MMTC reports qualified audit opinion on FY26 results over Anglo Coal provisioning
MMTC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MMTC filed Statement on Impact of Audit Qualifications for FY ended Mar 31, 2026. Auditor issued a qualified opinion (first-time) flagging under-provision of Rs. 82.82 cr in the Anglo Coal case. Company provided Rs. 87.76 cr vs auditor's estimate of Rs. 170.58 cr liability. Standalone PAT would drop from Rs. 212.07 cr to Rs. 129.25 cr if adjusted (EPS from Rs. 1.41 to Rs. 0.86). Consolidated PAT would fall from Rs. 387.38 cr to Rs. 304.56 cr. Management disagrees, citing accrued interest held by court.
Qualified opinion highlights Rs. 82.82 cr provisioning gap in Anglo Coal case; could reduce reported profits and raise scrutiny on contingent liabilities.