State-owned MMTC Limited today reported a standalone net profit of Rs 12.82 crore for the quarter ended March 2018.
The company had posted a net loss of Rs 20.82 crore in the same period of the last fiscal, MMTC said in a BSE filing.
Total income for January-March 2018 period stood at Rs 3,110.71 crore, higher than the Rs 2,545.37 crore in the corresponding period of the last fiscal, it added.
For the full 2017-18 fiscal, MMTC posted a consolidated net profit of Rs 37.52 crore compared to a net loss of Rs 29.76 crore in the previous fiscal.
Total income, on consolidated basis, stood at Rs 16,496.67 crore in 2017-18, up from Rs 11,871.83 crore in the previous financial year.
The company's board has recommended a dividend of Re 0.30 per share for year ended March 31, 2018 on equity share capital as on March 31, 2018 which works out to Re 0.20 per share post bonus share allotted on May 7, 2018, the filing said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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