MTNL reports ₹3,101.50 crore net loss in FY 2025-26 despite positive EBITDA

The government responded with a statement outlining the measures taken and providing year-wise financial figures.

Asked and answered by: Asked by Shri Arvind Ganpat Sawant; Answered by the Minister of Communications and Development of North Eastern Region (Shri Jyotiraditya M. Scindia).

What the government said

• Restructuring of high-cost debt via Sovereign Guarantee Bonds (SGB) of Rs. 24,071 crore.
• Budgetary support of Rs. 4,327 crore for the Voluntary Retirement Scheme (VRS).
• Financial support of Rs. 3,657.05 crore for servicing SGB interest payments.
• Transfer of operational activities to BSNL via a service agreement.
• Monetisation of MTNL assets to pay liabilities.
• MTNL has remained EBITDA-positive since FY 2020-21.
• EBITDA improved from Rs. 43 crore in FY 2023-24 to Rs. 437 crore in FY 2025-26.
• Total liabilities stood at Rs. 40,008.52 crore in FY 2025-26.
• MTNL holds approximately Rs. 50,000 crore in non-core assets (market value).
• The government stated it is not considering any new restructuring plan in the near future.

Also in the document

• The answer explicitly states 'No, sir' to the question regarding new restructuring plans.
• The financial table shows a net loss of Rs. 3,101.50 crore in FY 2025-26 despite positive EBITDA.
• The answer notes that MTNL's total liabilities (approx. Rs. 40,000 crore) are lower than its non-core asset value (approx. Rs. 50,000 crore).