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MMTC Q1 net profit doubles to Rs 27.69 cr

PTI New Delhi
Updated: 14-08-2019 17:54 IST
MMTC Q1 net profit doubles to Rs 27.69 cr

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 Devdiscourse staff and is auto-generated from a syndicated feed.)