MMTC drops after dismal Q4 results

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Capital Market
Last Updated : May 31 2013 | 10:31 AM IST

The Q4 result was announced after market hours on Thursday, 30 May 2013.

Meanwhile, the S&P BSE Sensex was down 263.77 points or 1.3% at 19,951.63.

On BSE, 22,000 shares were traded in the counter as against average daily volume of 2.58 lakh shares in the past one quarter.

The stock hit a high of Rs 226 and low of Rs 220 so far during the day. The stock had hit a 52-week low of Rs 193.35 on 1 April 2013. The stock had hit a 52-week high of Rs 890 on 5 July 2012.

The stock outperformed the market over the past one month till 30 May 2013, surging 6.82% compared with the Sensex's 3.65% rise. The scrip had, however, underperformed the market in past one quarter, sliding 47.04% as against Sensex's 7.18% surge.

The large-cap company has equity capital of Rs 100 crore. Face value per share is Re 1.

MMTC reported net loss of Rs 70.62 crore for the year ended 31 March 2013 (FY 2013), as against net profit of Rs 70.72 crore for the year ended 31 March 2012 (FY 2012). Net sales declined 56.9% to Rs 28415.62 crore in FY 2013 over FY 2012.

State-run MMTC is India's largest international trading company. MMTC is the largest non-oil importer in India.

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First Published: May 31 2013 | 9:51 AM IST

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