Tata Teleservices narrows Q1FY27 net loss to ₹72.15 crore
Tata Teleservices (Maharashtra) Limited reported a narrowed net loss of ₹72.15 crore for Q1FY27, an improvement from the ₹324.98 crore loss recorded in the same period last year, driven by higher revenue and improved EBITDA margins. The board approved the extension of the redemption term for preference shares aggregating ₹2,018 crore and recommended the appointment of M/s T. P. Ostwal & Associates LLP as statutory auditors for a five-year term. Additionally, the company repaid ₹1,245 crore in commercial papers during the quarter, maintaining liquidity support from its ultimate holding company despite negative net worth.
*this image is generated using AI for illustrative purposes only.
Tata Teleservices (Maharashtra) Limited narrowed its net loss to ₹72.15 crore for the first quarter ended June 30, 2026, compared to a net loss of ₹324.98 crore in the corresponding quarter of the previous year. Revenue from operations rose to ₹301.57 crore from ₹284.25 crore in the same period last year. The company's EBITDA stood at ₹164.90 crore, with an EBITDA margin of 54.68%, compared to ₹146.81 crore and a margin of 51.65% in the year-ago period. Finance costs for the quarter were ₹206.09 crore.
Financial Performance
The unaudited financial results, reviewed by statutory auditor M/s. Price Waterhouse Chartered Accountants LLP, show a reduction in net loss despite high finance costs. Total income for the quarter was ₹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 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
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.
Auditor and Management Appointments
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
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.
Historical Stock Returns for Tata Teleservices Maharashtra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.12% | -0.02% | -9.09% | -5.03% | -35.33% | +2.27% |
What strategies will the company employ to reduce its substantial finance costs, which currently outweigh its EBITDA?
How does the extension of the redemption term for preference shares impact the company's long-term debt restructuring plans?
What specific operational improvements drove the increase in EBITDA margin, and can this growth be sustained in upcoming quarters?
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