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.
