66) | (1.64) | (0.77) | 2.97 | (0.37) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| BHARTI AIRTEL LIMITED | 11,17,918 | 37.4 | 5.70 | 10.3 | 17.3 | 11.9 | 16.0 | 57.8 |
| VODAFONE IDEA LIMITED | 1,62,189 | 4.3 | — | 4.0 | (96.6) | 22.7 | 1.4 | 58.5 |
| BHARTI HEXACOM LIMITED | 77,305 | 42.4 | 10.79 | — | 24.2 | 17.3 | — | 55.6 |
| TATA COMMUNICATIONS LTD | 50,027 | 52.9 | 13.70 | 11.9 | 27.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 31 Aug 2026 · NSE volume spurt query, company says no undisclosed info | regulatory legal | medium | — | — |
| 28 Aug 2026 · Exchange flags unusual volume; company response awaited | compliance | minimal | — | — |
| 28 Jul 2026 · TTML: TTBS and Tata Communications partner for SMB AI platform | compliance | low | — | — |
| 23 Jul 2026 · TTML publishes Q1FY27 financial results in newspapers | compliance | minimal | — | — |
| 22 Jul 2026 · TTML Q1 results, RPS redemption extended to 2036 | results | high | — | — |
| 22 Jul 2026 · Q1 results, auditor rotation, RPS redemption extended to 2036 | management changes | medium | — | — |
| 22 Jul 2026 · Q1 results, RPS redemption extended to 2036, new auditor and KMP appointed | management changes | medium | — | — |
| 22 Jul 2026 · TTML Q1 FY27 results: Rs 72 cr loss, RPS redemption extended to 2036 | results | high | — | — |
| 22 Jul 2026 · TTML Q1 FY27: Loss narrows, revenue up 6%, RPS extended to 2036 | results | high | — | — |
| 18 Jul 2026 · Board meeting on July 22 to consider Q1 results and extend Rs 2,018 Cr promoter RPS redemption | results | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 10.0 |
| 7.7 |
| 17.3 |
| TATA TELESERV(MAHARASTRA) ◆ | 6,979 | 187.9 | — | — | 1.1 | 1.3 | — | 55.4 |
| MAHANAGAR TELEPHONE NIGAM | 1,561 | — | — | 83.2 | 10.4 | 51.9 | (7.2) | 19.4 |
| QUADRANT TELEVENTURES LIMITED | 41 | 1.5 | — | — | 0.8 | 0.9 | — | 14.6 |
| City Online Services Limited | 4 | — | — | — | 8.3 | (19.2) | — | 27.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 187.9 | 39.9 | 6 of 6 | 0% |
| ROCE | 1.3 | 10.9 | 6 of 8 | 29% |
| ROE | 1.1 | 9.3 | 6 of 8 | 29% |
| Debt / Equity | (1.0) | (0.9) | 4 of 8 | 57% |
| EBITDA margin | 55.5 | 41.3 | 4 of 8 | 57% |
| Revenue growth | 6.1 | 8.3 | 5 of 8 | 43% |
| Profit growth | 77.8 | 39.0 | 3 of 8 | 71% |
| Market cap | 6979 | 28503 | 5 of 8 | 43% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
