Audited Results

Qualified OpinionGoing ConcernRevenue DeclinePat NegativeNegative Operating CashflowExceptional ItemResults View source PDF

MMTC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.0%1-day move

₹64.75

prior close

₹65.40

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.2-0.4-0.1-1.1-0.0+0.2+5.6+5.0+0.6-0.3+15.3+4.6——

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AI summary

MMTC Ltd reported standalone total income of Rs 180.58 crore for FY2026, down from Rs 262.78 crore in FY2025, marking significant revenue decline. PAT fell to Rs 21.21 crore from Rs 69.53 crore. The auditor issued a qualified opinion due to insufficient provisioning for the Anglo Coal case - the company recognized only Rs 87.76 crore against an estimated liability of Rs 170.58 crore, understating provisions by Rs 82.82 crore. Exceptional items included Rs 411.76 crore income from NINL divestment and Rs 13.21 crore from confiscated gold. Deferred Tax Assets of Rs 163.79 crore were derecognized due to uncertainties. Operating cash flow was negative at Rs 605.27 crore. Additionally, MMTC Transnational Pte Ltd (Singapore subsidiary) is under liquidation with CBI investigation ongoing.

Likely market impact

The qualified audit opinion and going concern uncertainty signal significant financial and governance risks. The under-provisioning for Anglo Coal case, negative cash flows, and government-directed exit plan for the company create substantial uncertainty for shareholders.