MAHANAGAR TELEPHONE NIGAM (MTNL) financials

MAHANAGAR TELEPHONE NIGAM (MTNL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Mahanagar Telephone Nigam Ltd is a Government of India-controlled telecom and infrastructure-asset company serving Delhi and Mumbai through landline, broadband/FTTH, mobile, leased-line and enterprise services.[1][2]

Market Cap: ₹1,480Cr.
Current Price: ₹23.5
ROE: %
ROCE: -9.27%
Book Value: ₹-476
Dividend Yield: 0.00%
52W High / Low: ₹44.7/20.3

In Jun 2026, MAHANAGAR TELEPHONE NIGAM (MTNL) reported sales ₹200 Cr and net profit ₹-841 Cr.

Annual TTM: sales ₹916 Cr, net profit ₹-3,003 Cr.

Shareholding: Promoters 56.25% (Sep 2026), FIIs 0.01% (Sep 2026), DIIs 13.43% (Sep 2026), Public 30.30% (Sep 2026), No. of Shareholders 3,58,426% (Sep 2026).

MTNL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	251	239	258	145	174	191	350	200
Expenses	278	280	274	236	283	222	290	233
Operating Profit	-27	-40	-16	-91	-109	-31	60	-33
OPM %	-11%	-17%	-6%	-63%	-62%	-16%	17%	-17%
Other Income	60	79	53	47	31	20	510	75
Interest	769	728	716	754	742	749	738	748
Depreciation	152	147	148	142	139	139	136	135
Profit before tax	-888	-836	-827	-941	-959	-898	-304	-841
Tax %	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	-888	-836	-827	-941	-959	-898	-304	-841
EPS in Rs	-14.10	-13.27	-13.13	-14.94	-15.22	-14.26	-4.83	-13.35
Raw PDF	—	—	—	—	—	—	—	—

MTNL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,536	1,304	1,070	862	728	1,061	887	916
Expenses	3,007	1,250	1,387	1,302	1,252	1,075	1,020	1,029
Operating Profit	-1,471	54	-317	-441	-524	-14	-132	-113
OPM %	-96%	4.1%	-30%	-51%	-72%	-1.3%	-15%	-12%
Other Income	688	475	621	610	572	219	582	636
Interest	1,942	2,111	2,147	2,364	2,694	2,928	2,995	2,976
Depreciation	972	880	759	717	656	600	557	549
Profit before tax	-3,696	-2,462	-2,603	-2,911	-3,302	-3,324	-3,103	-3,003
Tax %	0%	0%	0%	0%	0%	0%	0%	—
Net Profit	-3,696	-2,462	-2,603	-2,911	-3,302	-3,324	-3,103	-3,003
EPS in Rs	-58.66	-39.08	-41.31	-46.20	-52.42	-52.75	-49.25	-47.66
Dividend Payout %	0%	0%	-0%	0%	0%	0%	0%	—

MTNL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	630	630	630	630	630	630	630	630
Reserves	-10,365	-14,216	-16,670	-19,286	-21,473	-24,293	-27,566	-30,605
Borrowings	19,737	23,291	25,599	26,819	28,350	30,141	32,655	35,445
Other Liabilities	4,691	6,969	3,816	4,167	4,155	4,227	4,492	4,589
Total Liabilities	14,693	16,674	13,375	12,329	11,662	10,705	10,211	10,059
Fixed Assets	7,361	6,788	6,167	5,549	4,897	4,269	3,736	3,073
CWIP	320	328	184	74	59	86	32	13
Investments	106	106	106	106	106	106	106	106
Other Assets	6,905	9,452	6,918	6,601	6,600	6,244	6,336	6,868
Total Assets	14,693	16,674	13,375	12,329	11,662	10,705	10,211	10,059

MTNL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	-738	-1,225	-230	707	55	133	322	176
Cash from Investing Activity	-286	-33	-224	202	-164	100	-4	-200
Cash from Financing Activity	1,044	1,326	414	-936	177	-318	-215	-19
Net Cash Flow	20	68	-39	-27	69	-86	103	-43
Free Cash Flow	-1,033	-1,358	-332	692	26	63	306	575
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	55%	84%	-783%	-238%	-15%	-30%	-1,587%	-128%

