MMTC Limited Releases Financial Results for Quarter Ended June 30, 2026; Audit Notes Highlight Anglo Coal Case

MMTC Limited Releases Financial Results for Quarter Ended June 30, 2026; Audit Notes Highlight Anglo Coal Case​

MMTC Limited announced the outcomes of its 491st meeting of the Board of Directors held on August 11, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also released a limited review report on these financial statements.

The consolidated results showed Total Income of 146.12 crore for the quarter, compared to 71.56 crore in the quarter ended June 30, 2025, and 3.41 crore for the full year ending March 31, 2026. The company recorded a Total Comprehensive Income of 145.75 crore for the period, leading to an Earnings per Equity Share (EPS) (Basic and Diluted) of 0.69.

The standalone financial performance metrics for the quarter ended June 30, 2026, are summarized below:


The consolidated financial results for the quarter ended June 30, 2026 are as follows:

Audit Qualification Focus on Anglo Coal Case​

Both the independent auditor’s review report for the standalone and consolidated financials highlighted a qualification regarding the ongoing Anglo Coal dispute. The audit noted that MMTC deposited an aggregate amount of Rs. 1088.62 crore with the Hon'ble Delhi High Court, comprising Rs. 1087.76 crore via Demand Draft and Rs. 0.86 crore attached from the company’s bank account.

The audit observed that while MMTC had recognized the original liability of Rs. 1088.62 crore, subsequent events led to a discrepancy in provisioning. Following an order by the Delhi High Court on November 10, 2025, which directed the release of Rs. 1000 crore to Anglo on November 17, 2025, based on management calculations, the estimated remaining liability stood at Rs. 170.58 crore. However, the company had only recognized a provision of Rs. 87.76 crore, resulting in a non-recognition of Rs. 82.82 crore.

The audit noted that this non-recognition constituted a departure from accounting standards prescribed under section 133 of the Act.

Management responded to the audit qualification by submitting that no incremental outflow of resources is expected for the alleged differential liability of Rs. 82.82 crore. Management argued that, given the substantial interest accrual (estimated at approximately 259.74 crore) on the deposited amount held by the Court, this accrued interest could be adjusted against any future liability. Consequently, the management concluded that the differential amount should be disclosed as a contingent liability and not provisioned for under accounting standards.

Segment Performance Review​

The segment-wise results show MMTC's performance across various business units in the quarter ended June 30, 2026 (Standalone). Revenue from Other income was reported at 145.44 crore. Total expenses were recorded at 21.62 crore, and profit before exceptional items and tax stood at 124.50 crore.

Key segments included:


The management also noted that certain financial results, such as those of MMTC Transnational Pte Limited (MTPL), Singapore, could not be included in the consolidated statements because MTPL was under liquidation and its control had been taken over by a Liquidator.

MMTC Stock Price Movement​

Today, shares of MMTC Limited rallied after market close, settling higher at ₹64.98 following a 1.41% gain. The stock traded within an intraday range established by a low of ₹63.70 and a high of ₹65.57.