Categories AlphaGraphs, Earnings, Industrials

MSTC Ltd Q2FY24; 14% 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 Q2FY24 of ₹188.00 Crores up from ₹175.00 Crore year on year, a rise of 7.43%.

Total Expenses for Q2FY24 of ₹133.00 Crores down from ₹195.00 Crores year on year, a fall of 31.79%.

Consolidated Net Profit of ₹55.00 Crores down 14.06% from ₹64.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹7.86, down 13.05% from ₹9.04 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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