MMTC Q2 results: consolidated net profit falls 85.3% to Rs 25.17 crore
MMTC said in its filing with the National Stock Exchange that consolidated net profit for the September 2026 quarter was Rs 25.17 crore, against Rs 170.81 crore a year earlier, on revenue of Rs 1.27 crore.
Key points
- MMTC reported consolidated net profit of Rs 25.17 crore for the quarter ended 30 September 2026, per its filing with the National Stock Exchange.
- Consolidated profit was 85.3% below the Rs 170.81 crore of a year earlier and 75.9% below the previous quarter; revenue from operations was Rs 1.27 crore.
- The filing says a voluntary retirement scheme will cost an estimated Rs 20 crore in a later quarter, and the auditors' review carries a qualified conclusion.
MMTC Limited, a Government of India enterprise, reported a consolidated net profit of Rs 25.17 crore for the quarter ended 30 September 2026 (Q2 FY27), down 85.3% from Rs 170.81 crore a year earlier, according to its filing with the National Stock Exchange. Revenue from operations in the quarter was Rs 1.27 crore.
What Happened
The company's board approved the unaudited standalone and consolidated results on 10 November 2026. The figures below are consolidated unless stated otherwise, and the statutory auditors carried out a limited review of the results.
Revenue from operations was Rs 1.27 crore, up 15.5% from Rs 1.10 crore in the same quarter last year and up 86.8% from Rs 0.68 crore in the previous quarter. The previous-quarter figure is the half-year figure of Rs 1.95 crore less the second quarter.
Net profit after tax was Rs 25.17 crore. That is 85.3% lower than the Rs 170.81 crore of a year earlier and 75.9% lower than the previous quarter's Rs 104.24 crore, which is the half-year profit of Rs 129.41 crore less the second quarter. For the half year ended 30 September 2026, consolidated net profit was Rs 129.41 crore, against Rs 215.07 crore a year earlier.
On a standalone basis, revenue from operations was Rs 1.27 crore and other income was Rs 36.65 crore, giving total income of Rs 37.92 crore. Standalone net profit was Rs 9.47 crore, against Rs 133.59 crore a year earlier and Rs 93.73 crore in the previous quarter.
The notes to the results say the company introduced a Voluntary Retirement Scheme on 9 September 2026. Applications from 38 employees have been accepted and 23 were relieved on 30 October 2026. The company says the estimated expense of Rs 20 crore will be accounted for in a later quarter.
On the Anglo Coal matter, the notes say a provision of Rs 1,088.62 crore has been made, that the Delhi High Court ordered Rs 1,000 crore released to the other party on 10 November 2025, and that the balance amount will be heard next on 3 December 2026. The auditors' review report on the consolidated results carries a qualified conclusion, and its basis refers to the Anglo Coal matter.
What It Means
Revenue from operations was Rs 1.27 crore in the quarter, while the standalone statement shows other income of Rs 36.65 crore. The filing's table also shows an exceptional income item in the year-earlier quarter, so the comparison with that quarter is affected by it.
The cost of the retirement scheme is still to come, according to the company, and the court-linked amount in the Anglo Coal matter remains subject to the court's final determination. Shareholders can read the full results, notes and auditors' reports in the company's filing with the National Stock Exchange.
Oquilia Data: MMTC Ltd. (NSE: MMTC)
| Close, 9 Nov 2026 | Rs 53.99 (−0.70% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | −1.60% / −15.61% / −20.36% / −19.69% / −17.35% |
| Against Nifty 50, 1M / 3M / YTD | −12.81 / −17.54 / −15.54 points |
| 52-week closing high / low | Rs 76.03 (17 Jun 2026) / Rs 50.44 (30 Oct 2026) |
| Turnover, 20-session average | Rs 21.35 cr; 11.9% delivered; latest volume 0.3x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Full record: MMTC share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India