MMTC Share Price Soars Despite Disappointing Earnings; Stock Jumps 54% in May

Shares of state-owned trading giant MMTC Ltd. extended a winning streak for the third straight session on Friday, surging nearly 9% in morning trade. The continued rally adds to a remarkable run that has seen the stock defy weak financial results and broader market expectations.

On Thursday, MMTC shares skyrocketed over 13% intraday, even after the company reported dismal earnings for the March 2025 quarter. For the week, the stock has soared 36%, and MMTC is on track to close May with a 54.33% gain. This follows a 4.13% rise in April and a 6% uptick in March, marking a sharp reversal from the six-month slump the stock endured between August 2024 and February 2025.

The bullish sentiment comes despite MMTC posting a 96.8% decline in net profit for fourth quarter of financial year 2025, plunging to just Rs 2.23 crore from Rs 69.78 crore a year earlier. Revenue also collapsed, falling 64% to Rs 23 lakh, compared to Rs 64 lakh in the same quarter last year.

The company’s full-year performance paints a similarly grim picture with the net profit for financial year 2025 declining 54.9% to Rs 86.63 crore, and annual revenue dropped 49.6% to Rs 2.69 crore.

Shares of MMTC rose as much as 8.73% to Rs 88.19 apiece. It pared gains to trade 6.92% higher at Rs 86.72 apiece, as of 11:50 a.m. This compares to a 0.20% decline in the NSE Nifty 50.

It has risen 22.90% in the last 12 months and 18.99% year-to-date. Total traded volume so far in the day stood at 6 times its 30-day average. The relative strength index was at 88.50, indicating it was overbought.