MMTC Limited has announced its standalone unaudited financial results for the quarter and half year ended September 30, 2026. The company reported a net profit of ₹9.47 crore for the quarter and ₹103.20 crore for the half year. The auditor’s report highlights a qualified conclusion related to the Anglo Coal matter, impacting the recognition of a provision.
MMTC Limited Announces Q2 FY27 Financial Performance
MMTC Limited has released its standalone unaudited financial results for the quarter and half year ended September 30, 2026. The company reported a net profit of ₹9.47 crore for the quarter, a significant increase compared to the same period last year. For the half year ended September 30, 2026, the net profit stood at ₹103.20 crore.
Auditor’s Qualified Conclusion
The financial results are accompanied by an Independent Auditor’s Review Report from RSPH & Associates. The report includes a qualified conclusion primarily due to the treatment of the Anglo Coal matter. The auditors noted a departure from Ind AS 37 regarding the non-recognition of ₹82.82 crore, which the management considers a contingent liability due to accrued interest available for adjustment.
Key Financial Highlights
For the quarter ended September 30, 2026:
- Total Income: ₹37.92 crore
- Total Expenses: ₹21.63 crore
- Profit Before Tax: ₹16.29 crore
- Net Profit: ₹9.47 crore
For the half year ended September 30, 2026:
- Total Income: ₹184.04 crore
- Total Expenses: ₹43.25 crore
- Profit Before Tax: ₹135.50 crore
- Net Profit: ₹103.20 crore
Emphasis of Matter
The auditor also highlighted an Emphasis of Matter regarding the Audit Committee not being constituted due to the non-appointment of Independent Directors. The financial results were reviewed and approved by the Board of Directors without review by the Audit Committee.
Consolidated Results
The statement also includes consolidated financial results, reflecting a net profit after tax of ₹25.17 crore for the quarter and ₹129.41 crore for the half year ended September 30, 2026. The consolidated results also carry a qualified opinion due to the Anglo Coal matter.
Source: BSE
