COMPLIANCE OF REGULATION 33 & 52 OF THE SEBI (LODR) REGULATIONS, 2015: SUBMISSION OF AUDITED FINANCIAL STATEMENTS (STANDALONE AND CONSOLIDATED) FOR THE F.Y. ENDED ON 31ST MARCH, 2022.

MTNL	MAHANAGAR TELEPHONE NIGAM LIMITED
	(A GOVERNMENT OF INDIA ENTERPRISE)
	CIN L32 l O l DL l 986GOI02350l

TO,

The Listing Department,

Bombay Stock Exchange (BSE)

National Stock Exchange (NSE)

OTClQ

				&
2015:	I
	31sr
2022.
Dear Sir,
Further to our letter of even no.dtd.			,	we are forwarding herewith the
Audited Financial Statements (Standalone			nd Consolidateq) of MTNL alongwith
following annexures for the Financial Year en			ed on 31 st March, 2022 duly approved by

Hoard of Directors in its 35ou1 Meeting held in l"New Delhi today i.e. 30th May, 2022.

1. Statement of Standalone Audited Financial Results for the Quarter and Twelve months ended on 31.03.2022.

2.	Standalone Audited Segment wise Revenu	Results and Assets & Liabilities for the
Quarter and Twelve months ended on 31.03.20 2.
3.	Standalone Audited Statement of Assets an	Liabilities.

1. Standalone Audited Cash flow Statement fo1 the year ended 31 st March, 2022.
2. Statement on Impact of Audit Qualification (for aud.it report with modified opinion)

(Standalone).

�/______ 0

Mahanogar Doorsonchor Sadan 5th Floor, 9 CGO iomplex, Lodhi Rood, New Delhi - l l O 003. Tel: 0 l l -24319020, Fox: 011 -24324243, Websit : www.mtnl.net.in /www.bol.net.in

MTNL	MAHANAGAR TELEPHONE NIGAM LIMITED
	(A GOVERNMENT OF INDIA ENTERPRISE)
	CIN L32101DL l 986GOI023501

1. Independent Auditors Report on Standalone Audited Financial Results for the Quarter and Twelve months ended on 31.03.2022.
2. Statement of Consolidated Audited Financial Results for the Quarter and Twelve months ended on 31.03.2022.
3. Consolidated Audited Segment wise Revenue Results and Assets & Liabilities for the Quarter and Twelve months ended on 31.03.2022.
4. Consolidated Audited Statement of Assets and Liabilities.
   10. Consolidated Audited Cash flow Statement for the year ended 31st March, 2022.

11. Statement on Impact of Audit Qualifications (for audit report with modified opinion) (Consolidated).

12. Independent Auditors Report on Consolidated Audited Financial Results for the Quarter and Twelve months ended on 31.03.2022.

13. Extrc.1ct of Standalone and Consolidated Financial Results for the Quarter and Twelve months ended on 31.03.2022.

Kindly acknowledge receipt of the same and take the same on record.
The results are also being published in newspapers as per the requirement of
Reguk1tion 47 of SEBI (LODR) Regulations, 2015.
Thanking you,	-
Yours faithfully,
�
COMPANY SECRETARY
Encl: A/a

Mahanagar Doorsanchar Sadan 5	1h	Floor, 9	CGO Complex, Lodhi Road, New Delhi - 110	003.
Tel: [phone], Fax: 011	-24324243, Website: www.mtnl.net.in /www.bol.net.in

Annexure I

MAHANAGAR TELEPHONE NIGAM LIMITED

( A Govt. of India Enterprise)

Regd. Office : Mahanagar Doorsanchar Sadan, 5th Floor, 9, CGO Complex, lodhi Road, New Delhi-110003

Website: www.rntnl.net.in, Phone Off: 011-24319020, Fax: [phone]

CIN No: L32l01 Dll986GOl023501

STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND TWELVE MONTHS ENDED ON 31/03/2022

iRs. in Crore)_

							STANDALONE
				Three Month Ended
							Corresponding
SI. No.			3 months			Preceeding 3	3 months ended
Particulars		ended			months ended	31/03/2021 in
			31/03/2022			31/12/2021	the previous
							year
			AUDITED*			UNAUDITED	AUDITED*
I	Reven�e from operations		-			279.06	296.19
	218.95
II	Other Income	-	279.66	t	113.05	155.15
Ill	_Total Income (I +II)		498.61	392.11	451.34
IV	Expenses
	Chang_esin Inventories		0.05			0.05	0.00
	license Fees & Spectrum Charges		15.42			2G.09	20.49
	Ernployees'_Rernuneration and benefits		147.20			137.43	34.28
	Finance cost		538.04			552..36	531.07
	Revenue Sharing		12.44			11.27	29.51
	Depreciation_and amortization expense		183.60			189.20	208.38
	Administrative Expenses		199.94			1.38.89	228.43
V	Total Exr(enses {IV)		1,096.69			1,055.29	1,052.16
Profitsl(Loss) before exce_etioncil items and tax(III-IV)		(598.08),		(663.18)'	(600.82}

