TTML shares fell 10% to Rs 34.24 on the NSE on the morning of October 23, 2026, a day after rallying around 19% following Tata Teleservices (Maharashtra)’s second-quarter earnings announcement. The reversal came despite a narrower net loss and higher revenue for the July–September quarter of fiscal 2027.
Key Takeaways
- The October 23 decline reversed part of the previous session’s roughly 19% advance.
- Q2 FY27 revenue rose 8.4% year over year, while the company remained loss-making.
- New director and company secretary appointments take effect on October 23 and November 1, respectively.
Table of Contents
- TTML shares reverse part of the earnings-day advance
- Quarterly losses narrow as revenue improves
- Board and management appointments accompany results
- Conclusion
TTML shares reverse part of the earnings-day advance
Tata Teleservices (Maharashtra) released its September-quarter results during market hours on October 22. Shares rallied that day before falling sharply in the following morning’s trading. The Rs 34.24 price was an intraday observation, not a closing price.
The decline put the company’s market capitalisation at nearly Rs 6,740 crore. Shares were down more than 30% in 2026 to that point and 59% over three years, placing the two-session swing within a longer period of weakness.
The timing links the volatility to the earnings-release window, but it does not establish a specific reason for the October 23 selling.
| Item | Details |
|---|---|
| Net loss | Q2 FY27: Rs 59 crore; Q2 FY26: Rs 321 crore; Q1 FY27: Rs 72 crore. |
| Revenue from operations | Q2 FY27: Rs 310 crore; Q2 FY26: Rs 286 crore; Q1 FY27: Rs 301.57 crore. |
| EBITDA | Q2 FY27: Rs 165 crore; Q2 FY26: Rs 140 crore; flat sequentially. |
Quarterly losses narrow as revenue improves
The company reported a net loss of Rs 59 crore for Q2 FY27, compared with Rs 321 crore a year earlier. Revenue from operations increased 8.4% year over year, while EBITDA also improved from the corresponding quarter.
Sequentially, the net loss narrowed from Rs 72 crore in Q1 FY27. Revenue increased from Rs 301.57 crore, but EBITDA was flat. The figures therefore show an improvement in quarterly performance without a return to net profitability.
The company’s financial-results section forms part of its investor disclosures and offers period and year selectors for browsing financial updates.
Board and management appointments accompany results
Gaurav Gupta was appointed an additional director, in a non-executive and non-independent capacity, effective October 23, 2026. Sweety Mamodia is scheduled to become company secretary and compliance officer on November 1, 2026.
The company also appointed Sai Pratyush, Vice President of Strategy, and Vaibhav Ambradkar, General Manager of the Customer Experience Group, as members of senior management.
Conclusion
The earnings improvement did not prevent a sharp reversal in TTML shares on October 23. The next dated corporate change announced alongside the results is Mamodia’s scheduled appointment as company secretary and compliance officer on November 1.
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