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MSTC Ltd Q1FY24; 6% fall in Profits

MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc. The company is owned and controlled by the Government of India.

Financial Results:

MSTC Ltd reported Revenues for Q1FY24 of ₹179.00 Crores down from ₹181.00 Crore year on year, a fall of 1.1%.

Total Expenses for Q1FY24 of ₹119.00 Crores up from ₹114.00 Crores year on year, a rise of 4.39%.

Consolidated Net Profit of ₹51.00 Crores down 5.56% from ₹54.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹7.19, down 6.74% from ₹7.71 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.

Tags: Metal
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