On Friday, MMTC was gaining investors’ attention. On December 6, 2024, MMTC share price opened at ₹80.59, slightly up from its previous close of ₹80.18. At 11:55 AM, the share price of MMTC was trading at ₹84.60, up by 5.51% on the NSE.
As of 11:59 AM, the stock touched its day’s high at ₹85.88 and the market cap of the company was ₹12,664.50 crore.
For Q2 FY 2025, the company reported a total income of ₹44.58 crore, a significant recovery from a loss of ₹167.22 crore in Q2 FY 2024. For the half-year ended September 2024, total income surged to ₹183.33 crore, compared to ₹76.02 crore in the same period last year.
Net profit for Q2 FY 2025 stood at ₹48.05 crore, marginally lower than ₹52.04 crore in Q2 FY 2024. However, for the half-year ended September 2024, net profit increased to ₹80.74 crore from ₹66.69 crore in the previous year.
Established in 1963, MMTC is a public sector undertaking under the administrative control of the Ministry of Commerce & Industry, Government of India. It was founded to promote foreign trade in India and oversee the export and import of key minerals and metals. MMTC operates across diverse sectors, including minerals, metals, precious metals, agro-products, fertilisers, chemicals, and coal & hydrocarbons.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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