State-run trading firm MMTC today reported a 16.7 per cent decline in net profit at Rs 40.73 crore for the quarter ended September 30.
Its net profit was Rs 48.9 crore in July-September 2009.
However, the total income increased to Rs 16,855.08 crore in the September 2010 quarter.
In the year ago period its total income stood at Rs 9,456.16 crore, MMTC said in a filing to the Bombay Stock Exchange.
The shares of the company were trading at Rs 1,292 per piece, down 0.08 per cent from the previous close.
The trading firm is a likely candidate for disinvestment and the government may reduce its stake in the company in the next financial year.
