MMTC strengthens on reporting over 14 fold jump in Q4 net profit

MMTC is currently trading at Rs. 94.55, up by 3.75 points or 4.13% from its previous closing of Rs. 90.80 on the BSE. The scrip opened at Rs. 91.60 and has touched a high and low of Rs. 96.20 and Rs. 91.60 respectively. So far 681063 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 231.75 on 30-May-2013 and a 52 week low of Rs. 37.15 on 05-Aug-2013. Last one week high and low of the scrip stood at Rs. 102.35 and Rs. 83.75 respectively. The current market cap of the company is Rs. 9300.00 crore. The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.25% and 2.75% respectively. MMTC has has registered over 14 fold jump in its net profit at Rs 32.73 crore for the quarter ended March 31, 2014 as compared to Rs 2.21 crore for the same quarter in the previous year. However, total income of the company decreased by 40.85% at Rs 4288.39 crore for quarter under review as compared to Rs 7250.14 crore for the quarter ended March 31, 2013. For the full year ended March 31, 2014, the company has posted net profit of Rs 18.64 crore as compared to the net loss of Rs 70.62 crore for the same period in the previous year. However, total income has decreased by 11.84% at Rs 25491.85 crore for year under review as compared to Rs 28916.27 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has reported net loss of Rs 18.16 crore as compared to the net loss of Rs 110.65 crore for the same period in the previous year. Total income of company has decreased by 14.56% at Rs 28382.23 crore for year under review as compared to Rs 33219.33 crore in the previous fiscal.