Year Ended

Current Year	Previous Year
ended	ended
31/03/2022	31/03/2021
AUDITED	AUDITED
1,069.72	1,303.64

627.1.8 484.77

1,696.90 1,788.41

1. 0.21

1. 118.31

1. 413.03
   2.,139.45 2,107.07

1. 92.67

1. 879.65

1. 639.26
   4,299.49 4,250.20

(2,602.59}

(2,461.79)

VI Exceptiqnal items

VII Profit/ (loss) before tax (V- VI)

VIII Tax expense:

1. Current tax
2. Deferred tax

IX Profit/ (loss) for the period from continuing operations (VII-VIII)

• Profit/ (Loss) from discontinued operations XI Tax expense of discontinued operations
  XII Profit/ (Loss) from Discontinued Operations (after tax) (X
  XI)
  XIII Profit/ (Loss) for the period (IX+ XII}

XIV Other Comprehensive Income

• i) Items that will not be reclassified to profit and loss
• 1. Income tax relating to items that will not be reciassified

to profit or loss

• i) Items that wil� be reclassified to profit or loss
  ii) Income tax relating to items that will be reclass,f,ecl to

	profit or loss
	Other Comprehensive Income for the y_ear
XV	Total Compre�E!nsive Income for the period (Xlll+XIV)
XVI	Paid up Equity Share Capital
XVII	Other Equity excludini: revaluation reserves

XVIII Earnings per equity Share (of Rs.10 each} for continuing operations:(not annualised)

• (1) Basic
  (2) Diluted

XIX Earnings per equity Share of Rs.10 each(for discontinued

-	C
	I
(598.08)
	(663.18)
-
(598.08)	"	(663.18)
-
I
(598.08)		(663.18)
(8.23)

• I

(8.23)	(663-.18)f-
(606.31)

(9.49)	(10.53),
(9.49),	(10.53)	1
I

-	'	-
(600.82)	(2,602.59)	(2,461.79)
-	l	-
-	.	I
(600.82)		(2,602.59)	(2,461.79)
-		-
-			t
-
I	-
{600.82)		(2,602.59)	(2,461.79)
7.55		(13.98)	7.55
-		-
-		-
I
-
7.55		(13.98)	7.55
(593.27)		(2,616.57)	(2,454.24)
		630.00 I	630.00
		(19,286.45)1t	(16,669.88)
(9.54)		(41.31.)	1	(39.08)
(9.54)		(41.31)		(39.08)

• operations):(not annualised)

(1) Basic

-

1. (2) Diluted

2. Earnings per equity Share of Rs.10 each (for discontinued
3. • continuing operations}: (not annualised)

I

-

-

l

-

-

1. Basic
2. Diluted

See accornnanying notes
f"'IO}	p.;,... f-

(/Smk. D<'�eA

(9.49), (9.49) to the financial results: ��c;/4v- Jv...J�_�'tpJ,"'-J Jn

.

{10.53)

(lv.S3)

-Jle

(9.54)

(9.54)

(41.31) (39.08)

(41.31) (39.08)

[[);7e4'� � �

Notes to Standaloni? Financial R1?sults:

• The financial results have been prepared in a<:cordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act 2013 read with Rule 3 of the Companies(Indian Accounting Standards) Rules, 2015 and relevant arnendm,,nt rul,,s thereaft<>r.

• The above results have been reviewed by the Audit Committee in their meeting held on 30.05.2022 and approved by the Board of Directors of the Company at their meeting held on the same date.

