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MMTC declares Financial Results for Half Year ended on September 30, 2019

MMTC has declared its financial results for the half-year ended on 30th September, 2019.The Company has achieved Revenue from Operations of INR 13176 crore as against the revenue of INR 12511 crore during the corresponding period last year, registering a growth of 5% over the same. The Company has also posted a Net Profit of INR 43.28 crore during the recent period as compared to Net Profit of INR 41.62 crore during the corresponding period in FY 2018-19, registering an increase of 4% over the latter.

Revenue from Exports increased by 384% to INR 862 crore as compared to INR 178 crore while Revenue from Imports increased by 25% to INR 10756 crore as compared to INR 8619 crore during the corresponding period in FY 18-19. This performance could be achieved in spite of adverse global market scenario and through overall reduction in overheads and other costs.

Publish Date: 14-11-2019

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Last Updated on 06-12-2019