TATA TELESERVICES (MAHARASHTRA) LIMITED — Year ended March 31, 2026 (Quarter ended March 31, 2026)
The following financial tables are extracted from the provided quarterly results document.
| Sr. No. | Particulars | Quarter Ended March 31, 2026 (Refer Note 7) |
December 31, 2025 (Unaudited) |
March 31, 2025 (Refer Note 7) |
Year Ended March 31, 2026 (Audited) |
Year Ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|---|
| I | Income | |||||
| Revenue from operations | 295.54 | 294.31 | 308.27 | 1,160.23 | 1,308.04 | |
| Other income | 1.74 | 1.82 | 1.94 | 7.53 | 8.10 | |
| Total Income | 297.28 | 296.13 | 310.21 | 1,167.76 | 1,316.14 | |
| II | Expenses | |||||
| Employee benefits expenses | 20.77 | 22.35 | 21.13 | 86.48 | 83.09 | |
| Operating and other expenses | 113.77 | 98.16 | 137.26 | 456.34 | 654.17 | |
| 134.54 | 120.51 | 158.39 | 542.82 | 737.26 | ||
| III | Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) (I – II) | 162.74 | 175.62 | 151.82 | 624.94 | 578.88 |
| Depreciation and amortisation expense (Refer Note 3) | (31.72) | (35.67) | (42.06) | (141.83) | (167.93) | |
| Finance costs | (215.28) | (287.82) | (419.32) | (1,360.98) | (1,694.04) | |
| Finance income | 0.22 | 0.14 | 1.42 | 0.47 | 2.50 | |
| Net gain on investments (realised and unrealised) | 2.17 | 1.35 | 1.72 | 7.15 | 5.27 | |
| IV | (Loss) before exceptional items and tax | (81.87) | (146.38) | (306.42) | (870.25) | (1,275.32) |
| Exceptional items (net) (Refer Note 2) | 662.80 | (4.05) | – | 654.95 | – | |
| V | Profit/(Loss) before tax | 580.93 | (150.43) | (306.42) | (215.30) | (1,275.32) |
| VI | Tax expense | – | – | – | – | – |
| VII | Profit/(Loss) after tax | 580.93 | (150.43) | (306.42) | (215.30) | (1,275.32) |
| Other comprehensive income | ||||||
| Items that may be reclassified to profit and loss | ||||||
| Effective portion of gain on designated portion of hedging instruments in cash flow hedge | – | (2.82) | 2.82 | (2.82) | – | |
| Items that will not be reclassified to profit and loss | ||||||
| Remeasurements of defined benefit plans | 0.17 | (0.43) | 0.34 | (0.14) | 1.36 | |
| VIII | Total other comprehensive income/(loss) | 0.17 | (0.43) | (2.48) | 2.68 | (1.46) |
| IX | Total comprehensive income/(loss) | 581.10 | (150.86) | (308.90) | (212.62) | (1,276.78) |
| X | Paid up equity share capital (Face value of Rs. 10 each) |
1,954.93 | 1,954.93 | 1,954.93 | 1,954.93 | 1,954.93 |
| XI | Other equity (including reserves)* | – | – | – | (21,938.31) | (21,525.22) |
| XII | Earning/(Loss) per equity share (Face value of Rs. 10 each)** | |||||
| Basic (In Rs.) | 2.97 | (0.77) | (1.57) | (1.10) | (6.52) | |
| Diluted (In Rs.) | 2.97 | (0.77) | (1.57) | (1.10) | (6.52) | |
| XIII | Interest service coverage ratio (‘ISCR’) – [no. of times] EBITDA/ Interest Expenses* |
0.97 | 1.02 | 0.89 | 0.90 | 0.84 |
| XIV | Operating profit margin – [%] (EBITDA – Depreciation – Other Income) / Revenue from operations |
43.74 | 46.93 | 34.98 | 40.99 | 30.80 |
| XV | Net profit/(loss) margin – [%] (Loss) after tax / Revenue from operations |
196.57 | (51.11) | (99.40) | (18.56) | (97.50) |
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| A. ASSETS | ||
| (1) Non-current assets | ||
| (a) Property, plant and equipment | 698.49 | 683.15 |