3 Additional Disclosures as per Regulation 52 (4) of SEBI(LODR) Regulations 2015
															Three Month Ended			Year Ended
	S.No.		Particulars		31.03.2022		31.12.2021			31.03.2021			31.03.2022		31.03.2021
															AUDITED'		UNAUDITED		AUDITED•			AUDITED	AUDITED
				Debt Service Coverage Ratio(in times)				0.08			0.19			0.08		0.17
	a			[ EBITDA /(Finance Cost • Lease Liabillties Payments• Principal Repayment of Long		0.11
		�n.llebtll
	�Interest Service Coverage Ratio(in tirnes)		0.7.3		0.14			0.26				ll.14	0.25
	b			I EBITOA/Finance Cost 1
	C		Outstanding_Redeemable Preference shares (quantity and value)lin Rs Crs)
				Caoital Redemption Reserve fin Rs Crsl
	e			Debenture Redemption Reserve (In Rs Crs) #				45.7.'7			45.27						45.7.7
	f			Net Worth (In Rs Crsl lAs ner Section 2 (5"11 of Comnanics Ar.I 2013)		(18,656.,15)		(18,049.97)			(16,039.88)		(18,656.45)		(16,039.88)
	r.			Net Profit After Tax Jin Rs Crsl		(598.08)	...			(600.82)		(2,602.59)		(2,461.79)
				.... ..fo63.18)
	h			EarnlnRs Per Share (In Rsl fNot Annualised!		{9.49)			(10.S3)		(9.54)		(41.31)		(39.08)
	I			Current Ratio(In times)					0.45						0.42		0.58
		0.42				0.58
	IICurrent As�ts_LCuHent l.lablltle.1
				Debt-Equity Ratio(In times)			(1A3)	(1.47)			(1.58)		(1.43)		(1.58)
	J		[(Long Term Borrowings induding Current Maturities + St1ort Term Borrowings)
			l1T,..,,,1 S::r.ul•vl
				Long Term Debt to Working Capital(in times)		(4.12)									(4.12)		(6.81)
	k			LongTerm Debt r.xr.luding lease llahllltl['. + Current Maturitle5 of l.ong Term Debt		(4.28)			(6.81)
				Working Capital excluding r.urrent maturities of Long Term Borrowlll!)S
	I			Bad Debts to Account Receivable Ratio(In times)		0.01		0.00			0.00		0.01		0.00
	--!Bad Debts/Avera_geTrade ReceivablesI
	m			Current Llablllty Ratio(in times)							0.43			0.36		0.44		0.36
			ICurrent Llabiltles/ Total Llabiltles 1
				Total Debts to Total Assets(In times)
	II			[ (Long Term Borrowings• Short Term Borrowings+ l.ease Llabllltles) / Total Assets]		2.18		2.15			1.92		2.18		1.92
				Debtors Turnover Ratio" Annual15ed (In times}	1.23		1.40			1.71		1.50
0								1.88
		[ Revenue from OQr.rationsL Average Trade Receivables l
	p			•• Paid up Debt CapitaI/Outstanding Debt (In Rs. Crs)	19,661.18		19,239.35		19,674.68		19,661.18		19,57-1.68
	q			Operating Margin(%)				·155.14%	-80.23%		-75.93%				-l.01.93%		-64.40%
	II{EBIT - Othr.r IncomeI/ Revenue froon Oneratlons 1
	r			Net profit Margin(%)			-273.15%	-237.65%		-202.85%		-243.30%		-188.84%
			I Profit after Ta•/ Revenue from.Operations	I
	···--·
	.

• • The figures of last quarter art: the balancing figures between audited figures in respect of the full f1nancml yf:ar an� the published year to date figures upto the third quarter of the respective financial year.

• # MTNL is a listed company and issued debentures on private placement basis, there is no adequacy to ma1nta1n Debenture Redemption Reserve (ORR) under Rule 18
  (7) (b) (iii) (B) B of Companies (Share Capital and Debenture) Rules, 2014. An amount of Rs 45.27 Crs earmarked for ORR has been transferred to Retained earnings during the year.

6	•• Paidup debt Capital/Outstanding Debt (excludes Short Term Borrnwing & Non Convertable Debentures{NCDs) 1ssl1ed to
	ltability to pay interest and principal 1.s on Government of India) Also, since the NCDs (backed by Sovereign Guar;,ntee) ctre
	maintair1ed.
7	Other income includes an amount of Rs. 77.48 Crs being the interest accumulated and taken after reconciliation of gratuity
	in current year.

the tune of Rs. 4,533.97 Cr for whic:h the unseclired tn nature, ,,o Asset Cover is

and leave encashment trust control accounts

• As there is no other regulatory/legal requirement to maintain Research & Development Reserve at present, an amount of Rs Rs 30.80 Cron?s lying in R&D Reserve has been transferred to Retained Earnings during the year.

• As the principal activities of group company are in the nature of services, so Inventory Turnover ratio is not relevant.

10 The figures for the previous periods have been regrouped wherever necessary to conform to the current peri,1d presentation.

