MMTC Ltd: Audit Qualification Impacts Net Profit by ₹82.82 Cr

MMTC Ltd has issued a statement detailing the impact of an audit qualification for the quarter ended June 30, 2026. The qualification relates to the Anglo Coal case, where the company recognized a provision of ₹87.76 crore against an estimated present obligation of ₹170.58 crore, leading to an understatement of provision and overstatement of contingent liabilities by ₹82.82 crore. This departure from accounting standards has significantly impacted the net profit, reducing it from ₹93.73 crore to ₹10.91 crore, and Earnings Per Share from ₹0.62 to ₹0.07. The company maintains that its calculations are provisional and subject to further adjudication.