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Telecom Services: Q1 FY27 results (April-June 2026)
13 companies have declared Telecom Services Q1 FY27 results so far, the latest on 22 Aug 2026.
Across the 13 non-financial companies with a year-ago quarter to compare, sales grew +15.3% year on year, and the combined operating margin widened 105 bps to 50.5%.
69% of companies grew net profit; 29% beat their own profit trend and 43% fell short of it.
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Latest Telecom Services Q1 FY27 results 13
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M Cap ₹235 Cr
P/E —
PEG —
Since results +8.7%
Operating margin expanded 2944 bps YoY All of pre-tax profit came from other income or one-off items Exceptional items of ₹468 Cr in the quarter
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-10.8% -8.6%
74.0 81.0 83.0 Operating profit
from loss from loss 20.0 -105 -2.0 OPM %
+2944 bps +15666 bps
27.0% -129.6% -2.4% Other income
from loss from loss 8.0 -2,957 -2,518 Net profit
loss narrowed loss narrowed -809 -3,097 -2,560 PAT margin %
+199109 bps +273021 bps
-1093.2% -3823.5% -3084.3% EPS (₹)
loss narrowed loss narrowed -2.95 -11.20 -9.26
Quality of profit
Pre-tax profit ₹459 Cr: core business −₹17.0 Cr, other income ₹8.0 Cr, exceptional & other items ₹468 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations −₹14.0 Cr.
Borrowings ₹47,212 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹74.1 ₹74.0
-0.2% in line
AI read of the filing RCOM Q1 FY27: Net loss at Rs 809 Cr; Rs 1,134 Cr interest unprovided under ongoing CIRP Negative Consolidated revenue stood at Rs 74 Cr with a reported net loss of Rs 809 Cr for Q1 FY27. Recognized Rs 1,630 Cr gain on liability settlement linked to recoveries under the RITL resolution plan. Unprovided interest on borrowings of Rs 1,134 Cr for the quarter was not recognized due to ongoing CIRP. Full analysis →
M Cap ₹12.0 Cr
P/E —
PEG —
Since results -5.5%
Operating margin expanded 115 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-1.4% -31.3%
8.4 12.2 8.5 Operating profit
+26.1% from loss 0.4 -0.4 0.3 OPM %
+115 bps +865 bps
5.3% -3.4% 4.1% Other income
-90.0% from loss 0.0 -0.1 0.0 Net profit
+573.5% from loss 0.1 -0.8 0.0 PAT margin %
+138 bps +786 bps
1.6% -6.2% 0.2% EPS (₹)
+550.0% from loss 0.13 -0.71 0.02
Quality of profit
Pre-tax profit ₹0.1 Cr: core business ₹0.1 Cr, other income ₹0.0 Cr.
Core profit YoY: +181.8%
· reported profit +573.5%
Cash & debt
FY26 cash from operations ₹1.0 Cr.
Borrowings ₹5.3 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹11.6 ₹8.4
-27.6% below
AI read of the filing Uniinfo Reports Q1 FY27 Net Profit of ₹13.47 Lakhs; Revenue Declines 31% QoQ to ₹8.36 Cr Positive Reported a Net Profit of ₹13.47 lakhs in Q1 FY27, swinging from a ₹75.51 lakh loss in Q4 FY26. Revenue from operations declined 31.3% QoQ to ₹8.36 crore from ₹12.17 crore. Total expenses were reduced by 36% sequentially, falling from ₹12.91 crore to ₹8.25 crore. Full analysis →
M Cap ₹1,443 Cr
P/E —
PEG —
Since results -15.0%
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+319.8% -41.5%
217 371 51.7 Net profit
loss narrowed loss widened -842 -307 -941 PAT margin %
+143320 bps -30563 bps
-388.4% -82.7% -1821.6% EPS (₹)
loss narrowed loss widened -13.37 -4.87 -14.94
Cash & debt
FY26 cash from operations ₹176 Cr.
