Swinging into black, state-owned HMT today reported a net profit of Rs 4.35 crore for the third quarter ended December 31, on the back of higher income from operations.
The Bengaluru-headquartered firm had reported a net loss of Rs 68.4 crore in the corresponding quarter of 2016-17.
Total income from operations rose to Rs 8.14 crore from Rs 5.59 crore in the year-ago period. However, total expenses also shot up to Rs 7.59 crore as against Rs 5.32 crore.
The company's scrip closed at Rs 31, up 3.16 per cent from previous close on BSE.
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