MMTC's revenue from operations increase by 76% during 2018-19

The Gross Profit from Operations for 2018-19 increased by 42% to Rs 474 crore from Rs 333 crore during last year.

During the year 2018-19, revenue from operations increased by 76% to Rs 28979 crore from Rs 16451 crore during last year. The Gross Profit from Operations for 2018-19 increased by 42% to Rs 474 crore from Rs 333 crore during last year. Profit after tax increased by 67% to Rs.81.43 crore from Rs.48.84 crore during last year on a standalone basis.

The company has reported consolidated Profit after Tax of Rs 108.72 crore as against Rs 37.52 crore during last year. MMTC has further recommended dividend @30% on paid-up equity shares capital for the year 2018-19.

(With Inputs from PIB)