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MMTC Q1 net profit doubles to Rs 27.69 cr

Press Trust of India  |  New Delhi 

State-owned mining and metals firm MMTC on Wednesday reported doubling of its consolidated net profit to Rs 27.69 crore in April-June quarter on the back of increase in revenue from fertiliser and precious metals segments.

The company had posted a net profit of Rs 13.66 crore during the corresponding period of the previous year, MMTC said in a regulatory filing to the BSE.

The company's total income in the reported quarter stood at Rs 7,216.07 crore as compared with Rs 5,182 crore in the year-ago period.

Its total expenses also rose to Rs 7,191.95 crore from Rs 5,169.43 crore a year ago.

Shares of MMTC on Wednesday closed 2.71 per cent higher at Rs 18.95 apiece on the BSE.

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

First Published: Wed, August 14 2019. 17:45 IST
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