Latest news with #MahanagarTelephoneNigam
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Business Standard
2 days ago
- Business
- Business Standard
MTNL share price jumps 5% in trade today; stock up 25% in one year
Mahanagar Telephone Nigam (MTNL) share price jumped 4.6 per cent in trade on Thursday, June 12, 2025, logging an intraday high at ₹55.5 per share on BSE. At 12:29 PM, MTNL shares were trading 2.51 per cent higher at ₹54.35 per share on the BSE. In comparison, the BSE Sensex was up 0.39 per cent at 82,197.17. The company's market capitalisation stood at ₹3,424.05 crore. Its 52-week high was at ₹101.88 per share and 52-week low was at ₹37.49 per share. In the past one year, MTNL shares have gained 25 per cent as compared to Sensex's rise of around 8 per cent. Why are MTNL shares in demand today? The northward movement in the stock came after reports suggested Cabinet would meet today to discuss the transfer of assets of the company. Further, reports also suggested that Minister of State for Communications Dr CS Pemmasani has said that government remains committed to reviving the ailing state-run telecom operator Mahanagar Telephone Nigam Ltd. However, this Business Standard could not verify these reports. Bankers said they would seek assurance from the Centre to repay dues and details on MTNL assets, which can be monetised. As a last resort, bankers may demand legal remedies to clear the dues. They had flagged the MTNL matter at their last meeting in May with finance ministry officials and sought immediate resolution of the loan defaults. MTNL assets have already been classified as non-performing assets (NPA), and have provided a 100 per cent provision against it. Public sector banks (PSBs) have an exposure of over ₹8,000 crore to the state-owned telecom firm, with the loans turning into NPAs. The seven PSBs with exposure to MTNL are Union Bank of India (₹3,543 crore), Indian Overseas Bank (₹2,319 crore), Bank of India (₹1,053.8 crore), Punjab National Bank (₹454 crore), State Bank of India (₹337 crore), UCO Bank (₹260 crore), and Punjab & Sind Bank (₹176 crore). MTNL defaulted on these loans last year. The state-run telecom company has defaulted on ₹8,346 crore in loan repayments to multiple banks, as of April 30.
Business Standard
30-05-2025
- Business
- Business Standard
Mahanagar Telephone Nigam reports consolidated net loss of Rs 827.88 crore in the March 2025 quarter
Sales decline 18.73% to Rs 169.87 crore Net Loss of Mahanagar Telephone Nigam reported to Rs 827.88 crore in the quarter ended March 2025 as against net loss of Rs 783.74 crore during the previous quarter ended March 2024. Sales declined 18.73% to Rs 169.87 crore in the quarter ended March 2025 as against Rs 209.02 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 3327.69 crore in the year ended March 2025 as against net loss of Rs 3267.52 crore during the previous year ended March 2024. Sales declined 12.59% to Rs 698.02 crore in the year ended March 2025 as against Rs 798.56 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 169.87209.02 -19 698.02798.56 -13 OPM % -71.84-35.96 - -68.81-61.09 - PBDT -677.28-619.61 -9 -2716.16-2601.36 -4 PBT -828.50-783.93 -6 -3328.31-3267.71 -2 NP -827.88-783.74 -6 -3327.69-3267.52 -2
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Business Standard
21-04-2025
- Business
- Business Standard
MTNL shares dip 6% as company again defaults payment of instalment to banks
Mahanagar Telephone Nigam (MTNL) shares slipped 5.6 per cent in trade on Monday, logging an intraday low at ₹41.38 per share on BSE. The stock declined after the company defaulted on the payment of principal (instalment) and interest to Union Bank of India, Bank of India, Punjab National Bank, State Bank of India (SBI), UCO Bank, Punjab and Sind Bank, and Indian Overseas Bank. However, around 12:31 PM, MTNL share price recovered slightly and was down 0.71 per cent at ₹43.54 per share on BSE. In comparison, the BSE Sensex was up 1.26 per cent at 79,539.64. The market capitalisation of the company stood at ₹2,743.02 crore. The 52-week high of the stock was at ₹101.88 per share and the 52-week low was at ₹32.7 per share. "Further to our letter of even no dtd. 05.07.2024, 19.07.2024, 05.08.2024, 05.09.2024, 08.10.2024, 12.11.2024, 11.12.2024, 15.01.2025, 12.02.2025 & 15.03.2025 and pursuant to regulation 30 of Sebi (LODR) 2015 and Sebi Circular No Sebi/HO/CFD/CMD1/CIR/P/2019/140 dated 21.11.2019, we wish to inform you that MTNL has defaulted in the Payment of Principal (Instalment) and Interest," the filing read. With this the amount of outstanding borrowings from Banks/Financial Institutions stand at ₹8,346 crore. The total financial indebtedness of the company including Short Term and Long Term debt stands at ₹33,568 crore which includes a bank loan of ₹8346 crore, SG Bond of ₹24,071 crore and loan from DoT for paying SG Bond interest of ₹1,151 crore. Mahanagar Telephone Nigam Limited (MTNL) is a state-owned telecommunications company in India which provides telephone services. MTNL has been a significant player in India's telecom sector, offering services such as fixed-line telephony, broadband, and mobile services. As per its official website, MTNL was set up on April 1, 1986, by the Government of India to upgrade the quality of telecom services, expand the telecom network, introduce new services, and to raise revenue for telecom development needs of India's key metros Delhi, the political capital and Mumbai, the financial capital of India. In one year, shares of MTNL gained 21.5 per cent as compared to Sensex's rise of 6.6 per cent.
