MMTC Q3 net dips 36 pc to Rs 24.91 cr

MMTC reported a 36.41 per cent dip in its net profit at Rs 24.91 crore for the third quarter ended December 31, 2008.

January 16, 2009 15:36 IST

State-run MMTC reported a 36.41 per cent dip in its net profit at Rs 24.91 crore for the third quarter ended December 31, 2008.

The public sector trading major had a net profit of Rs 39.17 crore in the third quarter of FY’08, MMTC said in a filing to the Bombay Stock Exchange.

The total income nearly doubled to Rs 9,763.57 crore for the quarter under review, from Rs 4,884.86 crore in the same period a year-ago.

For the first nine months of this fiscal, MMTC reported a 8.59 per cent growth in its net profit at Rs 125.45 crore. It had a net profit of Rs 115.53 crore in the same period last year.

Total income during the nine-month period rose 89.71 per cent to Rs 32,030.45 crore. Shares of MMTC were trading at Rs 16,825, up 0.36 per cent in the late afternoon trade on the BSE.

This article was first uploaded on January sixteen, twenty nine, at thirty-six minutes past three in the afternoon.