MMTC: Audit qualification on Anglo Coal case; Q1 profit drops sharply after adjustment

Litigation LossRegulatory & Legal View source PDF Explain this filing

MMTC · price

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

Price reactionminutes from the announcement price · days from the prior close

-1.3%Reaction day

₹65.19

prior close

₹65.80

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.3%-1.1% vs market

Trading & Distributors peers, median of 133sector+0.0%-1.3% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Smallcap 250 and 1.3 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.2

15m

-0.7

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3-0.3-1.1+0.0-1.3

Next day

-2.1-0.1-2.0+0.0-2.1

-1.4-0.6-0.8+0.0-1.4

-2.3-0.4-1.9-0.5-1.8

-3.1-0.2-2.9-1.0-2.0

-4.7-0.8-3.9-1.3-3.4

+0.0+0.2-0.2-1.0+1.0

15d

-4.2-0.7-3.5-2.0-2.2

-7.4-2.7-4.7-3.6-3.7

-16.0-3.3-12.6-6.3-9.7

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UpDownMarket · Nifty Smallcap 250Sector · Trading & Distributors peers, median of 133Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

MMTC Q1FY27 results carry an audit qualification on the Anglo Coal matter. SC dismissed MMTC appeal Nov 2025. Rs 1000 cr of Rs 1088 cr deposit released to Anglo. Auditors say Rs 82.82 cr is under-provided, shown as contingent liability. Management disagrees citing Rs 259 cr accrued interest. Adjusted standalone net profit drops from Rs 93.73 cr to Rs 10.91 cr, EPS from 0.62 to 0.07.

Likely market impact

Negative as auditor flags Rs 82.82 cr under-provision. Adjusted profit is much lower. Litigation overhang on stock continues.