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Tata Teleservices (Maharashtra) Q2 FY27 Share Price & Earnings Call Analysis

₹34.55-0.80% today
Market cap
₹6,754 Cr
Price to sales
5.62
Debt to equity
0.00
52W high / low
₹56.0 / ₹31.4
Sales growth (5Y)
2.14%
EBITDA margin
55.60%
Net profit margin
-75.78%
Promoter holding
74.36%
Sales (last year)
₹1,201 Cr

Tata Teleservices Ltd is engaged in the business of Wired and wireless telecommunication activities and holds a Unified License with Access Service Authorisation in Maharashtra and Goa and also as in Internet Service Provider Category The co. is focused on providing various wireline voice, data, and managed telecom services. [1][2]

Potential multibaggers · Q2 FY27

Potential multibaggers in Telecom - Services
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Tata Teleservices (Maharashtra) rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Telecom - Services companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹35,402 Cr40.8
240%+Flat₹3,060 Cr14.0
340%+Flat₹3,015 Cr10.0
420–40%Flat₹12.32L Cr39.5
520–40%Flat₹81,810 Cr44.3
620–40%Flat₹53,174 Cr42.0

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Financials of Tata Teleservices (Maharashtra)

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

Shareholder Pattern

Tata Teleservices (Maharashtra)

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%74.36%
FIIs +2.26%2.46%2.38%2.39%2.34%2.53%2.81%2.64%2.64%2.60%2.52%2.43%
DIIs +0.05%0.06%0.07%0.08%0.09%0.12%0.12%0.13%0.14%0.17%0.18%0.18%
Public +23.33%23.12%23.19%23.16%23.18%22.98%22.70%22.87%22.87%22.87%22.94%23.03%
No. of Shareholders8,08,6188,20,3728,17,12110,18,22310,44,61610,38,03710,38,99310,10,7989,89,8359,61,6149,46,0569,30,674

Financials of Tata Teleservices (Maharashtra)

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +287296323324344333308284286294296302310
Expenses +159157182188205182155138146119132137145
Operating Profit128139141135138150153147140175163165164
OPM %44%47%44%42%40%45%50%52%49%60%55%55%53%
Other Income +2335212-22-266522
Interest403411414423429423419433425288215206191
Depreciation36383941424342373736323334
Profit before tax-310-308-309-323-330-315-306-325-321-150581-72-59
Tax %0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit +-310-308-309-323-330-315-306-325-321-150581-72-59
EPS in Rs-1.59-1.57-1.58-1.65-1.69-1.61-1.57-1.66-1.64-0.772.97-0.37-0.30

Financials of Tata Teleservices (Maharashtra)

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +2,8932,9722,7031,8691,2771,0781,0441,0941,1061,1921,3081,1601,201
Expenses +2,2922,2272,0571,734614656555626614664737543533
Operating Profit601745646135664422489468492527571617668
OPM %21%25%24%7%52%39%47%43%45%44%44%53%56%
Other Income +4540-924-7,875400-2,396-75617111616670666
Interest6516841,2821,5691,5541,5451,5611,5391,5021,6221,6941,361901
Depreciation611460796533178195169160147150168142134
Profit before tax-615-358-2,356-9,842-668-3,714-1,997-1,215-1,145-1,228-1,275-215299
Tax %0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit +-615-358-2,356-9,842-668-3,714-1,997-1,215-1,145-1,228-1,275-215299
EPS in Rs-3.15-1.83-12.05-50.35-3.42-19.00-10.21-6.22-5.86-6.28-6.52-1.101.53
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Financials of Tata Teleservices (Maharashtra)

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital1,9551,9551,9551,9551,9551,9551,9551,9551,9551,9551,9551,9551,955
Reserves-4,923-5,941-7,864-17,114-16,775-19,434-20,446-20,787-21,009-21,208-21,525-21,938-20,888
Borrowings +7,41011,65416,22015,57816,54516,89519,53919,79419,86920,04720,41620,86919,845
Other Liabilities +1,6021,7941,5952,9612,8052,298461403397513458455497
Total Liabilities6,0449,46211,9063,3804,5311,7141,5091,3651,2111,3071,3041,3411,410
Fixed Assets +4,1883,3637,460847718894830779740788798939941
CWIP464,2462,50427263929283459352841
Investments05926803786090701006634582378
Other Assets +1,8091,2601,2632,1293,178781580457369425413351350
Total Assets6,0449,46211,9063,3804,5311,7141,5091,3651,2111,3071,3041,3411,410

Financials of Tata Teleservices (Maharashtra)

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +636766730603-734-360567530558586505668
Cash from Investing Activity +-785-1,183-2,198259-101510-177-130-66-64-109-91
Cash from Financing Activity +1774341,041-860967-237-432-427-494-503-386-604
Net Cash Flow2818-4272132-87-42-26-21810-27
Free Cash Flow-149513-1,401526-861-469457426449482413535
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit114%97%110%417%-110%-80%108%111%110%115%87%110%

Financials of Tata Teleservices (Maharashtra)

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days253631312641274036484030
Inventory Days
Days Payable
Cash Conversion Cycle253631312641274036484030
Working Capital Days-448-679-893-1,775-3,110-4,188-3,370-3,058-3,310-2,239-2,724-5,675
ROCE %1%5%-1%-5%50%42%147%32%40%48%50%56%
11out of 100

Momentum score · price trend

11 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−36.2%15%
Last 6 months−18.8%22%
Last 3 months−13.4%35%

The price is 86.8% below its all-time high of ₹263.2 (7 Jan 2022). Stocks more than 20% below their peak have their score halved, so 22 became 11.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Tata Teleservices (Maharashtra): 0.4 × 15 + 0.4 × 22 + 0.2 × 35 = 22, halved to 11 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Tata Teleservices (Maharashtra)'s management said in earlier quarters

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