MTNL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	56.25%	56.25%	56.25%	56.25%	56.25%	56.25%	56.25%	56.25%
FIIs	0.09%	0.14%	0.54%	0.04%	0.05%	0.50%	0.40%	0.01%
DIIs	13.49%	13.46%	13.46%	13.46%	13.43%	13.43%	13.43%	13.43%
Public	30.16%	30.15%	29.76%	30.25%	30.27%	29.82%	29.92%	30.30%
No. of Shareholders	4,41,629	4,37,424	4,14,395	4,00,262	3,87,197	3,74,944	3,66,221	3,58,426

MTNL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	111	147	214	226	244	249	187	126
Inventory Days	—	—	—	—	—	—	—	—
Days Payable	—	—	—	—	—	—	—	—
Cash Conversion Cycle	111	147	214	226	244	249	187	126
Working Capital Days	-1,083	-2,030	-1,285	-2,707	-2,915	-2,195	-2,698	-4,627
ROCE %	-16%	-18%	-4%	-5%	-7%	-9%	-7%	-9%

MTNLUpdated 18 Oct 2026, 21:25

Mahanagar Telephone Nigam

MTNLUpdated 18 Oct 2026, 21:25

Market Cap

₹1,480Cr.

Current Price

₹23.5

High / Low

₹44.7/20.3

ROE%

ROCE-9.27%

Book Value₹-476

Face Value₹10.0

Dividend Yield0.00%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Net Profit	EPS (₹)
Jun 2023	185	645	339	112	163	-850	-850	-13.49
Sep 2023	182	665	316	174	168	-793	-793	-12.58
Dec 2023	169	691	299	142	163	-842	-842	-13.36
Mar 2024	193	689	304	145	162	-818	-818	-12.98
Jun 2024	169	705	280	198	154	-772	-772	-12.25
Sep 2024	251	769	278	60	152	-888	-888	-14.1
Dec 2024	239	728	280	79	147	-836	-836	-13.27
Mar 2025	258	716	274	53	148	-827	-827	-13.13
Jun 2025	145	754	236	47	142	-941	-941	-14.94
Sep 2025	174	742	283	31	139	-959	-959	-15.22
Dec 2025	191	749	222	20	139	-898	-898	-14.26
Mar 2026	350	738	290	510	136	-304	-304	-4.83
Jun 2026	200	748	233	75	135	-841	-841	-13.35

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	3398	1440	4164	444	1131	-2893	0	-2893	-45.93
Mar 2016	3124	1351	3941	881	1152	-2440	-20	-1948	-30.91
Mar 2017	2870	1448	3956	677	1088	-2945	0	-2941	-46.68
Mar 2018	2372	1505	3543	733	1029	-2973	0	-2973	-47.19
Mar 2019	1988	1703	3308	616	984	-3390	0	-3390	-53.81
Mar 2020	1536	1942	3007	688	972	-3696	0	-3696	-58.66
Mar 2021	1304	2111	1250	475	880	-2462	0	-2462	-39.08
Mar 2022	1070	2147	1387	621	759	-2603	0	-2603	-41.31
Mar 2023	862	2364	1302	610	717	-2911	0	-2911	-46.2
Mar 2024	728	2694	1252	572	656	-3302	0	-3302	-52.42
Mar 2025	1061	2928	1075	219	600	-3324	0	-3324	-52.75
Mar 2026	887	2995	1020	582	557	-3103	0	-3103	-49.25
TTM	916	2976	1029	636	549	-3003	—	-3003	-47.66

