Tata Teleservices (Maharashtra) led the rally, surging 14%, while Mahanagar Telephone Nigam jumped 12%. Vodafone Idea, heavily impacted by the AGR issue, saw its shares climb 9.32%. Indus Tower and Bharti Airtel also registered gains, with increases of 3.55% and 1%, respectively. The reported that the government is exploring a proposal to waive 50% of the interest accrued on AGR dues and 100% of penalties and interest on those penalties. This move aims to provide relief to the beleaguered telecom sector, particularly companies like Vodafone Idea, which have been grappling with a significant debt burden. ' The AGR issue stems from a 2019 Supreme Court ruling that upheld the government's definition of AGR, leading to the imposition of Rs 1.47 lakh crore in dues on telecom operators, including substantial interest and penalties. This financial burden has severely impacted the sector's viability. Reports indicate that the government is working towards announcing this relief measure in the upcoming Union Budget (2025-26). Vodafone Idea, facing the imminent start of AGR repayments in the current fiscal year, has been actively engaging with the government on this matter. Powered by Capital Market - Live

Mahanagar Telephone Nigam will hold a meeting of the Board of Directors of the Company on 14 February 2025.Powered by Capital Market - Live

The scheme, designed to reduce employee costs and streamline operations, will be offered to employees aged 45 years and above. The VRS will be based on the Gujarat Model, with a reduced ceiling for ex-gratia payments. The company aims to make the organization more efficient by reducing its workforce through this voluntary measure. Mahanagar Telephone Nigam is engaged in providing telecom services in the geographical area of Mumbai and Delhi. As on September 2024, Government of India held 56.25% in the company. MTNL's consolidated net loss increased to Rs 890.28 crore in Q2 FY25 from net loss of Rs 792.82 crore posted in Q2 FY24. Revenue from operations declined 11.93% YoY to Rs 174.23 crore in the quarter ended 30 September 2024. Powered by Capital Market - Live

The board of directors of Mahanagar Telephone Nigam on 23 December 2024 has approved the proposal of reduction in employee cost of the company by offering voluntary retirement scheme (VRS) substantially on Gujarat model (with reduced ceiling of Ex-Gratia) to the employees (both executives and non-executives) of age 45 years and above, so as to make the organization lean and also reduce the staff costs. Powered by Capital Market - Live

Mahanagar Telephone Nigam has redeemed 22689 nos. 8.29% unsecured Govt of India guaranteed redeemable non-convertible bonds in nature of debentures having face value of Rs 10 lakh each on 28 November 2024. Powered by Capital Market - Live

Mahanagar Telephone Nigam Ltd gained 6.45% today to trade at Rs 50.36. The BSE Telecommunication index is up 1.74% to quote at 2890.92. The index is up 1.34 % over last one month. Among the other constituents of the index, Tata Teleservices (Maharashtra) Ltd increased 4.34% and Indus Towers Ltd added 4% on the day. The BSE Telecommunication index went up 36.93 % over last one year compared to the 21.77% surge in benchmark SENSEX. Mahanagar Telephone Nigam Ltd has added 7.35% over last one month compared to 1.34% gain in BSE Telecommunication index and 1.17% rise in the SENSEX. On the BSE, 2.59 lakh shares were traded in the counter so far compared with average daily volumes of 4.56 lakh shares in the past one month. The stock hit a record high of Rs 101.88 on 29 Jul 2024. The stock hit a 52-week low of Rs 27.48 on 28 Nov 2023.Powered by Capital Market - Live

Revenue from operations declined 11.93% YoY to Rs 174.23 crore in the quarter ended 30 September 2024. Total expenses jumped 4.44% YoY to Rs 1,217.56 crore in September 2024 quarter. License fees and spectrum charges stood at Rs 17.16 crore (down 10.62% YoY) while employee benefit expense was at Rs 145.96 crore (down 1.44% YoY) and finance cost stood at Rs 769.48 crore (up 15.69% YoY) during the period under review. On the margins front, the company reported negative operating margin of 156.75% in Q2 FY25 as compared with negative 152.55% recorded in Q2 FY24. The PSU firm also reported a negative net profit margin of 510.99% in Q2 FY25 as against negative 400.77% registered in similar quarter previous fiscal. Mahanagar Telephone Nigam is engaged in providing telecom services in the geographical area of Mumbai and Delhi. As on September 2024, Government of India held 56.25% in the company. Powered by Capital Market - Live

Net Loss of Mahanagar Telephone Nigam reported to Rs 890.28 crore in the quarter ended September 2024 as against net loss of Rs 792.82 crore during the previous quarter ended September 2023. Sales declined 11.93% to Rs 174.23 crore in the quarter ended September 2024 as against Rs 197.83 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales174.23197.83 -12 OPM %-68.47-67.09 - PBDT-735.72-622.73 -18 PBT-890.28-792.82 -12 NP-890.28-792.82 -12 Powered by Capital Market - Live

Mahanagar Telephone Nigam has informed that Shri Sarv Daman Bharat, Ms. Deepika Mahajan, Shri Yogesh Kumar Tamrakar, and Shri Vishwas Pathak, Independent Directors of the Company w.e.f. 1 November 2024.Powered by Capital Market - Live

Mahanagar Telephone Nigam will hold a meeting of the Board of Directors of the Company on 14 November 2024.Powered by Capital Market - Live