HMT back in black; posts Rs 48.61 cr profit for Q4

Image
Press Trust of India New Delhi
Last Updated : May 30 2016 | 10:42 PM IST
HMT Limited today posted a net profit of Rs 48.61 crore for the fourth quarter ended March, 31, 2016, against a loss of Rs 25.19 crore in the same period of previous year.
Total income from operations of HMT fell to Rs 8.93 crore during the January-March quarter, from Rs 15.32 crore in the corresponding quarter of 2015.
Its total expenses too declined to Rs 42.08 crore during the quarter under review, as against Rs 45.23 crore in the year-ago period.
The company reported 'other income' of Rs 91.08 crore for the last quarter of FY2015-16 against that of Rs 11.07 crore in the year ago period.
Shares of the Bangalore-headquartered company closed at Rs 40.05, down 0.74 per cent from previous close on BSE.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 30 2016 | 10:42 PM IST

Next Story