MMTC (513377) Q1 24/25 earnings summary

Executive summary

• Standalone net profit for Q1 FY25 was ₹31.61 crore, up from ₹2.82 crore in Q1 FY24, with consolidated net profit at ₹32.69 crore for the same period.

• Total standalone income for Q1 FY25 was ₹138.75 crore, compared to ₹30.70 crore in Q1 FY24; consolidated income was ₹138.75 crore.

• Board approved unaudited standalone and consolidated results for the quarter ended 30 June 2024.

Financial highlights

• Standalone profit before tax (after exceptional items) for Q1 FY25 was ₹42.23 crore, up from ₹6.61 crore in Q1 FY24.

• Consolidated profit before tax (after exceptional items) for Q1 FY25 was ₹43.31 crore, up from ₹18.45 crore in Q1 FY24.

• Earnings per share (EPS) for Q1 FY25 stood at ₹0.21 (standalone) and ₹0.22 (consolidated), compared to ₹0.02 and ₹0.10 respectively in Q1 FY24.

• Total comprehensive income for Q1 FY25 was ₹32.48 crore (standalone) and ₹33.60 crore (consolidated), up from ₹4.92 crore and ₹16.77 crore in Q1 FY24.

Outlook and guidance

• Results reviewed by Audit Committee and approved by Board on 9 August 2024.

• Statutory auditors conducted a limited review and found no material misstatements.