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        News and Press Release

        MMTC achieves record performance during 2018-19

        May 30, 2019

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        During the year 2018-19, revenue from operations increased by 76% to ₹ 28979 crore from ₹ 16451 crore during last year. The Gross Profit from Operations for 2018-19 increased by 42% to ₹ 474 crore from ₹ 333 crore during last year. Profit after tax increased by 67% to ₹ 81.43 crore from ₹ 48.84 crore during last year on standalone basis.

        The company has reported consolidated Profit after Tax of ₹ 108.72 crore as against ₹ 37.52 crore during last year. MMTC has further recommended dividend @30% on paid up equity shares capital for the year 2018-19.

        Dividend recommendation after strong corporate financial results leads to proposed shareholder payout and increased profitability. MMTC reported substantial year-on-year increases in operating revenue, gross profit from operations, and profit after tax on both standalone and consolidated bases, and the board recommended a thirty percent dividend on paid-up equity capital for 2018-19.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Dividend recommendation after strong corporate financial results leads to proposed shareholder payout and increased profitability.

                                MMTC reported substantial year-on-year increases in operating revenue, gross profit from operations, and profit after tax on both standalone and consolidated bases, and the board recommended a thirty percent dividend on paid-up equity capital for 2018-19.


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