Mahanagar Telephone Nigam Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Mahanagar Telephone Nigam Ltd. has announced a board meeting approving the financial results for the quarter and year ended March 31, 2025. Consolidated revenue was Rs. 699.16 Cr, but the company reported a steep net loss of Rs. 3,327.69 Cr, with net worth fully eroded and significant loan defaults. The government’s revival plan is in motion, featuring employee cost cuts, 4G spectrum allocation, a sovereign bond issue (~Rs. 17,751 Cr), and an in-principle merger with BSNL. BSNL has taken over MTNL’s Delhi and Mumbai operations, managing CAPEX/OPEX with an EBITDA-neutral focus. New CFO Anirudh Prasad Singh was appointed, along with cost and secretarial auditors for FY26.