M T N L Share Price ₹23.8

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of M T N L

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	219	199	198	192	209	184	267	261	275	159	190	211	371
Expenses +	345	354	331	318	284	295	294	298	292	251	298	238	311
Operating Profit	-126	-154	-133	-126	-75	-111	-27	-37	-16	-92	-108	-28	60
OPM %	-57%	-77%	-67%	-65%	-36%	-60%	-10%	-14%	-6%	-58%	-57%	-13%	16%
Other Income +	199	113	175	144	145	199	61	78	55	48	32	21	511
Interest	641	645	665	691	689	705	769	728	716	754	742	749	738
Depreciation	181	166	170	166	164	156	155	150	151	145	142	142	139
Profit before tax	-749	-852	-793	-839	-784	-773	-890	-836	-828	-943	-960	-897	-307
Tax %	-0%	0%	0%	0%	-0%	0%	0%	0%	-0%	0%	0%	0%	0%
Net Profit +	-749	-852	-793	-839	-784	-773	-890	-836	-828	-943	-960	-897	-307
EPS in Rs	-11.88	-13.52	-12.58	-13.32	-12.44	-12.28	-14.13	-13.27	-13.14	-14.97	-15.24	-14.24	-4.87

Financials of M T N L

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	3,494	3,223	2,969	2,472	2,085	1,624	1,388	1,149	935	799	698	956
Expenses +	4,237	4,013	4,027	3,617	3,386	3,070	1,313	1,453	1,369	1,280	1,168	1,098
Operating Profit	-743	-790	-1,058	-1,145	-1,300	-1,447	75	-304	-434	-482	-470	-142
OPM %	-21%	-24%	-36%	-46%	-62%	-89%	5%	-26%	-46%	-60%	-67%	-15%
Other Income +	443	882	680	734	619	691	476	623	612	575	682	586
Interest	1,440	1,351	1,448	1,505	1,703	1,951	2,117	2,147	2,364	2,694	2,928	2,983
Depreciation	1,158	1,178	1,113	1,054	1,002	986	893	772	730	666	612	568
Profit before tax	-2,898	-2,437	-2,940	-2,970	-3,387	-3,693	-2,459	-2,600	-2,916	-3,268	-3,328	-3,107
Tax %	0%	-20%	-0%	0%	0%	0%	0%	0%	-0%	-0%	-0%	0%
Net Profit +	-2,901	-1,946	-2,936	-2,971	-3,388	-3,694	-2,461	-2,603	-2,915	-3,268	-3,328	-3,107
EPS in Rs	-46.05	-30.89	-46.60	-47.16	-53.78	-58.63	-39.07	-41.32	-46.27	-51.87	-52.82	-49.32
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	-0%	0%	0%	0%	0%

Financials of M T N L

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	630	630	630	630	630	630	630	630	630	630	630	630
Reserves	1,429	-1,035	-4,004	-6,962	-10,358	-14,212	-16,675	-19,298	-21,485	-24,274	-27,549	-30,590
Borrowings +	16,608	13,441	15,201	17,019	19,737	23,291	25,600	26,820	28,351	30,141	32,441	35,445
Other Liabilities +	8,271	5,639	5,882	5,611	4,711	6,997	3,844	4,191	4,176	4,248	4,731	4,591
Total Liabilities	26,938	18,675	17,709	16,298	14,720	16,706	13,400	12,342	11,672	10,745	10,253	10,076
Fixed Assets +	10,570	9,575	8,759	8,164	7,466	6,889	6,253	5,618	4,967	4,333	3,808	3,138
CWIP	134	137	291	331	320	328	184	74	59	86	32	13
Investments	40	43	4	4	4	4	3	3	3	4	4	5
Other Assets +	16,194	8,920	8,654	7,799	6,930	9,486	6,960	6,647	6,642	6,323	6,409	6,921
Total Assets	26,938	18,675	17,709	16,298	14,720	16,706	13,400	12,342	11,672	10,745	10,253	10,076

Financials of M T N L

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-1,167	1,078	-1,024	155	-733	-1,206	-225	704	64	130	340	176
Cash from Investing Activity +	-107	-37	-30	-492	-297	-43	-259	204	-174	107	-29	-201
Cash from Financing Activity +	1,110	-957	984	345	1,044	1,326	414	-936	177	-319	-215	-19
Net Cash Flow	-164	85	-71	7	14	77	-70	-28	67	-81	96	-43
Free Cash Flow	-1,295	779	-1,441	-357	-1,043	-1,348	-324	691	20	57	304	570
CFO/OP	106%	-78%	113%	-19%	56%	84%	-553%	-248%	-18%	-32%	-51%	-119%

Financials of M T N L

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	31	56	60	63	107	141	203	213	229	234	293	126
Inventory Days
Days Payable
Cash Conversion Cycle	31	56	60	63	107	141	203	213	229	234	293	126
Working Capital Days	-835	-906	-707	-613	-1,038	-1,930	-1,218	-2,518	-2,681	-1,995	-4,097	-4,325
ROCE %	-8%	-7%	-12%	-13%	-16%	-18%	-3%	-5%	-7%	-8%	-7%	-2%

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M T N L Share Price & Earnings Call Analysis