Borrowings ₹35,445 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹58.1 ₹217
+273.1% above
AI read of the filing MTNL Reports ₹841 Cr Q1 Loss; Discloses ₹3,897 Cr Loan Default Negative Standalone net loss narrowed to ₹841.07 Cr in Q1 FY27 compared to ₹941.03 Cr in Q1 FY26. Total financial indebtedness reached ₹37,223 Cr, including ₹24,071 Cr in Sovereign Guaranteed Bonds. Disclosed a default of ₹3,897 Cr on bank facilities, comprising ₹2,196 Cr in principal and ₹1,701 Cr in interest. Full analysis →
M Cap ₹1,40,846 Cr
P/E 3.8
PEG 0.63
Since results -1.4%
Operating margin expanded 122 bps YoY Exceptional items of ₹1,611 Cr in the quarter
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+6.0% +3.2%
11,689 11,332 11,022 Operating profit
+9.1% +3.0%
5,034 4,889 4,612 OPM %
+122 bps -8 bps
43.1% 43.1% 41.8% Other income
+37.6% -99.7%
195 57,595 142 Net profit
loss narrowed to loss -3,754 51,970 -6,608 PAT margin %
+2784 bps -49073 bps
-32.1% 458.6% -60.0% EPS (₹)
loss narrowed to loss -0.35 4.80 -0.63
Quality of profit
Pre-tax profit −₹3,747 Cr: core business −₹5,553 Cr, other income ₹195 Cr, exceptional & other items ₹1,611 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹19,411 Cr:
56% of FY26 net profit of ₹34,552 Cr.
Borrowings ₹1,92,528 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹11,314 ₹11,689
+3.3% in line
AI read of the filing Q1 FY27: Net Loss Narrows to ₹3,754 Cr; ARPU Rises 10.2% YoY to ₹195 Positive Net loss reduced by 43.2% YoY to ₹3,754 Cr from ₹6,608 Cr in the previous year. ARPU increased to ₹195 from ₹177 YoY, representing a 10.2% growth, the highest in the industry. Recorded first net subscriber addition since merger, with total base at 193.1 million. Full analysis →
M Cap ₹11,26,140 Cr
P/E 30.9
PEG 0.63
Since results -10.0%
Profit +17% above its own trend
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+18.4% +5.7%
58,539 55,383 49,463 Operating profit
+19.6% +5.8%
33,303 31,492 27,839 OPM %
+61 bps +3 bps
56.9% 56.9% 56.3% Other income
+78.2% from loss 907 -2,198 509 Net profit
+34.9% +8.3%
10,012 9,247 7,422 PAT margin %
+210 bps +41 bps
17.1% 16.7% 15.0% EPS (₹)
+30.4% +11.3%
13.38 12.02 10.26
Quality of profit
Pre-tax profit ₹13,773 Cr: core business ₹13,111 Cr, other income ₹907 Cr, exceptional & other items −₹245 Cr.
Core profit YoY: +32.3%
· reported profit +34.9%
Cash & debt
FY26 cash from operations ₹1,22,230 Cr:
361% of FY26 net profit of ₹33,822 Cr.
Borrowings ₹1,95,412 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹60,678 ₹58,539
-3.5% in line Net profit ₹8,589 ₹10,012
+16.6% above
AI read of the filing Q1 FY27: Bharti Airtel Revenue Rises 18% YoY to ₹58,539 Cr; Net Profit at ₹8,167 Cr Positive Consolidated Revenue for Q1 FY27 stood at ₹58,539.1 cr, up 18.3% from ₹49,462.6 cr in Q1 FY26. Net Profit attributable to owners of the parent rose to ₹8,167.4 cr, a 37.3% increase YoY. Completed a preferential issue of 14.67 cr shares at ₹1,923 per share, totaling ₹28,222.2 cr. Full analysis →
M Cap ₹76,595 Cr
P/E 42.0
PEG 0.89
Since results -6.1%
Operating margin expanded 139 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+10.9% +4.0%
2,510 2,414 2,263 Operating profit
+13.9% +4.4%
1,322 1,267 1,161 OPM %
+139 bps +19 bps
52.7% 52.5% 51.3% Other income
+51.8% +36.0%
72.1 53.0 47.5 Net profit
+23.2% +7.9%
482 447 392 PAT margin %
+192 bps +70 bps
19.2% 18.5% 17.3% EPS (₹)
+23.2% +8.1%
9.65 8.93 7.83
Quality of profit
Pre-tax profit ₹653 Cr: core business ₹581 Cr, other income ₹72.1 Cr.
