Also trades as: MTNL.BO (BSE) · $vol 0M

₹23.47 ($0.24)

-1.19 (-4.83%)

NSE · Communication Services · Telecommunications Services · Tech Score Neutral · Power 46 · ₹15.4B mcap · 268M float · 0.443% daily turnover

Analysis Technicals Weather Peers

Revenue

$9.6B +37.0% ▲

5Y CAGR: -7.2%

Gross Profit

$8.6B +239.4% ▲

Operating Income

-$7.1B +35.0% ▲

Net Income

-$31.1B +6.6% ▲

EPS (Diluted)

$-49.30 +6.7% ▲

EBITDA

$4.4B +122.0% ▲

5Y CAGR: -3.8%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$11.5B	$9.4B	$8.0B	$7.0B	$9.6B
YoY Growth	-17.2%	-18.6%	-14.6%	-12.6%	+37.0%
Cost of Revenue	$7.8B	$1.7B	$8.4B	$13.2B	$919M
Gross Profit	$3.7B	$7.7B	-$392M	-$6.2B	$8.6B
Gross Margin	32.1%	81.9%	-4.9%	-88.9%	90.4%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$227M	$154M	$82M	$4.7B	$72M
Operating Expenses	$12.9B	$3.5B	$2.9B	$4.7B	$15.7B
Operating Income	-$9.3B	-$11.7B	-$11.5B	-$10.9B	-$7.1B
Operating Margin	-81.4%	-125.0%	-143.9%	-156.5%	-74.3%
Interest Expense	$21.4B	$23.5B	$26.9B	$29.2B	$29.8B
Income Before Tax	-$26.0B	-$29.2B	-$32.7B	-$33.3B	-$31.1B
Tax Expense	$29M	-$5M	-$2M	-$6M	$1M
Net Income	-$26.0B	-$29.2B	-$32.7B	-$33.3B	-$31.1B
Net Margin	-226.5%	-311.7%	-409.2%	-476.7%	-324.9%
EPS (Diluted)	$-41.32	$-46.27	$-51.87	$-52.82	$-49.30
EBITDA	$3.1B	$1.6B	$843M	$2.0B	$4.4B
Shares Outstanding	630M	630M	630M	630M	630M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$1.8B	$1.7B	$1.7B	$1.7B	$657M	$1.9B	$2.0B	$3.7B
Cost of Revenue	$3.3B	$7.7B	$327M	$3.4B	$205M	$217M	$2.8B	$297M
Gross Profit	-$1.5B	-$6.0B	$1.4B	-$1.7B	$452M	$1.7B	-$856M	$3.4B
Gross Margin	-81.8%	-343.1%	80.8%	-97.8%	68.8%	88.5%	-43.3%	92.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$1.5B	$0	$0	$1.1B	$969M	$1.6B	$972M	$1.3B
Operating Expenses	$1.2B	$1.2B	$4.2B	$1.1B	$3.8B	$4.2B	$972M	$4.2B
Operating Income	-$7M	-$2.7B	-$2.8B	-$2.7B	-$3.3B	-$2.5B	-$1.8B	-$794M
Operating Margin	-0.4%	-157.2%	-163.4%	-160.9%	-503.0%	-131.8%	-92.6%	-21.4%
Interest Expense	$7.1B	$7.7B	$7.3B	$7.2B	$7.5B	$7.4B	$7.5B	$7.4B
Income Before Tax	-$7.7B	-$8.9B	-$8.4B	-$8.3B	-$9.4B	-$9.6B	-$9.0B	-$3.1B
Tax Expense	-$7M	$0	$0	-$6M	$0	$0	$0	$1M
Net Income	-$7.7B	-$8.9B	-$8.4B	-$8.3B	-$9.4B	-$9.6B	-$9.0B	-$3.1B
Net Margin	-420.7%	-511.0%	-491.6%	-487.4%	-1434.7%	-506.0%	-454.1%	-82.8%
EPS (Diluted)	$-12.28	$-14.13	$-13.27	$-13.14	$-14.97	$-15.24	$-14.24	$-4.87
EBITDA	$876M	$338M	$415M	$384M	-$436M	-$766M	-$407M	$5.7B
Shares Outstanding	630M	630M	630M	630M	630M	630M	630M	630M

MTNL.NS NSE