The board of directors of Mahanagar Telephone Nigam Ltd (MTNL) is scheduled to meet on Wednesday, May 28, 2025 to consider and approve Q4 results 2025, as per the company's announcement in an exchange filing.
“we write to inform you that a meeting of the board of directors will be held on Wednesday, 28th May 2025 to inter-alia consider and approve the audited financial statements (Standalone and Consolidated) of the company for the financial year ended March 31, 2025,” said MTNL.
The state-owned telecom provider reported a net loss of ₹836 crore for the third quarter of FY25, compared to a loss of ₹839 crore during the same period last year. The company's operational revenue fell by 11.6% year-over-year to ₹170 crore, down from ₹192.2 crore in Q3 FY24, highlighting ongoing challenges within the telecom industry.
MTNL’s earnings before interest, tax, depreciation, and amortisation (EBITDA) loss increased to ₹128.1 crore from ₹125.7 crore in the corresponding period last year, reflecting persistent cost pressures and operational challenges. The company has been facing financial difficulties for several years, struggling to keep pace with private telecommunications competitors.
MTNL has failed to meet its bank loan obligations totaling ₹8,346.24 crore to seven public sector banks, as indicated in a regulatory filing.
As of March 31, 2025, the total debt commitments of the loss-making public sector telecom firm have reached ₹33,568 crore, according to the filing dated April 19.
The overall loan default comprises ₹3,633.42 crore borrowed from Union Bank of India, ₹2,374.49 crore from Indian Overseas Bank, ₹1,077.34 crore from Bank of India, ₹464.26 crore from Punjab National Bank, ₹350.05 crore from State Bank of India, ₹266.30 crore from UCO Bank, and ₹180.3 crore including principal and interest payments.
MTNL share price today opened at ₹42.76 apiece on the BSE, the stock touched an intraday high of ₹43.40 per share, and an intraday low of ₹41.38 apiece.
Riyank Arora, Technical Analyst, Mehta Equities Ltd stated that MTNL share price is trading at ₹43 and showing a sideways trend between ₹40 and ₹46. Momentum indicators like RSI are neutral, and volumes are subdued. The stock needs a breakout above ₹46 or breakdown below ₹40 for a clear move. Till then, it is expected to remain range-bound with limited momentum.
Further, Anshul Jain, Head of Research at Lakshmishree Investment and Securities, explained that MTNL share price after a 63.29% fall in 31 weeks, is forming a rectangle base pattern with boundaries at ₹40 and ₹56.
The stock is now bouncing from the lower end of the base with a failed low, indicating selling exhaustion. This setup increases the probability of a move toward the upper end of the range. Immediate upside levels that bulls will eye are the swing highs at ₹51 and ₹56. A sustained move above ₹56 can trigger a fresh rally.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.