MMTC Limited has informed the Exchange regarding outcome of the Board meeting held on February 12, 2026.
MMTC · price
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MMTC's Board approved unaudited financial results for Q3 FY26 and nine months ended December 2025, reviewed by auditor Dinesh Jain & Associates. On a standalone basis, total income for 9M FY26 fell to Rs 144.55 cr from Rs 218.64 cr a year ago, but profit after tax jumped to Rs 180.37 cr from Rs 69.21 cr, driven mainly by a Rs 377.64 cr exceptional income credit linked to the NINL escrow release and recovered gold. Consolidated PAT for 9M FY26 stood at Rs 261.34 cr versus Rs 84.40 cr, with EPS of Rs 1.74 vs Rs 0.56. The auditor flagged multiple Emphasis of Matter notes covering the Anglo Coal court case (Rs 1,088.62 cr provision; Rs 1,000 cr already released to Anglo Coal after Supreme Court dismissed MMTC's SLP), NINL divestment escrow (MMTC received Rs 411.76 cr principal plus Rs 25.75 cr interest), gold confiscated and returned by Customs, liquidation of subsidiary MTPL Singapore, and derecognition of deferred tax assets. No audit qualification was issued.
Headline profit growth looks impressive but is almost entirely fuelled by one-time exceptional gains and other income, while core trading revenue continues to shrink, signalling weak underlying business. Shareholders should track the ongoing Anglo Coal case hearings (next date 26 Feb 2026) and watch whether further cash outflows materialise, which remains the key risk overhang for the stock.