Tata Teleservices Announces Q1 Financial Results, Extends RPS Redemption Term, and Appoints New Auditors
Tata Teleservices (Maharashtra) Ltd has approved its unaudited financial results for the first quarter ended June 30, 2026. The company also finalized several key corporate actions following a Board meeting held on July 22, 2026, including the appointment of new senior management personnel and the extension of the redemption term for certain preference shares.The un-audited financial results were approved by the Board, with the supporting Limited Review Report issued by M/s Price Waterhouse Chartered Accountants LLP forming part of the results documentation. The company's first quarter figures reflect a diversified operational performance across various metrics as detailed below:
| Particulars | Quarter ended June 30, 2026 (Unaudited) | March 31, 2026 (Refer note 7) | June 30, 2025 (Unaudited) | March 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 301.57 Crores | 295.54 Crores | 284.25 Crores | 1,160.23 Crores |
| Total Income | 303.90 Crores | 297.28 Crores | 286.36 Crores | 1,167.76 Crores |
| EBITDA | 164.90 Crores | 162.74 Crores | 146.81 Crores | 624.94 Crores |
| Profit/(Loss) after tax | (72.15) Crores | 580.93 Crores | (324.98) Crores | (215.30) Crores |
| Paid up equity share capital | 1,954.93 Crores | 1,954.93 Crores | 1,954.93 Crores | 1,954.93 Crores |
Key Corporate Actions and Appointments
Senior Management Appointment:The Board approved the appointment of Mr Kushalraj Sonigda as a Senior Management Personnel of the Company, effective July 22, 2026. Mr. Sonigda is a corporate law and governance professional with over 13 years of experience across leading consulting firms and financial services organizations.
Statutory Auditors:
Based on the recommendations of the Audit Committee, the Board approved the appointment of M/s T. P. Ostwal & Associates LLP, Chartered Accountants (ICAI Firm Registration No. 124444W/W100150). The firm is set to serve as Statutory Auditors for a term of five consecutive years, starting from the conclusion of the 32nd Annual General Meeting in the year 2027 and extending till the conclusion of the 37th AGM in the year 2032.
Redeemable Preference Shares:
The Board further approved an extension of the redemption term for 201,800,000 (0.1% Non-Cumulative Non-Convertible Non-Redeemable Preference Shares) issued to Tata Teleservices Limited on October 18, 2016. The shares, aggregating to Rs. 2,018 Crores, now have a redemption term extended till October 17, 2036.
Debt Instrument and Repayment Status
The company has maintained its commitment regarding the repayment of Commercial Papers (CP). The payment details for the quarter ended June 30, 2026, are as follows:| ISIN | Amount (Rs. in Crores) | Due date of Repayment | Actual Date of Repayment |
|---|---|---|---|
| INE517B14AI9 | 630.00 | Jun 19, 2026 | Jun 19, 2026 |
| INE517B14AH1 | 615.00 | Jun 09, 2026 | Jun 09, 2026 |
| INE517B14AJ7 | 575.00 | Sept 08, 2026 | Not yet due |
| INE517B14AG3 | 850.00 | Nov 17, 2026 | Not yet due |
The total outstanding Commercial Papers as of June 30, 2026, amount to Rs. 1,425 Crores (at Maturity value).
Financial Ratios and Debt Structure
Financial data related to the company's debt instrument commitments include:| Particulars | Quarter ended June 30, 2026 (Unaudited) | March 31, 2026 (Refer note 7) | June 30, 2025 (Unaudited) |
|---|---|---|---|
| Debt service coverage ratio (DSCR) - [no. of times] | 0.03 | 0.03 | 0.02 |
| Debt Equity ratio - [no. of times] | (1.03) | (1.03) | (1.04) |
| Networth - [Rs. in Crores] | (20,055.53) | (19,983.38) | (19,568.46) |
| Outstanding Redeemable Preference Shares - Quantity [In nos] | 201,800,000 | 201,800,000 | 201,800,000 |
The company's current ratio stands at 0.46 for the quarter ended June 30, 2026, while its Debtors turnover measured 18 days over the same period.
TTML Stock Price Movement
As of 12:48 PM, shares of Tata Teleservices (Maharashtra) Limited are shedding value, slipping by 1.37% in live trading and currently resting at ₹39.6. The stock has seen a notable turnover this session, with 651,510 shares traded so far on the exchange floor.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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