Tata Teleservices (Maharashtra) Limited has released its audited financial results for the quarter and year ended March 31, 2026. The company reported a total income of ₹1,167.76 crore for the full fiscal year. Amidst significant challenges, including the settlement of Adjusted Gross Revenue (AGR) dues, the company reported a net loss of ₹215.30 crore for the year. The company continues to receive financial support from its ultimate holding company to maintain its going concern status.
Annual Financial Performance
For the financial year ended March 31, 2026, the company recorded a total income of ₹1,167.76 crore, compared to ₹1,316.14 crore in the previous year. The company achieved an EBITDA of ₹624.94 crore for the fiscal year, showing an improvement over the ₹578.88 crore reported in the prior period. Despite these operating gains, the company posted a net loss of ₹215.30 crore for the year, marking a recovery from the ₹1,275.32 crore net loss reported for the year ended March 31, 2025.
Impact of Exceptional Items
The financial results for the year were significantly influenced by exceptional items totaling a gain of ₹654.95 crore. A major contributor to this was a ₹666.70 crore write-back of provisions related to license fees and Spectrum Usage Charges (SUC). This adjustment follows the receipt of final AGR outstanding figures from the Department of Telecommunications (DoT) and the successful payment of the first annual installment for AGR dues, which amounted to ₹615.42 crore, on March 31, 2026.
Strategic Adjustments and Outlook
During the fiscal year, the company reassessed the useful life of certain network assets, revising them from 18 years to 25 years. This change resulted in a depreciation charge reduction of ₹23.91 crore for the year. To ensure the company remains a going concern, the ultimate holding company has provided a support letter confirming it will organize the necessary liquidity to meet the company’s financial requirements for the next 12 months.
Source: BSE
