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MMTC Q2 net profit plunges to Rs 10.45 crore

Total expenses reduced to Rs 1,434.51 crore as compared to Rs 4,931 crore a year ago

Press Trust of India  |  New Delhi 

MMTC
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State-run trading firm MMTC's net profit plunged to Rs 10.45 crore for the second quarter ended September as against Rs 44.6 crore in the year-ago period.

The company's net from operations during the quarter under review stood at Rs 1,405.97 crore, much lower than Rs 4,896.36 crore in the corresponding period last year.



However, its total expenses also reduced to Rs 1,434.51 crore as compared to Rs 4,931 crore a year ago, according to a regulatory filing.

The company did not provide the consolidated on a quarterly basis for the September-end quarter.

MMTC's scrip was down 0.45 per cent at Rs 54.70 at the day's close on the

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MMTC Q2 net profit plunges to Rs 10.45 crore

Total expenses reduced to Rs 1,434.51 crore as compared to Rs 4,931 crore a year ago

Total expenses reduced to Rs 1,434.51 crore as compared to Rs 4,931 crore a year ago State-run trading firm MMTC's net profit plunged to Rs 10.45 crore for the second quarter ended September as against Rs 44.6 crore in the year-ago period.

The company's net from operations during the quarter under review stood at Rs 1,405.97 crore, much lower than Rs 4,896.36 crore in the corresponding period last year.

However, its total expenses also reduced to Rs 1,434.51 crore as compared to Rs 4,931 crore a year ago, according to a regulatory filing.

The company did not provide the consolidated on a quarterly basis for the September-end quarter.

MMTC's scrip was down 0.45 per cent at Rs 54.70 at the day's close on the
image
Business Standard
177 22

MMTC Q2 net profit plunges to Rs 10.45 crore

Total expenses reduced to Rs 1,434.51 crore as compared to Rs 4,931 crore a year ago

State-run trading firm MMTC's net profit plunged to Rs 10.45 crore for the second quarter ended September as against Rs 44.6 crore in the year-ago period.

The company's net from operations during the quarter under review stood at Rs 1,405.97 crore, much lower than Rs 4,896.36 crore in the corresponding period last year.

However, its total expenses also reduced to Rs 1,434.51 crore as compared to Rs 4,931 crore a year ago, according to a regulatory filing.

The company did not provide the consolidated on a quarterly basis for the September-end quarter.

MMTC's scrip was down 0.45 per cent at Rs 54.70 at the day's close on the

image
Business Standard
177 22