MMTC Q3 FY26 Net Profit ₹46 Cr; Anglo Coal Case Provision ₹1,088 Cr

New Delhi, 12 February 2026 – MMTC Limited, one of India’s leading trading companies, has approved its unaudited standalone and consolidated financial statements for the third quarter and nine months ended 31 December 2025. The Board of Directors ratified the results at a meeting held today, following a Limited Review, and also discussed key corporate developments affecting the company’s financials.

Standalone Performance Highlights

For the quarter ended 31 December 2025, MMTC reported:

Total Income: ₹34.52 crore
Total Expenses: ₹24.61 crore
Profit Before Tax: ₹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 contributed significantly to the net profit, which stood at ₹180.37 crore for the period.

Consolidated Results Overview

The consolidated accounts showed a similar trend:

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 reflects contributions from joint ventures and subsidiaries, excluding certain entities whose financials were unavailable or under liquidation.

Key Notes from the Financial Statements

The Board’s announcement highlighted several important matters:

Anglo Coal Case: A provision of ₹1,088.62 crore remains in the books in line with a Delhi High Court order. Management estimates accrued interest of approximately ₹260 crore but does not anticipate additional outflows.
NINL Divestment: The three-year warranty period for liabilities related to the Neelachal Ispat Nigam Ltd. divestment expired in July 2025, with no further financial obligation arising. MMTC also received escrow maturity funds totaling ₹411.76 crore (principal) and ₹25.75 crore (interest).
MTPL, Singapore: The company’s wholly owned subsidiary is under liquidation following a Singapore High Court order. Its results were not included in the current consolidated figures.
Deferred Tax Assets: MMTC has not recognized deferred tax assets due to associated uncertainties; previously recognized balances were derecognized.

Shareholding & Corporate Governance

As of 31 December 2025:

Promoter & Promoter Group: 100%
Public Shareholding: 10.07%
Non-encumbered Promoter Shares: 89.93%

Segment Highlights

The Coal & Hydrocarbon segment was 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 its trading operations while resolving legacy legal matters. The company’s diversified portfolio and recovery of key assets provide a stable foundation for ongoing operations.