| (b) Right of use assets | 238.29 | 112.22 |
| (c) Capital work-in-progress | 27.59 | 34.76 |
| (d) Intangible assets | 2.09 | 2.82 |
| (e) Other financial assets | 8.10 | 6.75 |
| (f) Non-current tax assets (net) | 17.97 | 19.68 |
| (g) Other non-current assets | 164.17 | 149.93 |
| Sub-total – Non-current assets | 1,156.70 | 1,009.31 |
| (2) Current assets | ||
| (a) Financial assets | ||
| (i) Investments | 23.13 | 57.98 |
| (ii) Trade receivables | 95.48 | 144.66 |
| (iii) Cash and cash equivalents | 15.40 | 42.37 |
| (iv) Bank balances other than (iii) above | 0.23 | 0.08 |
| (v) Other financial assets | 2.45 | 18.92 |
| (vi) Derivative financial asset | 0.02 | – |
| (b) Current tax assets (net) | 15.47 | – |
| (c) Other current assets | 32.15 | 30.47 |
| Sub-total – Current assets | 184.33 | 294.48 |
| TOTAL – ASSETS | 1,341.03 | 1,303.79 |
| B. EQUITY AND LIABILITIES | ||
| (1) Equity | ||
| (a) Share capital | 1,954.93 | 1,954.93 |
| (b) Other equity | (21,938.31) | (21,525.22) |
| Sub-total – Equity | (19,983.38) | (19,570.29) |
| (2) Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 2,919.77 | 10,865.08 |
| (ii) Lease liabilities | 179.56 | 38.65 |
| (b) Deferred revenue | 35.75 | 12.56 |
| (c) Provisions | 5.19 | 0.89 |
| Sub-total – Non-current liabilities | 3,140.27 | 10,917.18 |
| (3) Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 17,743.27 | 9,477.08 |
| (ii) Lease liabilities | 26.32 | 34.99 |
| (iii) Trade payables | ||
| – Total outstanding dues of micro enterprises and small enterprises | 3.49 | 1.37 |
| – Total outstanding dues other than micro enterprises and small enterprises | 235.65 | 209.21 |
| (iv) Other financial liabilities | 27.30 | 77.97 |
| (v) Derivative financial liabilities | – | 2.97 |
| (b) Deferred revenue | 77.23 | 73.03 |
| (c) Provisions | 50.09 | 55.86 |
| (d) Other current liabilities | 20.79 | 24.42 |
| Sub total – Current liabilities | 18,184.14 | 9,956.90 |
| TOTAL – EQUITY AND LIABILITIES | 1,341.03 | 1,303.79 |
| Particulars | March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|
| A Cash flows from operating activities | ||
| (Loss) before tax | (215.30) | (1,275.32) |
| Adjustments for: | ||
| Depreciation and amortisation expenses | 141.83 | 167.93 |
| Reversal of Deferred Payment Liabilities for LF & SUC | (666.70) | – |
| (Gain) on discontinuation of lease as per IND AS 116 (net) | (0.79) | (2.13) |
| (Gain) on disposal of property, plant and equipment/ written off (net) | (1.88) | (0.93) |
| Net gain on investments (realised and unrealised) | (7.15) | (5.27) |
| Foreign exchange (Gain)/Loss (net) | (0.12) | 0.19 |
| Finance income | (0.65) | (2.50) |
| Fair value adjustment to derivatives not designated as hedges | (0.15) | 0.15 |
| Liabilities no longer required written back | (0.14) | (0.98) |
| Impairment loss on financial assets | 1.85 | 2.58 |
| Finance costs | 1,360.98 | 1,694.04 |
| Movement in working capital: | 611.78 | 577.76 |
| Decrease in trade receivables | 47.33 | 8.64 |
| Decrease/(Increase) in financial assets | 15.38 | (6.82) |
| (Increase)/Decrease in other assets | (10.84) | 7.89 |
| Increase/(Decrease) in trade payables | 18.24 | (76.68) |
| (Decrease)/Increase in financial liabilities | (22.72) | 0.54 |
