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Last Updated : Feb 13, 2017 08:51 PM IST | Source: PTI

MMTC's Q3 net profit triples to Rs 74 cr

The state-run trading firm MMTC today reported a net profit Rs 74 crore for the third quarter to December, much higher than the Rs 19.89 crore a year ago, on account of higher income.

 
 
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The state-run trading firm MMTC today reported a net profit Rs 74 crore for the third quarter to December, much higher than the Rs 19.89 crore a year ago, on account of higher income.


The company's net income from operations stood at Rs 4,949.74 crore as against Rs 3,635.4 crore in the corresponding quarter of the previous fiscal.


According to a regulatory filing, MMTC earned higher revenue from segments like fertiliser, precious metals, metals, minerals and coal and hydrocarbon. However, it earned lower revenue from the agro product business.

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MMTC's total expenses also shot up to Rs 4,933.62 crore during the quarter under review, as against Rs 3,622.49 crore in the year-ago period.

The stock closed at Rs 63, down 0.94 percent, from its previous close on BSE.

First Published on Feb 13, 2017 08:40 pm
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