M M T C said its net loss for the quarter ended June 2016 has narrowed to Rs 70.10. During the quarter, the in the same quarter last year.
Revenues for the quarter rose 36.68% to Rs 27,821.80 million, compared with Rs 20,356 million for the prior year period.
Operating margin for the quarter stood at negative 0.95 percent as compared to a negative 2.14 percent for the previous year period. Operating loss for the quarter was Rs 263.40 million, compared with an operating loss of Rs 434.70 million in the previous year period.
Earnings per share stood negative at Rs 0.07 compared with negative Rs 0.31 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 27,821.80 | 20,355.60 | 36.68 |
| Net Profit | (70.10) | (305.50) | - |
| Diluted EPS | (0.07) | (0.31) | - |
Shares of the company gained Rs 1.8, or 3.96%, to trade at Rs 47.20. The total volume of shares traded was 241,483 at the BSE (10.25 a.m., Thursday).
