iWorld
Dialling into deeper losses as MTNL posts weak first quarter numbers
MUMBAI: MTNL’s first quarter call sheet for FY26 is anything but music to investors’ ears. The state-run telecom player rang up a consolidated net loss for the three months ended 30 June 2025, as falling revenues and swelling expenses continued to choke its balance sheet. The company’s unaudited results, approved by its board on 13 August, showed total income at Rs 334.11 crore, down sharply from Rs 455.29 crore a year earlier. Revenue from operations slipped to Rs 329.36 crore, a 27.6 per cent drop year-on-year, with other income contributing Rs 4.75 crore.
Expenses told an even starker story total outgo rose to Rs 425.92 crore, including operating costs of Rs 142.10 crore, employee benefits at Rs 42.16 crore, finance costs of Rs 64.12 crore, and depreciation and amortisation of Rs 105.28 crore.
The red ink has left MTNL’s net worth in the negative, with accumulated losses outstripping its equity share capital. A long-running license fee battle with the Ministry of Information and Broadcasting continues to loom large, the PSU has a provision of Rs 4,680.24 crore against the MIB’s April demand of Rs 8,735.67 crore (including interest) for fees since inception, a claim it is contesting in court.
The bonds issued by MTNL remain unsecured, making certain SEBI disclosure norms inapplicable, but the financial stress remains very much on record and in the spotlight for shareholders watching every rupee spent.
Gaming
Samsung’s #PlayGalaxy Cup 5.0 crowns Kaashvi Warriors
Galaxy S26-powered esports event reaches 350 million plus users with 48 top creators.
MUMBAI: Samsung just powered up India’s gaming arena because when Galaxy S26 meets creator chaos, even the controllers get excited. India’s largest consumer electronics brand, Samsung, hosted the fifth edition of #PlayGalaxy Cup, powered by the all-new Galaxy S26 series, bringing together 48 top gaming creators for a high-stakes tournament. Kaashvi Warriors emerged as champions after approximately four and a half hours of intense head-to-head matchups, livestreamed on Samsung India’s official YouTube channel and select Exclusive Stores nationwide, reaching over 350 million users.
The event featured leading talents from Opraahfx, including TechnoGamerz, MythPat, GamerFleet, Desi Gamers, Gautami Abhyudaya, Sooneeta, and Sourav Joshi, delivering massive engagement and competitive fire.
The Galaxy S26 series stole the show with its enhanced performance, immersive display technology, reduced thickness, and lighter weight proving its mettle in sustained peak gameplay under tournament pressure.
Samsung Mobile,vice president and head of product marketing & e-commerce Aditya Babbar said, “At Samsung, we’re proud to empower India’s vibrant esports community with Galaxy devices designed for high-performance gaming. #PlayGalaxy Cup has now entered its fifth edition… we’ve taken it to the next level with even bigger battles and exclusive experiences.”
Over five seasons, #PlayGalaxy Cup has grown from tournament to creator-community powerhouse, cementing Samsung’s bond with Gen Z and millennial gamers fuelling India’s esports boom.
In a scene where mobile gaming is exploding, Samsung’s latest showcase wasn’t just a win for Kaashvi Warriors,it’s a statement that the right device can turn any matchup into a multi-million-view spectacle.
