MMTC rises on reporting consolidated net profit of Rs 118 crore in Q4
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MMTC is currently trading at Rs. 39.70, up by 0.10 points or 0.25% from its previous closing of Rs. 39.60 on the BSE.
The scrip opened at Rs. 39.80 and has touched a high and low of Rs. 40.05 and Rs. 39.35 respectively. So far 111136 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 64.80 on 31-Jan-2022 and a 52 week low of Rs. 31.15 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 43.00 and Rs. 39.15 respectively. The current market cap of the company is Rs. 5962.50 crore.
The promoters holding in the company stood at 89.93%, while Institutions and Non-Institutions held 2.63% and 7.45% respectively.
MMTC has reported net profit of Rs 111.27 crore for the quarter ended March 31, 2022 as compared to net loss of Rs 594.41 crore for the same quarter in the previous year. However, total income of the company decreased by 85.73% at Rs 1,175.42 crore for Q4FY22 as compared Rs 8,236.82 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net profit of Rs 118.38 crore for the quarter ended March 31, 2022 as compared to net loss of Rs 597.17 crore for the same quarter in the previous year. However, total income of the company decreased by 75.73% at Rs 2,260.81 crore for Q4FY22 as compared Rs 9,314.17 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported net loss of Rs 241.93 crore as compared to net loss of Rs 769.69 crore for the previous year. Total income of the company decreased by 68.03% at Rs 8,447.73 crore for year under review as compared to Rs 26,423.80 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported net loss of Rs 262.38 crore as compared to net loss of Rs 789.28 crore for the previous year. Total income of the company decreased by 60.65% at Rs 11,813.97 crore for year under review as compared to Rs 30,019.14 crore for year ended March 31, 2021.
