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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
MMTC
MMTC (513377) investor relations material
MMTC Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary12 Nov, 2026
Executive summary
Q2 FY27 net profit was ₹9.47 crore standalone and ₹25.17 crore consolidated; year-earlier profits were much higher, partly due to a ₹378 crore exceptional gain.
Both standalone and consolidated limited reviews carried qualified conclusions over an unprovided ₹82.82 crore Anglo Coal liability.
Financial highlights
Q2 total income was ₹37.92 crore, including ₹36.65 crore other income; revenue from operations was ₹1.27 crore vs ₹1.10 crore YoY.
Q2 standalone PBT before exceptional items was ₹16.29 crore vs ₹14.33 crore YoY; reported PBT was ₹10.95 crore and net profit ₹9.47 crore.
Q2 consolidated net profit was ₹25.17 crore vs ₹170.81 crore YoY; consolidated PBT was ₹26.65 crore vs ₹429.55 crore.
H1 standalone net profit was ₹103.20 crore vs ₹170.26 crore YoY; consolidated net profit was ₹129.41 crore vs ₹215.07 crore.
H1 revenue from operations was ₹1.95 crore vs ₹2.46 crore YoY; consolidated JV profit contribution was ₹26.21 crore vs ₹44.81 crore.
Outlook and guidance
VRS costs estimated at ₹20 crore are to be recognized in the subsequent quarter; 38 applications were accepted and 23 employees had left by 30 October 2026.
Anglo Coal liability quantification remains subject to court determination, with the next hearing scheduled for 3 December 2026.
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Latest events from MMTC
- Business ceased, profit from interest income, major legal liabilities and closure pending.513377
Q4 23/24 - Strong Q1 profit growth overshadowed by qualified results and major unresolved legal liabilities.513377Q1 26/27
- Exceptional income drove FY26 profit surge amid business exit plans and litigation risks.513377Q4 25/26
- Q3 FY26 net profit rebounded strongly, aided by improved margins and NINL receipts.513377Q3 25/26
- Exceptional income and JV profits drove a sharp rise in H1 FY26 net profit.513377Q2 25/26
- Q1 FY25 net profit surged year-over-year, but legal and contingent risks persist.513377Q1 24/25
- Net profit and EPS rose sharply year-over-year, but legal and contingent risks remain.513377Q2 24/25
- FY25 saw stable standalone profits, lower consolidated earnings, and ongoing legal risks.513377Q4 24/25
- Profits and revenues declined sharply in Q3 FY25 amid minimal operations and ongoing legacy risks.513377Q3 24/25
Next MMTC earnings date
Q3 26/2710 Feb, 2027
MMTC
Next MMTC earnings date
Q3 26/2710 Feb, 2027
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