MTNL Q4 loss narrows to ₹304 crore

Mahanagar Telephone Nigam Limited (MTNL), the government-owned telecom company, today announced its audited financial results for the quarter and financial year ended March 31, 2026.

Key highlights – Q4 FY26 (Standalone)

• Net Loss: ₹304.46 crore (improved from ₹898.38 crore in Q3 FY26 and ₹827.22 crore in Q4 FY25)
• Revenue from Operations: ₹350.05 crore
• Total Income: ₹860.50 crore

Full Year FY26 Performance (Standalone)

• Net Loss: ₹3,102.94 crore (vs ₹3,323.51 crore loss in FY25)
• Revenue from Operations: ₹887.27 crore (vs ₹1,060.54 crore in FY25)
• Negative Net Worth: ₹29,974.84 crore

Consolidated performance also reflects continued losses, though specific consolidated figures were not highlighted in the primary disclosure.

Corporate actions

• CFO Change: Shri Vasudev Singh appointed as new Chief Financial Officer (CFO) & KMP w.e.f. May 21, 2026, replacing Shri Anirudh Prasad Singh.
• Cost Auditor: M/s. R.M. Bansal & Co. re-appointed for FY 2026-27.
• Auditors issued a report with modified opinion citing multiple qualifications, including going concern issues, reconciliation of balances, and other matters.

Key challenges & revival efforts
MTNL continues to face significant financial stress with fully eroded net worth and high debt. The company is actively pursuing revival through:

• Service Level Agreement with BSNL (effective Jan 1, 2025)
• Asset monetization
• Debt restructuring and potential merger with BSNL under Government of India initiatives

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