Core profit YoY: +21.2%
· reported profit +23.2%
Cash & debt
FY26 cash from operations ₹4,464 Cr:
258% of FY26 net profit of ₹1,734 Cr.
Borrowings ₹6,137 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹2,443 ₹2,510
+2.7% in line Net profit ₹513 ₹482
-5.9% in line
AI read of the filing 23% PAT Growth in Q1 FY27; Bharti Hexacom Reports ₹2,510 Cr Revenue, Up 10.9% YoY Positive Revenue from operations increased 10.9% YoY to ₹2,510 crore from ₹2,263 crore. EBITDA margin expanded by 99 bps YoY to reach 54.8% in Q1 FY27. Net Income (before exceptional items) grew 23% YoY to ₹482 crore. Full analysis →
M Cap ₹14,528 Cr
P/E —
PEG —
Since results +14.0%
Into loss: a profit a year ago Profit -180% below its own trend Operating margin contracted 376 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-14.0% +7.8%
429 398 499 Operating profit
-48.0% -66.7%
24.7 74.0 47.4 OPM %
-376 bps -1286 bps
5.8% 18.6% 9.5% Other income
-88.6% -82.7%
8.8 50.7 77.1 Net profit
to loss to loss -82.5 55.7 51.3 PAT margin %
-2953 bps -3324 bps
-19.2% 14.0% 10.3% EPS (₹)
to loss to loss -2.16 1.27 7.73
Quality of profit
Pre-tax profit −₹80.2 Cr: core business −₹26.6 Cr, other income ₹8.8 Cr, exceptional & other items −₹62.4 Cr.
Core profit YoY: loss widened
Cash & debt
FY26 cash from operations ₹149 Cr:
182% of FY26 net profit of ₹82.0 Cr.
Borrowings ₹215 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹602 ₹429
-28.8% below Net profit ₹103 −₹82.5
-180.3% below
AI read of the filing Nazara Appoints New CEO, Receives ₹17.55 Cr from Warrants, and Revises M&A Terms Watch Appointment of Raymond Albaladejo Stauffer as CEO effective September 01, 2026. ₹17.55 Cr received from Founders Collective Fund for conversion of 9,00,000 warrants at ₹260 per share. Investment of up to ₹9.9 Cr in Funky Monkeys Play Center to increase stake to ~68.1%. Full analysis →
M Cap ₹7,964 Cr
P/E 23.0
PEG 0.96
Since results -14.9%
Profit -13% below its own trend Exceptional items of ₹-7.0 Cr in the quarter
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+20.1% -46.5%
893 1,669 744 Operating profit
+13.4% -43.5%
132 233 116 OPM %
-86 bps +77 bps
14.7% 14.0% 15.6% Other income
-9.3% +104.1%
16.3 8.0 18.0 Net profit
-0.3% -53.7%
65.8 142 66.0 PAT margin %
-151 bps -114 bps
7.4% 8.5% 8.9% EPS (₹)
-0.5% -53.6%
2.05 4.42 2.06
Quality of profit
Pre-tax profit ₹89.4 Cr: core business ₹80.1 Cr, other income ₹16.3 Cr, exceptional & other items −₹7.0 Cr.
Core profit YoY: +12.9%
· reported profit -0.3%
Cash & debt
FY26 cash from operations ₹316 Cr:
91% of FY26 net profit of ₹346 Cr.
