MMTC Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- MMTC Ltd reported a 20.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 44.2%.
- Its expenses for the quarter were down by 1.7% QoQ and 12.8% YoY.
- The net profit decreased 92.4% QoQ and decreased 93.4% YoY.
- The earnings per share (EPS) of MMTC Ltd - at - during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 35.31 | 44.58 | 63.33 | -20.8% | -44.2% |
Total Expenses | 32.36 | 32.93 | 37.09 | -1.7% | -12.8% |
Profit Before Tax | 3.00 | 39.40 | 26.25 | -92.4% | -88.6% |
Tax | 3.56 | 1.24 | 3.35 | 187.1% | 6.3% |
Profit After Tax | 3.66 | 48.05 | 55.71 | -92.4% | -93.4% |
Earnings Per Share | 0.00 | 0.30 | 0.40 | -100.0% | -100.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
MMTC Ltd, also known as the Metals and Minerals Trading Corporation of India, is one of the largest trading companies in the country. It operates primarily in the trading of minerals, metals, agro products, precious metals, coal, and hydrocarbons. As a public sector undertaking, MMTC plays a significant role in international trade, with a focus on promoting India's exports and imports across various sectors. Recently, there have been no significant developments publicly disclosed regarding the company's operations or strategic directions beyond what is generally known about its role in facilitating trade.
Revenue
In the third quarter of the financial year 2025 (Q3FY25), MMTC Ltd reported a total income of ₹35.31 crores. This marks a notable sequential decline from the ₹44.58 crores reported in the previous quarter (Q2FY25), representing a quarter-over-quarter (QoQ) decrease of 20.8%. Compared to the same quarter in the previous year (Q3FY24), where the income was ₹63.33 crores, the year-over-year (YoY) decline is 44.2%. Such fluctuations in revenue may be reflective of various factors, including market conditions, trading volumes, and pricing dynamics in the commodities market.
Profitability
For Q3FY25, MMTC Ltd's profit before tax (PBT) stood at ₹3.00 crores, experiencing a substantial decrease from ₹39.40 crores in Q2FY25. This indicates a QoQ decline of 92.4%. When compared to the PBT of ₹26.25 crores in Q3FY24, the YoY decline is 88.6%. The tax expense for the quarter was ₹3.56 crores, which shows a significant increase from the ₹1.24 crores in the preceding quarter, reflecting a 187.1% rise QoQ. Year-over-year, the tax increased by 6.3%. Profit after tax (PAT) was ₹3.66 crores for Q3FY25, down from ₹48.05 crores in Q2FY25, representing a 92.4% decrease QoQ, and a 93.4% decrease from ₹55.71 crores in Q3FY24.
Operating Metrics
MMTC Ltd's operating expenses for Q3FY25 were reported at ₹32.36 crores, showing a marginal reduction from ₹32.93 crores in Q2FY25, which equates to a 1.7% decrease QoQ. Compared to Q3FY24, where expenses were ₹37.09 crores, the YoY decrease stands at 12.8%. Earnings per share (EPS) for the current quarter is reported at ₹0.00, showing a significant decrease from ₹0.30 reported in Q2FY25 and ₹0.40 in Q3FY24, marking a decline of 100% in both QoQ and YoY terms. The reported figures indicate variability in core operational metrics, reflecting trends in trading volumes and margins.
