MMTC Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
MMTC · price
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MMTC Limited, a Government of India enterprise, reported Q1 FY26 results with consolidated revenue from operations of Rs 1.36 crore (up from Rs 0.65 crore YoY), though total income fell to Rs 71.56 crore from Rs 138.75 crore YoY due to lower other income. Consolidated net profit after tax rose 35% YoY to Rs 44.26 crore, helped by Rs 7.59 crore share of profit from joint ventures. Standalone PAT stood at Rs 36.67 crore vs Rs 31.61 crore YoY. The auditor's review report is unmodified but includes several Emphasis of Matter paragraphs flagging major exposures: the Anglo Coal case where Rs 1,088.62 crore is deposited with the Delhi High Court (Rs 1,054.87 crore already provisioned), NINL divestment warranty with potential MMTC liability up to Rs 1,067 crore, the ongoing liquidation of subsidiary MTPL Singapore, and a Rs 40 crore loan to CPF Trust. The NINL escrow account released Rs 411.76 crore principal plus Rs 25.75 crore interest to MMTC on 4 July 2025 as the three-year warranty period ended.
Short-term results show modest operational improvement but earnings remain driven by other income and joint venture share rather than core trading. Large unresolved legal exposures (Anglo Coal, NINL warranty) remain material overhangs; next Supreme Court hearing in Anglo Coal matter is 29 August 2025. Stock may remain range-bound pending clarity on contingent liabilities.