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MMTC Q3 net profit plunges to Rs 6 cr

Press Trust of India  |  New Delhi 

State-run and metals firm today reported a net profit of Rs 6.26 crore for the third quarter ended December 31, on account of lower income.

The net profit stood at Rs 74.43 crore in the year-ago period.

Total income from operations in the reported quarter stood at Rs 3,387.36 crore, as against Rs 4,961.54 crore in the corresponding period of the previous year.

However, total expenses also reduced to Rs 3,375.85 crore, as compared to Rs 4,936.83 crore, according to a regulatory filing.

MMTC's scrip closed at Rs 58.6, up 3.53 per cent, on BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 12 2018. 18:25 IST