MMTC Limited (Metals and Minerals Trading Corporation of India) is a premier public sector enterprise under the Ministry of Industry and Trade, Government of India. Established in 1963, MMTC is India’s largest international trading company and one of Asia’s leading trading organizations. The Government of India holds a significant stake in the company, holding approximately 89.93% of its paid-up share capital.
Core Business Areas
Minerals: Export of ores such as iron ore and manganese
Precious Metals: Import and retail of gold and silver
Metals: Trade in ferrous and non-ferrous metals.
Agro Products: Trade in agricultural commodities like wheat, rice, corn, soybeans, edible oils, and pulses
Fertilizers: Import and distribution of various fertilizers
Coal & Hydrocarbons: Import of coal and other hydrocarbon products.
General Trade: Engagement in various other trading activities
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Additionally, MMTC has significant presence in the bullion market through its joint venture with PAMP SA of Switzerland, forming MMTC-PAMP. This venture operates India’s only London Bullion Market Association (LBMA)-accredited gold and silver refinery, ensuring high-quality precious metal products.
Recent Financial Performance
In the fourth quarter of fiscal year 2025, MMTC reported a substantial decline in financial performance
Revenue: Decreased by 64% year-on-year to ₹0.23 crore
Net Profit: Plummeted by 96.8% to ₹2.23 crore.
Annual Performance: For FY25, net profit stood at ₹86.63 crore, down 54.9% from the previous year, while revenue dropped 49.6% to ₹2.69 crore
DIGI MARCH STORE PRINT ON DEMAND
Stock Market Activity
Despite the weak quarterly results, MMTC’s stock experienced a significant surge
- May 29, 2025: Shares jumped over 13% in intra-day trading, closing at ₹78.59 on the NSE.
- Monthly Performance: The stock has rallied 38% in May, indicating renewed investor interest .
This stock performance shows that despite the investments and challenges, one can be optimistic about MMTC’s future prospects or potential strategic growth
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