[ad_1]
Last Updated: November 08, 2023, 15:45 IST
State-owned MOIL on Wednesday posted an over two-fold growth in its net profit to Rs 61.52 crore for the September quarter, helped by higher income. It had clocked Rs 27.34 crore net profit in the year-ago period, the company said in a regulatory filing.
Total income rose to Rs 368 crore, over Rs 256.82 crore in the same quarter a year ago. The company’s expenses stood at Rs 286.43 crore, as against Rs 229.82 crore in the year-ago quarter.
MOIL, under the Ministry of Steel, meets about 46 per cent of the total requirement of dioxide ore in the country.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)
[ad_2]
Source link
