New Delhi: MMTC Limited, one of India’s leading trading companies, announced its unaudited standalone and consolidated financial results for the third quarter (Q3) and nine months of FY26, ending 31 December 2025. The results, approved by the Board of Directors today following a Limited Review, reflect stable operations, key corporate developments, and ongoing legacy legal matters.
Standalone Performance Highlights
For Q3 FY26, MMTC reported:
- Total Income: ₹34.52 crore
- Total Expenses: ₹24.61 crore
- Profit Before Tax (PBT): ₹9.54 crore
- Net Profit: ₹10.11 crore
- Earnings Per Share (EPS): ₹0.07
Over the nine-month period, the company’s total income rose to ₹144.55 crore with total expenses of ₹74.44 crore. Exceptional items significantly influenced the net profit, which stood at ₹180.37 crore.
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Consolidated Results Overview
The consolidated financials showed a stronger performance, reflecting contributions from joint ventures and subsidiaries:
- Q3 Total Income: ₹34.52 crore
- Q3 Net Profit: ₹46.27 crore
- Nine-Month Total Income: ₹144.55 crore
- Nine-Month Net Profit: ₹261.34 crore
The higher consolidated net profit is attributed to subsidiary and joint venture operations, excluding MTPL, Singapore, which is under liquidation.
Key Corporate Updates
Anglo Coal Provision
MMTC maintains a provision of ₹1,088.62 crore in accordance with a Delhi High Court order. The management estimates ₹260 crore in accrued interest but does not foresee any further cash outflows.
NINL Divestment Completion
The three-year warranty period for liabilities related to Neelachal Ispat Nigam Ltd. (NINL) ended in July 2025, resulting in no further financial obligations. The company also received escrow maturity funds totaling ₹411.76 crore (principal) and ₹25.75 crore (interest).
MTPL, Singapore
MMTC’s wholly-owned subsidiary MTPL is under liquidation per a Singapore High Court order, and its results were not included in consolidated accounts.
Deferred Tax Assets
Due to uncertainties, deferred tax assets were not recognized, and previously recorded balances were derecognized.
Shareholding and Governance
As of 31 December 2025:
- Promoter & Promoter Group: 100%
- Public Shareholding: 10.07%
- Non-encumbered Promoter Shares: 89.93%
This structure reflects stable public shareholding and strong promoter control.
Segment Performance
The Coal & Hydrocarbon segment emerged as the largest contributor to profit before tax over the nine-month period, supported by other operational segments and adjustments for interest and unallocable expenditures.
Outlook
MMTC continues to focus on disciplined management of trading operations while resolving legacy legal matters. The company’s diversified portfolio and recovery of key assets provide a stable foundation for ongoing operations.
About MMTC
MMTC Limited is one of India’s leading trading companies, with a diversified portfolio spanning coal, hydrocarbons, precious metals, and industrial materials. The company is actively involved in global trade, asset management, and legacy corporate resolutions, maintaining a stable and growth-oriented business outlook.
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