Key Financial Figures (Standalone)

Quarter Ended June 30, 2026:

  • Total Income: ₹146.12 crore
  • Revenue from Operations: ₹0.68 crore
  • Other Income: ₹145.44 crore
  • Total Expenses: ₹21.62 crore
  • Profit Before Tax: ₹124.55 crore
  • Tax Expense: ₹30.82 crore
  • Net Profit: ₹93.73 crore
  • Other Comprehensive Income: ₹41.50 crore
  • Total Comprehensive Income: ₹135.23 crore
  • Basic EPS: ₹0.62
  • Diluted EPS: ₹0.62

Comparative Figures:

  • June 30, 2025 Net Profit: ₹36.67 crore
  • March 31, 2026 Net Profit: ₹31.70 crore (Audited)

Key Financial Figures (Consolidated)

Quarter Ended June 30, 2026:

  • Total Income: ₹146.12 crore
  • Profit Before Tax: ₹135.06 crore
  • Net Profit: ₹104.24 crore
  • Total Comprehensive Income: ₹145.75 crore
  • Basic EPS: ₹0.69
  • Diluted EPS: ₹0.69

Anglo Coal Case Disclosure

Legal Background:

  • Case involves Anglo Coal matter with Hon'ble Delhi High Court
  • Original deposit made: ₹1088.62 crore (₹1087.76 crore deposited in court + ₹0.86 crore attached from bank account)
  • Full provision of ₹1088.62 crore already made in books

Recent Developments:

  • Hon'ble Delhi High Court order dated 09.05.2025 allowed Anglo to withdraw amount with accrued interest after 2 weeks
  • MMTC's SLP dismissed by Supreme Court on 03.11.2025
  • Suit in Delhi High Court dismissed on 29.07.2025
  • CBI registered case (RC) on 21.07.2025 based on MMTC's complaint

Payment Details:

  • MMTC filed application on 03.11.2025 admitting liability of ₹1169.14 crore (including interest up to 01.11.2025)
  • Delhi High Court ordered release of ₹1000 crore to Anglo on 10.11.2025
  • Amount released to Anglo on 17.11.2025: ₹1000 crore + ₹0.86 crore
  • Estimated remaining liability as on 17.11.2025: ₹170.58 crore (including interest)

Accounting Treatment Dispute:

  • Company recognized provision of ₹87.76 crore only
  • Auditors claim additional provision required: ₹82.82 crore
  • Company has classified ₹82.82 crore as contingent liability
  • Next hearing date: 22.09.2026 for determination of balance amount

CPF Trust Loan

  • On 06.11.2023: ₹40 crore extended as interest-bearing advance/loan to CPF Trust for VRS employees
  • Repayment received up to 31.03.2026: ₹35.50 crore
  • Adjustment on 28.04.2026: ₹3.56 crore against capital loss on bad investments
  • Balance amount to be repaid by trust upon receipt of funds from investments
  • Interest accounted for Q1 FY27: ₹0.04 crore

Other Payments

  • Paid ₹5.43 crore to Chennai Port Authority on 17.07.2026 for shortfall charges on licensed land for iron ore shipment during 2010
  • Payment made as per Administrative Mechanism for Resolution of CPSEs Disputes (AMRCD) decision dated 12.05.2026

Subsidiary and Joint Venture Status

Subsidiary not consolidated:

  • MMTC Transnational Pte Limited (Singapore): Under liquidation, control with liquidators, financial results not received

Joint Ventures not consolidated:

  • MMTC Gitanjali Limited: Financial results not received since 2017-18
  • Sical Iron Ore Terminal Ltd.: 100% provision made
  • Free Trade Warehousing Pvt. Ltd.: 100% provision made, financial statements not received since 31.03.2022
  • MMTC PAMP India Pvt. Ltd.: Financial results received and included

Audit Qualification Details

Basis for Qualified Opinion:

  • Non-recognition of provision of ₹82.82 crore for Anglo Coal case
  • Auditors consider this a departure from accounting standards (Ind AS 37)
  • Had provision been made: Provisions would increase by ₹82.82 crore, Shareholders' funds would reduce by ₹82.82 crore
  • Same qualification was made in audit report for quarter and year ended March 31, 2026 dated May 29, 2026

Management's Response:

  • Disagrees with audit qualification
  • Argues no probable outflow of resources due to accrued interest available with court (approximately ₹259.74 crore accrued up to 01.11.2025)
  • Calculations submitted to court were provisional and without prejudice
  • Final liability subject to judicial determination of exchange rate and methodology
  • Appropriate disclosure as contingent liability maintained

Shareholding Pattern

  • Public Shareholding: 151,096,857 shares (10.07%)
  • Promoter & Promoter Group: 1,348,903,143 shares (89.93%)
  • No shares pledged/encumbered

Board Meeting Details

  • 491st Meeting of Board of Directors
  • Date: August 11, 2026
  • Time: Commenced at 1530 hrs, concluded at 1830 hrs
  • Approved: Unaudited Standalone Financial Results, Unaudited Consolidated Financial Results, Limited Review Report