Tata Teleservices (Maharashtra) LimitedQ2 FY27 Results & Financial Update

Tata Teleservices (Maharashtra) Limited: Q2 FY27 standalone results and company financials – revenue ₹309.65 Cr, PAT ₹-59.20 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: TTMLPublished 22 Oct 2026Updated 22 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹309.65 CrReported Q2 FY27
Profit after tax₹-59.20 CrReported Q2 FY27
Sequential change+17.9%Quarter-on-quarter

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Quarterly Results AnalysisExplore Tata Teleservices (Maharashtra) Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Tata Teleservices (Maharashtra) Limited reported standalone revenue from operations of INR 309.65 crore for the quarter ended September 30, 2026, registering a sequential increase of 2.68% compared to INR 301.57 crore in the preceding quarter ended June 30, 2026.

02

Total income for Q2 FY27 stood at INR 311.38 crore, advancing from INR 303.90 crore in Q1 FY27, supported by INR 1.73 crore of other income alongside INR 2.23 crore of interest income.

03

The company sustained a net loss of INR 59.20 crore for the quarter, reflecting a narrower loss compared to the net loss of INR 72.15 crore recorded in the previous quarter.

04

Loss before tax (PBT) matched the bottom-line figure at INR -59.20 crore, improving sequentially from INR -72.15 crore in Q1 FY27.

05

Basic and diluted earnings per share (EPS) for the quarter stood at INR -0.30, compared to INR -0.37 in the June 2026 quarter.

06

Heavy financing obligations continued to exert pressure on profitability, with finance costs reported at INR 191.49 crore for the quarter, alongside depreciation and amortisation charges of INR 33.65 crore.

07

The company recorded zero tax expense for the period, maintaining parity with the preceding quarter.

01 · Business model

What does Tata Teleservices (Maharashtra) do?

Tata Teleservices (Maharashtra) Limited operates as a telecommunications service provider, focusing predominantly on enterprise customers with a suite of digital connectivity, cloud, collaboration, and security solutions.

The company generates its primary operating revenue from data services, enterprise-grade connectivity, and specialized enterprise telecom solutions tailored for businesses, SMEs, and corporate clients.

Its economic model relies on capturing recurring enterprise connectivity spending, while navigating a highly leveraged balance sheet with substantial ongoing financing costs.

02 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹309.65 Cr₹301.57 Cr
Total income₹311.38 Cr₹303.90 Cr
Profit before tax₹-59.20 Cr₹-72.15 Cr
Profit after tax₹-59.20 Cr₹-72.15 Cr
EPS₹-0.30₹-0.37

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented -19.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to -19.1% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹1.73 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Sequential Revenue Growth

Standalone revenue from operations rose to INR 309.65 crore in Q2 FY27, up 2.68% from INR 301.57 crore in Q1 FY27.

Total Income Composition

Total income reached INR 311.38 crore, which includes INR 1.73 crore in other income and INR 2.23 crore in interest income.

What drove margins

Finance Cost Burden

Finance costs remained elevated at INR 191.49 crore during the quarter, representing the single largest expense line item impacting the bottom line.

Depreciation and Provisions

Depreciation and amortisation expenses stood at INR 33.65 crore, while provisions for the quarter were reported at INR 124.88 crore.

04 · Reported developments

What changed operationally

Sequential Loss Reduction

The net loss narrowed to INR 59.20 crore in Q2 FY27 from INR 72.15 crore in Q1 FY27, accompanied by an improvement in operating revenue.

05 · Pressure points & risks

What is not going smoothly

Continued Net Losses

The company continues to post negative bottom-line figures, driven primarily by substantial ongoing finance costs.

06 · Items worth noticing

The line items that can distort a quick read

Provisions

The company recorded provisions of INR 124.88 crore during the quarter.

07 · Previous-quarter changes

What changed since the previous quarter

QoQ Revenue and Loss Trajectory

Revenue increased from INR 301.57 crore in Q1 FY27 to INR 309.65 crore in Q2 FY27, while the net loss narrowed from INR 72.15 crore to INR 59.20 crore over the same period.

08 · Key Q&A

The quarter, answered directly

What does Tata Teleservices (Maharashtra) do?

Tata Teleservices (Maharashtra) Limited operates as a telecommunications service provider, focusing predominantly on enterprise customers with a suite of digital connectivity, cloud, collaboration, and security solutions.

What is the clearest takeaway from Q2 FY27?

Tata Teleservices (Maharashtra) Limited reported standalone revenue from operations of INR 309.65 crore for the quarter ended September 30, 2026, registering a sequential increase of 2.68% compared to INR 301.57 crore in the preceding quarter ended June 30, 2026.

What drove revenue or demand?

Standalone revenue from operations rose to INR 309.65 crore in Q2 FY27, up 2.68% from INR 301.57 crore in Q1 FY27.

What mattered most for margins or profitability?

Finance costs remained elevated at INR 191.49 crore during the quarter, representing the single largest expense line item impacting the bottom line.

What are the main pressure points disclosed for the quarter?

The company continues to post negative bottom-line figures, driven primarily by substantial ongoing finance costs.

What should the next disclosure help confirm?

Monitor future quarterly filings for any material shifts in finance costs (reported at INR 191.49 crore in Q2 FY27) and their ongoing impact on net profitability.

09 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

10 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Finance Cost Trajectory: Monitor future quarterly filings for any material shifts in finance costs (reported at INR 191.49 crore in Q2 FY27) and their ongoing impact on net profitability.

  2. 02

    Topline Momentum: Track whether standalone operational revenue sustains its sequential growth path above the INR 309.65 crore level.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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