MMTC (513377) Q2 26/27 earnings summary

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.