HMT back in black; posts Rs 48.61 cr profit for Q4

HMT Limited today posted a net profit of Rs 48.61 crore for the fourth quarter ended March, 31, 2016, against a loss of Rs 25.19 crore in the same period of previous year.
Total income from operations of HMT fell to Rs 8.93 crore during the January-March quarter, from Rs 15.32 crore in the corresponding quarter of 2015.
Its total expenses too declined to Rs 42.08 crore during the quarter under review, as against Rs 45.23 crore in the year-ago period.
The company reported 'other income' of Rs 91.08 crore for the last quarter of FY2015-16 against that of Rs 11.07 crore in the year ago period.

Shares of the Bangalore-headquartered company closed at Rs 40.05, down 0.74 per cent from previous close on BSE.