Latest News | MMTC Posts Q4 Net Profit of Rs 118.38 Crore
Get latest articles and stories on Latest News at LatestLY. State-owned mining and metals firm MMTC on Friday reported a consolidated net profit of Rs 118.38 crore for the fourth quarter ended March against a loss of Rs 597.17 crore in the year-ago period.
New Delhi, Jul 8 (PTI) State-owned mining and metals firm MMTC on Friday reported a consolidated net profit of Rs 118.38 crore for the fourth quarter ended March against a loss of Rs 597.17 crore in the year-ago period.
During the January-March quarter, its total income stood at Rs 2,260.81 crore compared to Rs 9,314.17 crore, according to a regulatory filing.
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However, its total expenses also reduced significantly to Rs 1,801.71 crore during the quarter under review against Rs 9,394.64 crore, as per the BSE filing.
For the full financial year ended March, MMTC posted a loss of Rs 262.38 crore against a loss of Rs 789.28 crore in the previous fiscal.
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)