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HMT Ltd swings into black, logs Rs 59 lakh profit in Q2

Press Trust of India  |  New Delhi 

State-owned Limited today reported a net profit of Rs 59 lakh for the second quarter ended September 30, mainly due to higher from operations.

The company had posted a loss of Rs 28.89 crore in the corresponding quarter last fiscal.

The Bengaluru-based manufacturing firm's total from operations increased to Rs 6.21 crore during the second quarter from Rs 4.59 crore in the same period last year.

During the quarter under review, its total expenses reduced to Rs 5.26 crore compared to Rs 5.78 crore in the year-ago period, the company said in a regulatory filing.

The tractor business of the company had been discontinued as per the decision of the Cabinet Committee on Economic Affairs in 2016-17.

The company's scrip closed at Rs 39.60, down 2.58 per cent from its previous close on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 15 2017. 19:02 IST