MMTC has reported results for first quarter ended June 30, 2015.
The company has reported a net loss of Rs 31.22 crore for the quarter ended June 30, 2015 as compared to a net profit of Rs 40.77 crore for the same quarter in the previous year. The company’s total income has decreased by 60.43% to Rs 2064.88 crore for the quarter under review from Rs 5217.71 crore for the corresponding quarter of the previous year.
MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary.
