Tata Teleservices Maharashtra narrows Q1FY27 loss to ₹72.15 crore on revenue growth
Tata Teleservices Maharashtra significantly reduced its Q1FY27 net loss to ₹72.15 crore from ₹324.98 crore a year ago, aided by a 6.1% revenue increase to ₹301.57 crore and improved EBITDA margins. The board extended preference share redemption terms and appointed new statutory auditors.
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Tata Teleservices (Maharashtra) Limited narrowed its net loss to ₹72.15 crore for the first quarter ended June 30, 2026, a significant improvement from the ₹324.98 crore loss recorded in the corresponding quarter of the previous year. The reduction in losses was primarily driven by a 6.1% year-on-year increase in revenue from operations to ₹301.57 crore from ₹284.25 crore, alongside an expansion in Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) margin to 54.68% from 51.65%. Despite these operational gains, high finance costs of ₹206.09 crore continued to pressure profitability, underscoring the company’s reliance on debt management and liquidity support from its holding company.
Financial Performance
The unaudited financial results, reviewed by statutory auditor M/s. Price Waterhouse Chartered Accountants LLP, highlight a substantial decrease in the net loss despite persistent interest burdens. Total income for the quarter stood at ₹303.90 crore. Earnings per share (EPS) for the quarter was a loss of ₹0.37, compared to a loss of ₹1.66 in the year-ago period. The company’s EBITDA rose to ₹164.90 crore from ₹146.81 crore in the previous year.
The table below summarises the key financial metrics for the quarter:
| Particulars: | Quarter ended June 30, 2026 (Unaudited) | Quarter ended June 30, 2025 (Unaudited) |
|---|---|---|
| Revenue from Operations (₹ crore): | 301.57 | 284.25 |
| Total Income (₹ crore): | 303.90 | 286.36 |
| EBITDA (₹ crore): | 164.90 | 146.81 |
| EBITDA Margin (%): | 54.68 | 51.65 |
| Net Loss (₹ crore): | (72.15) | (324.98) |
| EPS — Basic (₹): | (0.37) | (1.66) |
Board Decisions and Appointments
The Board of Directors approved the financial results and granted several key approvals during its meeting on July 22, 2026. The board approved the extension of the term of redemption for 20,18,00,000 Non-Cumulative Non-Convertible Redeemable Preference Shares (RPS) of ₹100 each, aggregating to ₹2,018 crore. The redemption term is extended till October 17, 2036, subject to requisite approvals.
Based on the recommendations of the Audit Committee, the board recommended the appointment of M/s T. P. Ostwal & Associates LLP as the Statutory Auditors for a term of five years, subject to shareholder approval. The firm will hold office from the conclusion of the 32nd Annual General Meeting in 2027 until the conclusion of the 37th AGM in 2032. Additionally, the board appointed Mr Kushalraj Sonigda as a Senior Management Personnel effective July 22, 2026.
Debt and Liquidity Position
The company repaid commercial papers amounting to ₹1,245 crore during the quarter. Outstanding commercial papers as of June 30, 2026, stood at ₹1,425 crore. The net worth of the company was reported at negative ₹20,055.53 crore. The company stated that its accumulated losses exceeded its paid-up capital and reserves, but it has received a support letter from its ultimate holding company to cover any shortfall in liquidity for the next 12 months.
Regulatory Disclosures
Pursuant to Regulation 47(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the extracts of the financial results for the quarter ended June 30, 2026, were published in Business Line (English) and Navashakti (Marathi) on July 23, 2026.
Historical Stock Returns for Tata Teleservices Maharashtra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.58% | -1.89% | -6.93% | -12.72% | -36.74% | +2.46% |
How will the extension of the ₹2,018 crore preference share redemption to 2036 impact Tata Teleservices' long-term capital structure and equity dilution risks?
Given the persistent negative net worth of ₹20,055 crore, what specific milestones must be met for the company to achieve debt-free status or attract independent institutional investment?
Will the recent appointment of Senior Management Personnel signal a strategic shift in operational efficiency or cost-cutting measures to further reduce high finance costs?
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