	For and on behalf oft.he Boilrd
		����
Place: New Delhi		(P.K.Purwar)
Chairman & Managing Director
Date : 30.05.2022	DIN: 06619060

®

74.10

538.04

.............JS98.08)

{598.08)

																																							Annexure II
										MAHANAGAR TELEPHONE NIGAM LIMITED
				Regd. Office : Mahanagar Doorsanchar Sadan, 5th Floor, 9, CGO Complex, Lodhi Road, New Delhi-110003
							Website: www.mtnl.net.in, Phone Off: 011-24319020, Fax: 0ll-·24324213
																														QUARTER AND TWELVEMONTH
	STANDALONE AUDITED SEGMENT WISE REVENUE, RESULTS AND ASSETS & LIABILITIES FOR THE			CIN No: L32101DL1986GOl023S01
												ENDED ON 31/03/2022																				(Rs. in Crore)
																											STANDALONE
																		Three Month Ended										Year Ended
	SI. No.					Particulars						ended				ended		Corresponding				Current yt!ar
												31/03/2021						ended		ended
														3 months		Prnce1?ding 3	3 months ,mdud				Previous year
													31/03/2022	31/12/2021				the	previous					0	31/03/2021
																			months								y1?ar	in					31/ 3/2022
														AUDITED•		UNAUDITED				AUDITED*						AUDITED		AUDITED
																		.
1.	Revenue from Operations																					33.93
		Basic & other Services								236.82	253	78										992.63	1,180.79
														262.68
		Cellular													(17.51)			25.60												78.45			124.51
		Unallocable									Total
										.......		219.30			279.38					296.61				1,071.07			1,305.30
		Less: Inter Segment Revenue						0.35	·····-·················-······· ······················-··-·······-·	·············-··············--··-···· .
											0.32						0.43					1.35			1.66
							Net Revenue from Operations	·················	218. 5.			279.	0	6				296.19				1,069.72	1..............	1,303.64
													9	································ ..................

2. Segment Result before interest im:ornt!, exceptional items, finance cost and tax

Basic & other Services		(58.51)	0.08	5.70	(141.38)	98.80
Cellular		(128.72)	(100.89)	(122..26)	(440.46)	(483.93}
Unallocable		(134.14)	(114.14)	{96.52)	(546.53)	{405.54)
Total	53.09	(13.33)	20	04	35.31	(20.41)

Add: Exceptional items

Add: Interest Income

Less: Finance cost

Profit/ (Loss) before tax

Less: Provision for Current Tax & Deferred tax

Profit/ {loss) after tax

3.32	26.77	83.39
552.36	531.07	2,139.45
.............J663.18),........_______......................	(600.82)	(2602.59)i
	.................

		!
{663.18	(600.82)	{2,602.59)

50.82

2,107.07

(2461.791

12,461.79)I

3. Capital Employed

{Segment Assets• Segrmmt Liabilities)

			Segment Asset						3 922 68
			Basic & other Services							6,944.83	7,124.08	6,633.66	7,124.08
								6,633.66
			Cellular											4,103.01	4,365.73	3,922.68	1,860.91
						Total Segment Assets	12,303.64	4,365.73
			Unallocable/Eliminations		12,401.85	13,350.73	12,303.64	13,350.73
								1,747.30		1,354.01	1.860.91	1,747.30
																		2,585.83
			Segment Liabilities						2,688.53		2,707.24	2,585.83	2,688.53
			Basic & other Services
			Cellular								26,070.37		25,583.47	24,081.77	26,070.37	24,081.77
			Unallornble/Eliminations						2,201.19		2,161.12	2,723.02	2,201.19	2,723.02
						Total Segment liabilities	30,960.09	30,451.83	29,390.61	30,960.09	29,390.61
			Segment Capital Employed						3,945.13		4,237.60	4,538.26	3,945.13	4,538.26
			Basic & other Services
			Cellular								(22,147.69)	(807.11)	......... (19.716.04)	(22,147.69)	(19,716.04}
										(21,480.47)
			Unallocable/Eliminations						(18,656.45)	(18,049.97)	(16,039.88)	(18,656.45) j	(16,039.88)
	Note:			Capital Employed	(453.89)			(862.10)	(453.89	{862.10)
	1. • The figures of last quarter are the balancing figures betwi?E!n audited figures in respect of 1.tie full fincirKial year and tht! published vear to dale
	figures upto the third quarter of the respective financial year.
	2. On reconciliation and revision of bill as agreed in the current year an amount of Rs. 32.48 Cr of Income and Rs. 6.35 Cr of expenditure in re,;pect of
	IUC and roaming charges reverse in the current quarter in Cellular Segment.	�or an	f th: Board
				-						--
				@RTE��			c, &Co		�(P.K.�Ra;	Y.,)? J
	Place: New Delhi								Chairman & Managing Director :::.--	I�
	Date : 30.05.2022l ��&,q.s&					.			DIN; 06619060
		Ci:) ��.,,,,,. 11)
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