TTML results for the quarter ended September 30, 2026, showed a sharply narrower net loss of ₹59.20 crore, compared with ₹320.82 crore a year earlier. Tata Teleservices (Maharashtra) Limited reported revenue growth of 8.2% to ₹309.65 crore on October 22, while its shares climbed 9.26% in early-afternoon trading.
Key Takeaways
- The September-quarter loss narrowed substantially, but TTML remained unprofitable.
- Finance costs exceeded quarterly EBITDA despite an improvement in operating earnings.
- The results-day share rally followed a roughly 37% decline over the preceding year.
Table of Contents
- TTML results improve, but finance costs remain a burden
- Shares rally during trading, not a confirmed closing gain
- Board and compliance appointments carry separate effective dates
- Conclusion
TTML results improve, but finance costs remain a burden
Higher revenue and EBITDA marked an improvement in the September quarter, but financing expenses continued to weigh on the bottom line. Quarterly finance costs exceeded EBITDA by ₹26.88 crore, underscoring the gap between stronger operating earnings and net profitability.
The first-half figures also showed a narrower loss alongside higher revenue. That extends the improvement beyond a single quarter, although neither reporting period produced a net profit.
TTML’s financial-results archive provides a central location for its periodic financial disclosures.
| Item | Details |
|---|---|
| Quarterly EBITDA | ₹164.61 crore, compared with ₹139.77 crore a year earlier. |
| Quarterly finance costs | ₹191.49 crore for the quarter ended September 30, 2026. |
| First-half net loss | ₹131.35 crore, compared with ₹645.80 crore a year earlier. |
| First-half revenue | ₹611.22 crore, compared with ₹570.38 crore a year earlier. |
Shares rally during trading, not a confirmed closing gain
TTML traded at ₹35.03 on the National Stock Exchange by early afternoon on October 22, up 9.26%, with more than 9.16 crore shares changing hands. Those figures describe an intraday snapshot rather than the final closing price or full-session volume.
The advance coincided with the results announcement, but it did not erase the stock’s longer-term decline. Shares were still down roughly 37% over the preceding year and remained below the 52-week high of ₹58.25 recorded in November 2025.
Board and compliance appointments carry separate effective dates
Gaurav Gupta, a Tata Sons Group Strategy Office executive with two decades of M&A and finance experience, was appointed Additional Director, Non-Executive and Non-Independent, effective October 23, 2026, subject to shareholder approval.
Sweety Mamodia was named Company Secretary and Compliance Officer effective November 1, 2026. Sai Pratyush, Vice-President of Strategy, and Vaibhav Ambradkar, General Manager of Customer Experience, were designated Senior Management Personnel effective October 22.
Conclusion
TTML results showed meaningful loss reduction, but finance costs remained a substantial obstacle to profitability. The next dated management change announced alongside the figures is Mamodia’s appointment taking effect on November 1; Gupta’s board appointment remains subject to shareholder approval.
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