Borrowings ₹64.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹917 ₹893
-2.6% in line Net profit ₹75.7 ₹65.8
-13.1% below
AI read of the filing RailTel Q1 Revenue Grows 20% YoY to ₹893 Cr; PAT Stagnant at ₹66 Cr Neutral Revenue from operations increased to ₹893.27 Cr from ₹743.81 Cr in Q1 FY26. Project Work Services revenue grew 30.2% YoY to ₹532.46 Cr, now representing 59.6% of total revenue. Telecom Services segment profit (PBIT) stood at ₹69.36 Cr on revenue of ₹360.81 Cr. Full analysis →
M Cap ₹47,230 Cr
P/E 50.5
PEG —
Since results -10.0%
Exceptional items of ₹-106 Cr in the quarter Core business grew faster than reported profit (core profit +3%)
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+10.5% +0.4%
6,583 6,554 5,960 Operating profit
+8.2% -4.2%
1,230 1,284 1,137 OPM %
-39 bps -90 bps
18.7% 19.6% 19.1% Other income
-24.3% -79.5%
12.9 63.0 17.1 Net profit
-31.8% -49.9%
130 259 190 PAT margin %
-122 bps -198 bps
2.0% 4.0% 3.2%
Quality of profit
Pre-tax profit ₹211 Cr: core business ₹305 Cr, other income ₹12.9 Cr, exceptional & other items −₹106 Cr.
Core profit YoY: +3.5%
· reported profit -31.8%
Cash & debt
FY26 cash from operations ₹4,479 Cr:
449% of FY26 net profit of ₹997 Cr.
Borrowings ₹12,249 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹6,333 ₹6,583
+3.9% in line Net profit ₹131 ₹130
-0.9% in line
AI read of the filing ₹134 Cr PAT in Q1 FY27; Revenue grows 10.4% YoY to ₹6,583 Cr amid exceptional losses Negative Consolidated revenue reached ₹6,582.82 Cr, a 10.4% increase compared to ₹5,959.85 Cr in Q1 FY26. Net profit attributable to equity holders declined 29.3% YoY to ₹134.23 Cr from ₹189.98 Cr. Exceptional items resulted in a net loss of ₹106.36 Cr, including a ₹30.10 Cr provision for fire-related damages. Full analysis →
M Cap ₹1,947 Cr
P/E 504.5
PEG —
Since results -1.1%
Profit +160% above its own trend 38% of pre-tax profit came from other income and one-off items Exceptional items of ₹1.1 Cr in the quarter
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+7.0% +1.1%
80.0 79.2 74.8 Operating profit
+7.5% +52.1%
8.3 5.5 7.7 OPM %
+5 bps +349 bps
10.4% 6.9% 10.3% Other income
-81.6% -92.7%
0.1 1.9 0.8 Net profit
+30.0% +114.7%
2.3 1.1 1.8 PAT margin %
+52 bps +155 bps
2.9% 1.4% 2.4% EPS (₹)
+29.1% +112.5%
1.02 0.48 0.79
Quality of profit
Pre-tax profit ₹3.1 Cr: core business ₹1.9 Cr, other income ₹0.1 Cr, exceptional & other items ₹1.1 Cr.
Core profit YoY: +17.7%
· reported profit +30.0%
Cash & debt
FY26 cash from operations ₹15.0 Cr:
452% of FY26 net profit of ₹3.3 Cr.
Borrowings ₹73.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹74.0 ₹80.0
+8.1% above Net profit ₹0.9 ₹2.3
+160.0% above
AI read of the filing NELCO Q1 Net Profit Rises 30% YoY to ₹2.34 Cr; Revenue Up 7% to ₹80.03 Cr Positive Revenue from operations grew 7% YoY to ₹80.03 Cr from ₹74.79 Cr. Net profit increased 30% YoY to ₹2.34 Cr, supported by a ₹1.06 Cr exceptional item reversal. Operating profit before finance costs and depreciation rose to ₹8.46 Cr from ₹8.31 Cr YoY. Full analysis →
M Cap ₹1,726 Cr
P/E 22.8
PEG 2.53
Since results -12.8%
Profit -32% below its own trend Operating margin contracted 317 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+6.5% +3.5%
565 546 530 Operating profit
-13.9% +6.2%
75.4 71.0 87.6 OPM %
-317 bps +34 bps
13.3% 13.0% 16.5% Other income
-14.3% +61.6%
32.3 20.0 37.7 Net profit
-20.9% +123.3%
24.6 11.0 31.0 PAT margin %
-150 bps +233 bps
4.3% 2.0% 5.8% EPS (₹)
-22.2% +133.3%
0.14 0.06 0.18
Quality of profit
Pre-tax profit ₹32.6 Cr: core business −₹0.2 Cr, other income ₹32.3 Cr.
