Shares of MMTC Ltd declined over 3% in Friday’s session following a significant drop in its Q3FY25 earnings. The company’s net profit fell 93.43% YoY to ₹3.66 crore from ₹55.71 crore in the corresponding quarter last year.
Revenue also witnessed a sharp decline of 65.75% YoY, standing at ₹0.25 crore compared to ₹0.73 crore in Q3FY24. The company’s performance was impacted by weaker operational metrics, leading to a subdued market reaction.
At the operating level, increased costs and lower revenues have pressured the company’s profitability. The stock, which closed at ₹61.66 in the previous session, fell over 3% to ₹59.78 during early trade.
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