MTNL Share Price: Here is what triggered gains of up to 18% in shares of PSU stock

Shares of Mahanagar Telephone Nigam Ltd. (MTNL) are trading with gains of as much as 18% on Thursday, March 13. The stock hit a day’s high of ₹51.18 today. At this price, the scrip has gained 50% in the last one year.The sharp uptick followed the company’s earnings of ₹2,134.61 crore from the monetisation of land and building assets, as revealed in the Parliament.

The state-run telecom companies BSNL and MTNL have generated a total revenue of ₹

12,984.86 crore through the monetisation of assets, including land, buildings, towers, and fiber, since 2019.
As per the data, BSNL has earned ₹2,387.82 crore from asset monetisation.
The state-owned, debt-ridden MTNL was declared a Non-Performing Asset by most state-run lenders in October 2024.Back then, CNBC-TV18 had reported that banks have an exposure worth ₹7,925 crore towards MTNL, with total dues amounting to nearly ₹32,000 crore. This also includes short and long-term debt.

MTNL posted a net loss of ₹836 crore for the third quarter of FY25, compared to a loss of ₹839 crore in the same period last year.

The company’s revenue fell 11.6% year-on-year to ₹170 crore, down from ₹192.2 crore in Q3 FY24, reflecting ongoing challenges in the telecom sector.

MTNL’s earnings before interest, tax, depreciation, and amortisation (EBITDA) loss widened to ₹128.1 crore from ₹125.7 crore in the year-ago period, indicating sustained cost pressures and operational difficulties.

Shares of MTNL are trading 13.90% higher on Thursday at ₹49.25. The stock has halved from its earlier peak of ₹101.93.