Mercator turns black in Q3

01 Feb 2014

Mercator has reported results for third quarter ended December 31, 2013.

The company has reported a net profit of Rs 13.43 crore for the quarter as compared to net loss of Rs 21.25 crore for the same quarter in the previous year. Total income from operations of the company has increased by 9.78% at Rs 129.90 crore for quarter under review as compared to Rs 143.98 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported a net profit after taxes and Minority Interest of Rs 17.15 crore for the quarter as compared to net loss of Rs 229.26 crore for the same quarter in the previous year. Total income from operations of the group has increased by 17.34% at Rs 949.66 crore for quarter under review as compared to Rs 809.35 crore for the quarter ended December 31, 2012.

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