Published Sep 10, 2025 4 Min Read

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MMTC Q1 FY26 Results Overview

MMTC Q1 FY26 Results: Net Profit, Revenue, and Profit Growth

The Q1 FY26 financial results of MMTC (Metals and Minerals Trading Corporation of India) have attracted significant attention in the PSU trading space. MMTC, one of India’s largest public sector trading companies, has demonstrated a notable turnaround in profitability despite modest growth in its core trading revenue. This article delves into the company’s revenue, profit, and earnings trends, highlighting key performance drivers and their implications for stakeholders.

MMTC Q1 FY26 Results Overview

MMTC’s Q1 FY26 results reflect a strong performance, particularly in terms of profitability. The company reported a consolidated net profit of Rs. 44.26 crore, marking a significant 35% year-on-year (YoY) growth. This improvement was primarily driven by other income and contributions from joint ventures (JVs).

Key financial highlights for Q1 FY26 include:

Revenue from operations: Rs. 1.36 crore

Total income: Rs. 71.56 crore

Profit before tax (PBT): Rs. 53.47 crore (up 23% YoY)

Net profit: Rs. 44.26 crore (up 35% YoY)

Earnings per share (EPS): Rs. 0.30

This performance underscores MMTC’s ability to maintain profitability despite subdued trading revenue, supported by diversified income streams.

MMTC Q1 Revenue & Total Income Breakdown

MMTC’s revenue and total income for Q1 FY26 highlight a mixed performance. While revenue from operations remained modest at Rs. 1.36 crore, the company’s total income stood at Rs. 71.56 crore, reflecting the significant contribution of other income sources.

Year-on-Year (YoY) and Quarter-over-Quarter (QoQ) Analysis

Revenue from operations: Rs. 1.36 crore (YoY and QoQ growth negligible)

Total income: Rs. 71.56 crore (YoY and QoQ growth driven by other income)

The table below provides a detailed breakdown of MMTC’s revenue and total income:

MetricQ1 FY26Q4 FY25Q1 FY25YoY ChangeQoQ Change
Revenue from operationsRs. 1.36 CrRs. 1.42 CrRs. 1.35 Cr+0.7%-4.2%
Total incomeRs. 71.56 CrRs. 68.90 CrRs. 52.10 Cr+37.4%+3.9%

The modest growth in operational revenue indicates subdued trading activity, while the sharp rise in total income highlights the importance of non-core revenue streams, such as JV contributions.

MMTC Q1 Profit & EPS Movement

MMTC’s profitability in Q1 FY26 reflects its strategic focus on income diversification. The company reported a profit before tax (PBT) of Rs. 53.47 crore, a 23% YoY increase. Net profit stood at Rs. 44.26 crore, marking a robust 35% YoY growth. Earnings per share (EPS) for the quarter rose to Rs. 0.30, further solidifying MMTC’s financial position.

Profit and EPS Trends

Profit before tax (PBT): Rs. 53.47 crore (up 23% YoY)

Net profit: Rs. 44.26 crore (up 35% YoY)

Earnings per share (EPS): Rs. 0.30

The table below summarises MMTC’s profit and EPS movement:

MetricQ1 FY26Q4 FY25Q1 FY25YoY ChangeQoQ Change
PBTRs. 53.47 CrRs. 49.80 CrRs. 43.45 Cr+23.1%+7.4%
Net profitRs. 44.26 CrRs. 41.20 CrRs. 32.80 Cr+35.0%+7.4%
EPSRs. 0.30Rs. 0.28Rs. 0.22+36.4%+7.1%

The consistent growth in profitability and EPS underscores MMTC’s resilience and strategic focus on leveraging diversified income sources.



 

MMTC Q1 Segment & JV Contributions

MMTC’s Q1 FY26 results highlight the critical role of its segments and joint ventures (JVs) in driving overall performance. The company’s revenue from segments such as precious metals, fertilisers, and others remained steady, while JV contributions provided a significant boost to profitability.

Segment Contributions

Precious Metals: Revenue contribution remained stable, reflecting consistent demand in the market.

Fertilisers: Continued to be a key revenue driver, aligning with seasonal demand trends.

Others: Modest contributions from miscellaneous trading activities.

Joint Venture (JV) Contributions

JV income for Q1 FY26 stood at Rs. 7.59 crore, highlighting the importance of partnerships in stabilising MMTC’s earnings.

The table below provides a breakdown of segment and JV contributions:

SegmentRevenue (Q1 FY26)Revenue (Q1 FY25)YoY Change
Precious metalsRs. 0.50 CrRs. 0.48 Cr+4.2%
FertilisersRs. 0.40 CrRs. 0.38 Cr+5.3%
OthersRs. 0.46 CrRs. 0.49 Cr-6.1%
JV contributionsRs. 7.59 CrRs. 6.80 Cr+11.6%

The diversified revenue streams and JV contributions underscore MMTC’s strategic efforts to reduce dependence on core trading revenue.



 

MMTC Q1 Market Sentiment & Outlook

MMTC’s Q1 FY26 results have influenced market sentiment positively, with investors recognising the company’s improved profitability and income diversification. However, the modest growth in core trading revenue signals the need for strategic measures to enhance operational performance.

Key Observations

Share price movement: MMTC’s stock exhibited moderate fluctuations post-results, reflecting a cautious yet optimistic investor outlook.

Dividend declaration: The company did not declare any dividends for Q1 FY26, focusing on reinvesting profits for long-term growth.

MMTC’s results provide a glimpse into its fiscal trajectory, with profitability and diversification being key themes. For aspiring wealth builders and passive investors, the company’s performance highlights the importance of evaluating both core and non-core revenue streams when analysing PSU stocks.

Conclusion

MMTC’s Q1 FY26 results showcase a strong turnaround, driven by income diversification and JV contributions. While core trading revenue growth remains modest, the company’s strategic focus on leveraging other income sources has bolstered its financial stability.

For investors, MMTC’s performance underscores the importance of informed decision-making and long-term planning. As always, it is crucial to consider market risks and consult financial advisors before making investment decisions.

Investments in securities markets are subject to market risks. Please read all scheme-related documents carefully before investing.

Past performance is not indicative of future returns.

Frequently Asked Questions

Why are MMTC’s Q1 results important for PSU trading space?

MMTC’s Q1 results serve as a broader performance indicator for the public-sector trading domain, influencing investor sentiment toward PSU trade-based stocks.

How does other income affect MMTC’s profitability?

Other income streams, such as JV contributions, enhance MMTC’s profitability and minimise dependency on core trading revenue, promoting financial stability.

Why is JV performance crucial in understanding MMTC’s quarterly earnings?

JVs provide diversification and stability to MMTC earnings, particularly during periods of modest operational revenue growth, highlighting their significance in performance evaluation.

Can MMTC’s Q1 results indicate FY26 recovery trend for trade-based PSUs?

While Q1 results offer early fiscal insights, improved profitability and income diversification suggest MMTC’s potential alignment with broader PSU trading recovery trends.

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