Tata Teleservices (Maharashtra) (NSE:TTML) Operating Income: ₹4,971 Mil (TTM As of Jun. 2026)

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NSE:TTML Tata Teleservices (Maharashtra) Ltd NSE:TTML
44 GF Score
Price ₹38.98
GF Value ₹65.56
Valuation Possible Value Trap
! 6 Warning Signs
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What is Tata Teleservices (Maharashtra) Operating Income?

Tata Teleservices (Maharashtra) NSE:TTML -1.27% 44 Operating Income is ₹4,971 Mil as of Jun. 2026. GuruFocus rates NSE:TTML with a GF Score™ of 44/100 and a GF Value™ of ₹65.56 (Possible Value Trap). The stock has 6 warning signs investors should review.

Tata Teleservices (Maharashtra)'s Operating Income for the three months ended in Jun. 2026 was ₹1,293 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹4,971 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tata Teleservices (Maharashtra)'s Operating Income for the three months ended in Jun. 2026 was ₹1,293 Mil. Tata Teleservices (Maharashtra)'s Revenue for the three months ended in Jun. 2026 was ₹3,016 Mil. Therefore, Tata Teleservices (Maharashtra)'s Operating Margin % for the quarter that ended in Jun. 2026 was 42.88%.

Good Sign:

Tata Teleservices (Maharashtra) Ltd operating margin is expanding. Margin expansion is usually a good sign.

Tata Teleservices (Maharashtra)'s 5-Year average Growth Rate for Operating Margin % was 5.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tata Teleservices (Maharashtra)'s annualized ROC % for the quarter that ended in Jun. 2026 was 2.71%. Tata Teleservices (Maharashtra)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 55.26%.


Tata Teleservices (Maharashtra)  (NSE:TTML) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Tata Teleservices (Maharashtra)'s annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=5172 * ( 1 - 0% )/( (190796.9 + 0)/ 1 )
=5172/190796.9
=2.71 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Tata Teleservices (Maharashtra)'s annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5357.6/( ( (9694.9 + max(-22271, 0)) + (0 + max(0, 0)) )/ 1 )
=5357.6/( ( 9694.9 + 0 )/ 1 )
=5357.6/9694.9
=55.26 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(764.9 + 0 + 491.2) - (2611.5 + 0 + 20915.6)
=-22271

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Tata Teleservices (Maharashtra)'s Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=1293/3015.7
=42.88 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Tata Teleservices (Maharashtra) Operating Income Related Terms


Tata Teleservices (Maharashtra) Operating Income Historical Data

* Premium members only.

The historical data trend for Tata Teleservices (Maharashtra)'s Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tata Teleservices (Maharashtra) Operating Income Chart

Tata Teleservices (Maharashtra) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,125.00 3,461.50 3,778.00 4,047.90 4,766.90

Tata Teleservices (Maharashtra) Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,077.50 1,004.20 1,381.30 1,292.80 1,293.00
NSE:TTML
44GF Score
Tata Teleservices (Maharashtra) Ltd NSE:TTML
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Tata Teleservices (Maharashtra) Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹4,971 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹4,971 Mil mean?
Tata Teleservices (Maharashtra) (NSE:TTML) has a Operating Income of ₹4,971 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tata Teleservices (Maharashtra) and its competitors.
Is Tata Teleservices (Maharashtra)'s Operating Income too high?
Tata Teleservices (Maharashtra)'s current Operating Income is ₹4,971 Mil. Overall, Tata Teleservices (Maharashtra) has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tata Teleservices (Maharashtra)'s Operating Income compare to VZ and TMUS?
Tata Teleservices (Maharashtra)'s Operating Income of ₹4,971 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Telecommunication Services company?
A good Operating Income depends on the Telecommunication Services industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tata Teleservices (Maharashtra) and its competitors. Tata Teleservices (Maharashtra)'s current Operating Income is ₹4,971 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tata Teleservices (Maharashtra) stock overvalued right now?
Based on GuruFocus' analysis, Tata Teleservices (Maharashtra) (NSE:TTML) is currently considered Possible Value Trap. The stock's GF Value™ is ₹65.56, compared to a current price of ₹38.98 — trading 40.5% below its estimated fair value. The current Operating Income is ₹4,971 Mil. Tata Teleservices (Maharashtra)'s overall GF Score™ is 44/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Tata Teleservices (Maharashtra) (NSE:TTML), the current Operating Income is ₹4,971 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tata Teleservices (Maharashtra) (NSE:TTML) Overvalued in 2026?

Based on GuruFocus' analysis, Tata Teleservices (Maharashtra) stock appears to be undervalued. The current stock price of ₹38.98 is trading 40.5% below its estimated GF Value™ of ₹65.56. GuruFocus considers Tata Teleservices (Maharashtra) to be Possible Value Trap.

Key valuation signals for NSE:TTML:

  • Operating Income: ₹4,971 Mil
  • GF Value™: ₹65.56 vs. price of ₹38.98 (40.5% below fair value)
  • GF Score™: 44/100 with 6 warning signs

No single metric tells the full story. See the NSE:TTML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tata Teleservices (Maharashtra) Business Description

Other Exchanges 532371:India
Address D-26, TTC Industrial Area, MIDC Sanpada, P.O. Turbhe, Navi Mumbai, MH, IND, 400 703
Tata Teleservices (Maharashtra) Ltd provides basic and cellular telecommunication services. The company offers its product portfolio and services to wireline and wireless subscribers. The services provided by the company include Cloud and Saas, IoT Solutions, Cloud infrastructure, security Solutions, and others. It provides telecommunication services only in the Indian domestic market.
44GF Score

Get the complete analysis for NSE:TTML

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹38.98
Price
₹65.56
GF Value