Core profit YoY: to loss
· reported profit -20.9%
Cash & debt
FY26 cash from operations ₹199 Cr:
242% of FY26 net profit of ₹82.3 Cr.
Borrowings ₹9.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹559 ₹565
+1.2% in line Net profit ₹36.0 ₹24.6
-31.8% below
AI read of the filing Hathway Q1 PAT Falls 21% YoY to ₹24.56 Cr; Revenue Up 6.5% to ₹565.10 Cr Watch Revenue from operations increased 6.5% YoY to ₹565.10 Cr from ₹530.50 Cr. Net Profit declined to ₹24.56 Cr from ₹31.03 Cr in the same quarter last year. Pay Channel costs rose significantly to ₹319.46 Cr, representing 56.5% of total revenue. Full analysis →
M Cap ₹6,430 Cr
P/E 169.2
PEG 24.17
Operating margin expanded 288 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+6.3% +2.0%
302 296 284 Operating profit
+12.2% +1.2%
165 163 147 OPM %
+288 bps -43 bps
54.6% 55.1% 51.8% Other income
from loss -99.7%
2.0 665 -2.0 Net profit
loss narrowed to loss -72.0 581 -325 PAT margin %
+9060 bps -22012 bps
-23.8% 196.3% -114.4% EPS (₹)
loss narrowed to loss -0.37 2.97 -1.66
Quality of profit
Pre-tax profit −₹72.0 Cr: core business −₹74.0 Cr, other income ₹2.0 Cr.
Core profit YoY: loss narrowed
Cash & debt
FY26 cash from operations ₹668 Cr.
Borrowings ₹20,869 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹250 ₹302
+20.9% above
Operating margin expanded 234 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-7.3% -13.3%
176 203 190 Operating profit
+91.4% +58.1%
8.0 5.1 4.2 OPM %
+234 bps +205 bps
4.5% 2.5% 2.2% Other income
-75.4% -40.5%
1.0 1.7 4.1 Net profit
loss narrowed loss narrowed -22.0 -46.9 -22.4 PAT margin %
-70 bps +1059 bps
-12.5% -23.1% -11.8% EPS (₹)
loss narrowed loss narrowed -0.45 -0.96 -0.46
Quality of profit
Pre-tax profit −₹27.0 Cr: core business −₹29.0 Cr, other income ₹1.0 Cr, exceptional & other items ₹1.0 Cr.
Core profit YoY: loss narrowed
Standouts so far
Among companies with a market cap of ₹1,000 Cr or more, so a tiny base does not top the list. Price reaction: last close against the close before the filing.
Reporting in the next three days
HCL Technologies (Mon 12 Oct), ICICI Prudential (Mon 12 Oct), RBL Bank (Mon 12 Oct), Swan Defence (Mon 12 Oct), Gujarat State (Mon 12 Oct), Swaraj Engines (Mon 12 Oct), Plastiblends India (Mon 12 Oct), UMIYA BUILDCON (Mon 12 Oct), Alkali Metals (Mon 12 Oct), Gradiente Infotainment (Mon 12 Oct), Agri-Tech (India) (Mon 12 Oct), Abhishek Integrations (Mon 12 Oct), Rudra Ecovation (Mon 12 Oct), Newtrac Foods (Mon 12 Oct), Inani Securities (Mon 12 Oct), Neil Industries (Mon 12 Oct), Adroit Industries (Mon 12 Oct), TYPHOON (Mon 12 Oct), UNIVARTS (Mon 12 Oct), VERONICAPRO (Mon 12 Oct), ICICI Prudential (Tue 13 Oct), Tata Elxsi (Tue 13 Oct), Transformers And Rectifiers (Tue 13 Oct), Anand Rathi (Tue 13 Oct) and 87 more.
Full results calendar →
How to read this page
The numbers. Each card is one company's Q1 FY27 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, cash-flow statements with the March results.
Price since results. The latest close against the last close before the filing (a filing after 3:30 pm
counts from the next session). It is a fact about the market's reaction, not advice.
Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150
(SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 12 Oct 2026, 12:14 IST
