The Exchange had sought clarification from MMTC Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. The company has not submitted declaration in case of unmodified opinion(s) The response of the Company is enclosed.
MMTC · price
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Awaiting price reaction for this filing.
MMTC has responded to NSE's query about two regulatory gaps: the missing machine-readable financial results and the declaration of unmodified auditor opinion for FY25 — both have now been submitted. The filing also includes the audited standalone and consolidated results for Q4 and FY ending March 2025. Standalone FY25 net profit edged up to ₹69.55 crores (vs ₹68.21 crores in FY24) on total income of ₹262.78 crores, with EPS at ₹0.46. On a consolidated basis, however, net profit fell sharply to ₹86.73 crores (from ₹192.18 crores) and EPS dropped to ₹0.58 from ₹1.28. Auditor Dinesh Jain & Associates gave an unqualified opinion, but flagged multiple legal disputes in emphasis-of-matter notes. The company is 89.93% government-owned (public float just 10.07%) and is downsizing — 13 employees took VRS in FY25, costing ₹7.94 crore.
The clarification is procedural and clears a compliance overhang, so the immediate regulatory risk is low. But investors should weigh unresolved contingent liabilities — the Anglo Coal case (₹1,088.62 crores with Delhi HC, SLP pending in Supreme Court), the NINL escrow of ₹774.94 crores, and MTPL Singapore under liquidation with a CBI probe. The sharp drop in consolidated profit despite stable standalone numbers is also a yellow flag worth tracking.