MMTC Revenue from exports increased by 384%

Metals and Minerals Trading Corporation of India (MMTC) declared its financial results for the half year ended on 30th September, 2019.The company has achieved revenue from operations of ₹ 13176crore as against the revenue from operations of ₹ 12511 crore during the corresponding period last year registering a growth of 5% over the same period last year.

MMTC has posted a net profit of ₹ 43.28 crore during the period as compared to the net profit of ₹ 41.62 crore during the same period last year registering anincrease of 4% over the same period last year.

Revenue from exports increased by 384% to ₹ 862 crore as compared to ₹ 178 crore during the corresponding period last year.

Revenue from imports increased by 25% to ₹ 10756 crore as compared to ₹ 8619 crore during the corresponding period last year.

Other income increased by 105% to ₹ 21 crore as compared to ₹ 10 crore during the corresponding period last year.

These achievements have been made inspite of adverse global market scenario and by overall reduction in overheads and other costs.