MMTC shares are increasing more than 13% despite poor Q4 earnings | Einsmark news

Shares of state-owned trade firm MMTC rose by more than 13 percent in the inner-day trade on Thursday, May 29, which protested the market’s expectations after the company achieved disappointing financial results for the March 2025 quarter. The share rose as high as £ 78.59 on the NSE and suffered 13.2 percent during the session, despite the sharp decline in the company’s earnings and revenue. According to the regulatory filing of MMTC, the net profit for the quarter ended March 2025 by a staggering 96.8 percent dropped to just £ 2.23 crore, compared to £ 69.78 in the same quarter last year. The company also reported a 64 percent drop in turnover, which dropped to £ 0.23 crore of £ 0.64 crore in the previous year. The weakness was not limited to the quarterly performance. For the full financial year ended March 2025, MMTC achieved a 54.9 percent drop in net profit to £ 86.63, lower than £ 192.18 in FY24. Annual sales also had a sharp contraction of 49.6 percent, which dropped to £ 2.69 crore from £ 5.34 in the previous financial year. Share price trend despite these poor fundamentals, the investor sentiment around the share seemed resilient. The PSU share has jumped sharply in recent months – which suffered almost 38 percent in May, after a 7.7 percent increase in April and nearly 6 percent in March. This rally comes after the share remained under pressure for six months from August 2024 to February 2025. Currently, MMTC shares remain significantly below their 52-week peak of £ 131.88, which was hit in July 2024. But from its 52 -week low of £ 42.55, the stock is almost doubled, reflecting a strong recovery in investment interest. MMTC Limited, founded in 1963 and headquartered in New -Delhi, is a diversified trading business involved in the export and import of a wide range of commodities. The business spans Asia, Europe, Africa, Middle East, Latin America and North America. The company works on different verticals, including minerals, precious metals, coal, hydrocarbons, fertilizers, agro products and general trade. MMTC is also active in precious metals retail trade and owns a wind power project in Karnataka. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.