Mercator Apr-Jun quarter net profit at Rs 17 cr

Mercator Ltd today reported a consolidated net profit of Rs 16.61 crore for the quarter ended June 30.

The company has posted a net loss after taxes, minority interest and share of loss associates of Rs 35.40 crore in the year-ago period, Mercator Ltd said in a BSE filing.

Income from operations declined to Rs 584.16 crore from Rs 718.37 crore in the year-ago period.

Total expenses reduced to Rs 500.05 crore as against Rs 707.50 a year ago.

Mercator is present across the energy value chain with shipping and dredging, providing end-to-end solutions to clients, comprising storage, transportation, logistics and port infrastructure.