MMTC · Services
MMTC Ltd. reported revenue of ₹1.0 cr for July to September 2026, 0.0% on the year and 0.0% on the quarter. Over the last four quarters revenue comes to ₹3.0 cr, +50.0% on the four before.
Operating profit (EBITDA) was −₹20.0 cr, a margin of −2,000.0%, +20,000 bps on the year and 0 bps on the quarter.
Net profit was ₹25.0 cr, −85.4% on the year and −76.0% on the quarter, with earnings per share of ₹0.17. The tax rate was 6% against an average of 23% over the previous 4 quarters, which lifted profit this quarter. Profit over the last four quarters totals ₹301 cr, +36.2% on the four before.
Of the 13 companies in Services that have reported Q2 FY27 so far, MMTC Ltd. ranks 13th on revenue growth; the sector median is +21.0%. Its margin moved +20,000 bps on the year against a sector median of +17 bps.
On earnings per share of ₹2.01 over the last four quarters, the stock at ₹53.64 trades at 26.7 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
Half or more of pre-tax profit came from other income. What is it, and does it repeat?
Source: Quarterly statements
A lower tax rate lifted profit. Is the lower rate going to last?
Source: Quarterly statements
Margin rose sharply on flat revenue. Which cost fell, and will it stay down?
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Finance cost rising, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.0 cr | ₹1.0 cr | ₹1.0 cr | ₹2.0 cr | ₹0.0 cr | ₹0.0 cr | ₹1.0 cr | ₹1.0 cr | ₹0.0 cr | ₹1.0 cr | ₹1.0 cr | ₹1.0 cr |
| YoY | — | — | −100% | — | −100% | −100% | 0% | −50% | — | — | 0% | 0% |
| EBITDA margin | −3,600.0% | −3,300.0% | −5,100.0% | −1,500.0% | — | — | −2,300.0% | −2,200.0% | — | −11,300.0% | −2,000.0% | −2,000.0% |
| Other income, % of PBT | 161% | 149% | 221% | 165% | 557% | 343% | 147% | 105% | 152% | 205% | 116% | 174% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 6% | −1% | 25% | 3% | 49% | — | 17% | 60% | −1% | −15% | 23% | 6% |
| Net profit | ₹56.0 cr | ₹70.0 cr | ₹33.0 cr | ₹48.0 cr | ₹4.0 cr | ₹2.0 cr | ₹44.0 cr | ₹171 cr | ₹46.0 cr | ₹126 cr | ₹104 cr | ₹25.0 cr |
| YoY | — | — | +120% | −8% | −93% | −97% | +33% | +256% | +1,050% | +6,200% | +136% | −85% |
| Core profit YoY | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS | ₹0.37 | ₹0.47 | ₹0.22 | ₹0.32 | ₹0.02 | ₹0.01 | ₹0.30 | ₹1.14 | ₹0.31 | ₹0.84 | ₹0.69 | ₹0.17 |
| Flags | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
MMTC Ltd. reported revenue of ₹1.0 cr (0.0% on the year) and net profit of ₹25.0 cr (−85.4% on the year) for July to September 2026.
2 checks raised a question: Half or more of pre-tax profit came from other income. What is it, and does it repeat?
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