| (Decrease)/Increase in other liabilities | (3.63) | 4.48 |
| Increase/(Decrease) in deferred revenue | 27.39 | (18.82) |
| (Decrease) in provisions | (1.61) | (2.86) |
| Cash generated from operations | 69.54 | (83.63) |
| Net Income tax (paid)/refunds | 681.32 | 494.13 |
| Net cash generated from operating activities (A) | (13.76) | 11.00 |
| 667.56 | 505.13 | |
| B Cash flows from investing activities | ||
| Payments for property, plant and equipment (including capital work-in-progress, capital advances, intangible assets) | (135.07) | (99.12) |
| Proceeds from disposal of property, plant and equipment | 2.27 | 6.66 |
| Interest received | 0.37 | 1.40 |
| Payments for purchase of investments | (2,136.71) | (1,335.58) |
| Proceeds from sale of investments | 2,178.71 | 1,317.22 |
| Investment in bank deposits (having original maturity of more than three months) | (0.15) | – |
| Net cash (used) in investing activities (B) | (90.58) | (109.42) |
| C Cash flows from financing activities | ||
| Proceeds from long term borrowings | 870.00 | 197.70 |
| Repayment of long term borrowings | (2,122.99) | – |
| Proceeds from short term borrowings | 2,232.02 | 1,227.55 |
| Repayment of short term borrowings | (1,154.10) | (1,367.16) |
| Principal element of lease payments | (36.74) | (44.33) |
| Interest paid | (392.14) | (399.51) |
| Net cash (used) in financing activities (C) | (603.95) | (385.75) |
| Net (decrease)/increase in cash and cash equivalents (A+B+C) | (26.97) | 9.96 |
| Cash and cash equivalents at the beginning of the year | 42.37 | 32.41 |
| Cash and cash equivalents at the end of the year | 15.40 | 42.37 |
| (26.97) | 9.96 |
| Particulars | March 31, 2026 | March 31, 2025 |
|---|---|---|
| Acquisition of right-of-use assets | 185.29 | 32.81 |
| Particulars | Quarter ended March 31, 2026 (Refer Note 7) |
December 31, 2025 (Unaudited) |
March 31, 2025 (Refer Note 7) |
Year ended March 31, 2026 (Audited) |
Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| i) Debt service coverage ratio (“DSCR”) – [no. of times] EBITDA / (Interest expenses* + Principal repayments of long term borrowings due within 12 months from the balance sheet date) |
0.03 | 0.04 | 0.02 | 0.11 | 0.06 |
| ii) Debt Equity ratio – [no. of times] Total debt*** / Total equity |
(1.03) | (1.03) | (1.04) | (1.03) | (1.04) |
| iii) Networth – [Rs. in Crores] Paid up equity share capital + Reserves (excluding cash flow hedge reserve) |
(19,983.38) | (20,564.48) | (19,567.47) | (19,983.38) | (19,567.47) |
| iv) Outstanding Redeemable Preference Shares – Quantity [In nos] – Value [Rs. in Crores] |
201,800,000 1,938.16 |
201,800,000 1,897.17 |
201,800,000 1,777.23 |
201,800,000 1,938.16 |
201,800,000 1,777.23 |
| v) Current ratio [no. of times] Total current assets / (Total current liabilities – Short term borrowings****) |
0.42 | 0.44 | 0.61 | 0.42 | 0.61 |
| vi) Long term debt to working capital [no. of times] Total non-current borrowings / [Total current assets – (Total current liabilities – Short term borrowings****)] |
(11.38) | (20.39) | (58.62) | (11.38) | (58.62) |
| vii) Bad debts to Account receivable ratio (%) Total bad debts / Average trade receivables**** |
0.16 | (8.95) | 0.07 | 1.54 | 2.66 |