MMTC

MMTC Limited has reported a sharp jump in profits for Q1 FY27,

MMTC Limited has reported a sharp jump in profits for Q1 FY27, with standalone net profit rising 155.6% year-on-year to ₹93.73 crore and consolidated net profit at ₹104.24 crore. The surge was driven largely by higher other income, though revenue from operations fell 50%. 📊 Key Financial Highlights (Q1 FY27 vs Q1 FY26) Metric Q1 FY27 Q1 FY26 Change Revenue from Operations ₹0.68 Cr ₹1.36 Cr -50% Other Income ₹145.44 Cr ₹70.20 Cr +107.2% Total Income ₹146.12 Cr ₹71.56 Cr +104.2% Profit Before Tax (Standalone) ₹124.55 Cr ₹45.88 Cr +171.5% Net Profit (Standalone) ₹93.73 Cr ₹36.67 Cr +155.6% Net Profit (Consolidated) ₹104.24 Cr ₹44.26 Cr +135.5% EPS (Consolidated) ₹0.69 ₹0.30 +130% 📰 Recent Announcements Board Meeting Outcome (11 Aug 2026): Approved unaudited standalone and consolidated results for Q1 FY27. Audit Qualification (Anglo Coal Case): Delhi High Court ordered release of ₹1,000 crore to Anglo Coal in Nov 2025. Remaining liability estimated at ₹170.58 crore, but MMTC has only provided ₹87.76 crore. Auditors flagged understatement of provisions by ₹82.82 crore. Management disagrees, citing accrued interest (~₹259.74 crore) and ongoing judicial adjudication. Regulation 30 LODR Publication (13 Aug 2026): Results published in English and Hindi newspapers. Management Changes (Aug 2026): Shri Kundan Kumar Mishra appointed as Director (Finance). Shri Nabarun Nayak completed tenure as Independent Director. ⚠️ Risks & Considerations Revenue Decline: Operational revenue halved YoY, indicating reliance on non-core income streams. Audit Dispute: Anglo Coal liability remains unresolved; potential financial impact if court rules against MMTC. Exceptional Items: Significant reduction from ₹96.06 crore in Q4 FY26 to just ₹0.05 crore in Q1 FY27, boosting reported profits.