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	56.25%
FIIs	0.01%
DIIs	13.43%
Public	30.3%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	56.25%	0.47%	13.75%	29.54%
Mar 2024	56.25%	0.55%	13.63%	29.56%
Jun 2024	56.25%	0.38%	13.63%	29.73%
Sep 2024	56.25%	0.06%	13.47%	30.22%
Dec 2024	56.25%	0.09%	13.49%	30.16%
Mar 2025	56.25%	0.14%	13.46%	30.15%
Jun 2025	56.25%	0.54%	13.46%	29.76%
Sep 2025	56.25%	0.04%	13.46%	30.25%
Dec 2025	56.25%	0.05%	13.43%	30.27%
Mar 2026	56.25%	0.5%	13.43%	29.82%
Jun 2026	56.25%	0.4%	13.43%	29.92%
Sep 2026	56.25%	0.01%	13.43%	30.3%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	630	1437	16604	8226	26898	10432	134	182	16150	26898
Mar 2016	630	-1026	13441	5602	18647	9438	137	182	8890	18647
Mar 2017	630	-3997	15201	5844	17679	8632	291	142	8614	17679
Mar 2018	630	-6967	17019	5574	16256	8040	331	106	7779	16256
Mar 2019	630	-10365	19737	4691	14693	7361	320	106	6905	14693
Mar 2020	630	-14216	23291	6969	16674	6788	328	106	9452	16674
Mar 2021	630	-16670	25599	3816	13375	6167	184	106	6918	13375
Mar 2022	630	-19286	26819	4167	12329	5549	74	106	6601	12329
Mar 2023	630	-21473	28350	4155	11662	4897	59	106	6600	11662
Mar 2024	630	-24293	30141	4227	10705	4269	86	106	6244	10705
Mar 2025	630	-27566	32655	4492	10211	3736	32	106	6336	10211
Mar 2026	630	-30605	35445	4589	10059	3073	13	106	6868	10059

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	-1157	-122	1103	-176
Mar 2016	1025	-4	-936	84
Mar 2017	-1050	-9	993	-67
Mar 2018	118	-496	345	-33
Mar 2019	-738	-286	1044	20
Mar 2020	-1225	-33	1326	68
Mar 2021	-230	-224	414	-39
Mar 2022	707	202	-936	-27
Mar 2023	55	-164	177	69
Mar 2024	133	100	-318	-86
Mar 2025	322	-4	-215	103
Mar 2026	176	-200	-19	-43

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	32	57	63	65	111	147	214	226	244	249	187	126
Inventory Days	—	—	—	—	—	—	—	—	—	—	—	—
Days Payable	—	—	—	—	—	—	—	—	—	—	—	—
Cash Conversion Cycle	32	57	63	65	111	147	214	226	244	249	187	126
Working Capital Days	-855	-931	-727	-629	-1,083	-2,030	-1,285	-2,707	-2,915	-2,195	-2,698	-4,627
ROCE %	-8%	-7%	-12%	-13%	-16%	-18%	-4%	-5%	-7%	-9%	-7%	-9%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of MAHANAGAR TELEPHONE NIGAM (MTNL)?

The reported market capitalisation for MAHANAGAR TELEPHONE NIGAM (MTNL) is ₹1,480Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of MTNL?

The current price shown for MAHANAGAR TELEPHONE NIGAM (MTNL) on Fincrux is ₹23.5 with a 52-week high/low of ₹44.7/20.3.

What were MTNL latest quarterly results?

For Jun 2026, MAHANAGAR TELEPHONE NIGAM (MTNL) reported sales ₹200 Cr and net profit ₹-841 Cr (figures in ₹ crore unless noted).

What are MTNL annual sales and net profit?

For TTM, MAHANAGAR TELEPHONE NIGAM (MTNL) shows sales of ₹916 Cr and net profit of ₹-3,003 Cr on the Fincrux profit & loss statement.

Who owns MAHANAGAR TELEPHONE NIGAM (MTNL)?

Latest shareholding for MAHANAGAR TELEPHONE NIGAM (MTNL) on Fincrux: Promoters 56.25% (Sep 2026), FIIs 0.01% (Sep 2026), DIIs 13.43% (Sep 2026), Public 30.30% (Sep 2026), No. of Shareholders 3,58,426% (Sep 2026).

Where can I find MAHANAGAR TELEPHONE NIGAM (MTNL) financials?

MAHANAGAR TELEPHONE NIGAM (MTNL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show MTNL balance sheet and cash flow?

Yes. The MAHANAGAR TELEPHONE NIGAM (MTNL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 21:25