Tata Teleservices (Maharashtra) (532371) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 revenue from operations was Rs. 309.65 crore; net loss was Rs. 59.20 crore, versus Rs. 320.82 crore in Q2 FY26.

• H1 FY27 revenue was Rs. 611.22 crore and net loss Rs. 131.35 crore, compared with Rs. 570.38 crore revenue and Rs. 645.80 crore loss in H1 FY26.

• Auditors issued an unmodified opinion; results use the going-concern basis, supported by an ultimate holding company commitment to address liquidity shortfalls for 12 months from the balance-sheet date.

Financial highlights

• Q2 FY27 EBITDA was Rs. 164.61 crore, versus Rs. 139.77 crore in Q2 FY26; H1 FY27 EBITDA was Rs. 329.51 crore, versus Rs. 286.58 crore.

• Q2 finance costs were Rs. 191.49 crore, versus Rs. 424.99 crore in Q2 FY26; H1 costs were Rs. 397.58 crore, versus Rs. 857.88 crore.

• Q2 basic and diluted loss per share was Rs. 0.30; H1 loss per share was Rs. 0.67, versus Rs. 3.30 in H1 FY26.

• H1 net cash generated from operating activities was Rs. 343.73 crore, compared with Rs. 347.02 crore in H1 FY26.

Outlook and guidance

• Management expressed confidence in meeting funding requirements and continuing operations, relying on the ultimate holding company’s support for liquidity needs over the next 12 months.