Total income during the quarter under review fell to Rs 282.96 crore from Rs 487.47 crore in the year-ago period.

Representative image

Representative image

Sate-run MOIL on Thursday reported a sharp fall of over 90 per cent in its consolidated net profit at Rs 13.47 crore for the quarter ended March 31, 2020, mainly on account of reduced income. The company had posted a net profit of Rs 139.63 crore during the same quarter a year ago, MOIL said in a BSE filing.

Total income during the quarter under review fell to Rs 282.96 crore from Rs 487.47 crore in the year-ago period.

Total expenses stood at Rs 261.34 crore as compared with Rs 293.48 crore in the year-ago quarter.

The company produces and sells different grades of manganese ore. It operates 10 mines, six of which are located in Nagpur and Bhandara districts of Maharashtra, while four are in Balaghat district of Madhya Pradesh.

Moneycontrol Ready Reckoner

Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.

Special Offer: Subscribe to Moneycontrol PRO at ₹1 per day for the first year. Coupon code: PRO365. Offer available on desktop & android only. *T&C Apply

First Published on Jun 18, 2020 10:36 pm

Read More

WP2Social Auto Publish Powered By : XYZScripts.com
Scroll Up