Tata Teleservices (Maharashtra) (532371) Q3 25/26 earnings summary

Executive summary

• Unaudited financial results for Q3 and nine months ended December 31, 2025, were approved, with a limited review report issued by statutory auditors with an unmodified opinion.

Financial highlights

• Revenue from operations for Q3 FY26 was ₹294.31 crore, up from ₹286.13 crore in the previous quarter, but down from ₹332.77 crore year-over-year.

• EBITDA for Q3 FY26 stood at ₹175.62 crore, up from ₹139.77 crore sequentially, but down from ₹149.79 crore year-over-year.

• Net loss for Q3 FY26 was ₹150.43 crore, a significant improvement from a net loss of ₹320.82 crore in the previous quarter, but still a loss compared to ₹315.11 crore in Q3 FY25.

• Net loss margin for Q3 FY26 was (51.11)%, compared to (112.12)% in the previous quarter and (94.69)% year-over-year.

Outlook and guidance

• Financial statements have been prepared on a going concern basis, supported by a letter from the ultimate holding company to address any liquidity shortfall over the next 12 months.