State-owned MMTC Limited today reported a standalone net profit of Rs 12.82 crore for the quarter ended March 2018.
The company had posted a net loss of Rs 20.82 crore in the same period of the last fiscal, MMTC said in a BSE filing.
Total income for January-March 2018 period stood at Rs 3,110.71 crore, higher than the Rs 2,545.37 crore in the corresponding period of the last fiscal, it added.
For the full 2017-18 fiscal, MMTC posted a consolidated net profit of Rs 37.52 crore compared to a net loss of Rs 29.76 crore in the previous fiscal.
Total income, on consolidated basis, stood at Rs 16,496.67 crore in 2017-18, up from Rs 11,871.83 crore in the previous financial year.
The company's board has recommended a dividend of Re 0.30 per share for year ended March 31, 2018 on equity share capital as on March 31, 2018 which works out to Re 0.20 per share post bonus share allotted on May 7, 2018, the filing said.
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