New Delhi: MMTC Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company’s standalone net profit stood at ₹9.47 crore in Q2 FY27, while its profit after tax (PAT) for the first half of the financial year reached ₹103.20 crore.
The financial results were approved by the Board of Directors at its meeting held on November 10, 2026.
MMTC Q2 FY27 Standalone Financial Performance
MMTC reported standalone revenue from operations of ₹1.27 crore in Q2 FY27, compared with ₹1.10 crore in the corresponding quarter of the previous financial year.
Other income stood at ₹36.65 crore, against ₹37.37 crore in Q2 FY26. As a result, total income was ₹37.92 crore, compared with ₹38.47 crore in the year-ago quarter.
Profit before exceptional items declined to ₹16.29 crore from ₹14.33 crore?
Profit before tax (PBT) stood at ₹10.95 crore in Q2 FY27, compared with ₹392.33 crore in Q2 FY26. The company reported a standalone net profit of ₹9.47 crore, against ₹133.59 crore in the corresponding quarter last year.
Total comprehensive income stood at a loss of ₹17.64 crore, compared with a positive ₹107.14 crore in Q2 FY26. Earnings per share (EPS) was ₹0.06, against ₹0.89 in the corresponding quarter of the previous year.
MMTC H1 FY27 Financial Performance
For the first half of FY27, MMTC reported revenue from operations of ₹1.95 crore, compared with ₹2.46 crore in H1 FY26.
Other income increased to ₹182.09 crore from ₹107.57 crore, taking total income to ₹184.04 crore against ₹110.03 crore in the corresponding period of the previous financial year.
Profit before exceptional items rose to ₹140.79 crore from ₹60.20 crore. However, profit before tax stood at ₹135.50 crore, compared with ₹438.21 crore in H1 FY26.
Standalone net profit for H1 FY27 was ₹103.20 crore, against ₹170.26 crore in the year-ago period. Total comprehensive income stood at ₹117.59 crore, compared with ₹176.05 crore. EPS for the half-year was ₹0.69, against ₹1.14 in H1 FY26.
MMTC Consolidated Q2 and H1 FY27 Results
On a consolidated basis, MMTC reported a net profit of ₹25.17 crore for Q2 FY27. This included a share of profit of ₹15.70 crore from joint ventures.
For H1 FY27, consolidated net profit stood at ₹129.41 crore, including a share of joint venture profit of ₹26.21 crore. Consolidated total comprehensive income for the half-year was ₹143.80 crore.
Low Operating Revenue and Higher Contribution from Other Income
MMTC’s operating revenue remained low during the quarter and half-year, at ₹1.27 crore and ₹1.95 crore, respectively. Other income, primarily from interest and dividends, continued to be the main contributor to the company’s income and profitability.
The company also reported an exceptional item of ₹5.34 crore in Q2 FY27, mainly related to a payment made to the Chennai Port Authority under the AMRCD mechanism.
MMTC Introduces Voluntary Retirement Scheme
The company has introduced a Voluntary Retirement Scheme (VRS). The estimated expense of around ₹20 crore is expected to be accounted for in the subsequent quarter.
Auditors Issue Qualified Conclusion Over Anglo Coal Liability
The statutory auditors have issued a qualified conclusion on both the standalone and consolidated financial results. The qualification relates to the Anglo Coal matter and the recognition of an additional liability.
According to the details disclosed by the company:
- Estimated remaining liability: ₹170.58 crore, including interest up to November 17, 2025.
- Provision available in the books: ₹87.76 crore.
- Unprovided amount: ₹82.82 crore, which the management has treated as a contingent liability.
The auditors have stated that the non-recognition of the additional ₹82.82 crore liability represents a departure from Ind AS 37, which deals with provisions, contingent liabilities and contingent assets.
However, the management has disagreed with the auditors’ observation, stating that accrued interest on the court deposit is available for adjustment against the liability.
About MMTC Limited
MMTC Limited is a Government of India enterprise engaged in international and domestic trade. The company deals in a range of products, including minerals, metals, precious metals, agricultural commodities and other goods. It plays a role in facilitating trade and supporting India’s commodity trading activities.
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