New Delhi, Nov 15 (PTI) State-owned HMT Limited todayreported a net profit of Rs 59 lakh for the second quarterended September 30, mainly due to higher income fromoperations.
The company had posted a loss of Rs 28.89 crore in thecorresponding quarter last fiscal.
The Bengaluru-based manufacturing firm's total incomefrom operations increased to Rs 6.21 crore during the secondquarter from Rs 4.59 crore in the same period last year.
During the quarter under review, its total expensesreduced to Rs 5.26 crore compared to Rs 5.78 crore in theyear-ago period, the company said in a regulatory filing.
The tractor business of the company had been discontinuedas per the decision of the Cabinet Committee on EconomicAffairs in 2016-17.
The company's scrip closed at Rs 39.60, down 2.58 percent from its previous close on BSE. PTI RSNBAL.
This is unedited, unformatted feed from the Press Trust of India wire.