STC reports Rs 1.31 cr profit in Q3

Image
Press Trust of India New Delhi
Last Updated : Feb 09 2016 | 9:57 PM IST
Swinging into black, State Trading Corporation today reported a net profit of Rs 1.31 crore for the December quarter on the back of lower expenses.
The company had reported a net loss of Rs 6.53 crore in the year-ago period, it said in a regulatory filing.
Its total income from operations in the quarter under review declined sharply to Rs 3,031 crore, as against Rs 4,777 crore in the year-ago period.
The company's total expenses also reduced significantly to Rs 3,002 crore during the October-December quarter, down from Rs 4,743 crore in the corresponding quarter of last fiscal.
Shares of the company closed at Rs 125.30, down 1.10 per cent from the previous close on the 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: Feb 09 2016 | 9:57 PM IST

Next Story