MMTC posts net profit of Rs 118.38 crore in Q4 of FY'22

MMTC posts net profit of Rs 118.38 crore in Q4 of FY’22

For the full financial year ended March 2022, MMTC posted a loss of Rs 262.38 crore against a loss of Rs 789.28 crore in the previous fiscal

PSU Watch Bureau

Published:9th Jul, 2022 at 3:01 PM

New Delhi: 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.

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.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

MMTC posts net profit of Rs 118.38 crore in Q4 of FY’22

For the full financial year ended March 2022, MMTC posted a loss of Rs 262.38 crore against a loss of Rs 789.28 crore in the previous fiscal

Also Read

EIL and NTPC ink MoA for quality assurance, inspection and engineering services

PESB recommends Jatinderjit Singh Mann as Director (Marketing) of MMTC Limited

Stock mkt benchmark indices trade higher tracking rally in global peers amid US Fed rate cut hopes

DoT comes out with draft rules for provision of main telecom services under new authorisation framework

Civil Aviation Minister holds review meeting with airline representatives