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MMTC Ltd Q3FY24; 43% fall in Profits

MMTC, a public sector undertaking, was incorporated in 1963, to facilitate foreign trade in India and canalize the export and import of essential minerals and metals. It is under the administrative control of the Ministry of Commerce & Industry, and Government of India and is engaged in trading across minerals, metals, precious metals, agro products, fertilizers & chemicals and coal & hydrocarbons.

Financial Results:

MMTC Ltd reported Revenues for Q3FY24 of ₹1.00 Crores down from ₹763.00 Crore year on year, a fall of 99.87%.

Total Expenses for Q3FY24 of ₹37.00 Crores down from ₹791.00 Crores year on year, a fall of 95.32%.

Consolidated Net Profit of ₹56.00 Crores down 42.86% from ₹98.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.37, down 43.08% from ₹0.65 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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