CMC Q3 net profit falls 3%

CMC Limited’s net profit for the October quarter fell 3.11 per cent to Rs 21.17 crore compared with Rs 21.85 crore in the corresponding quarter previous year.

MUMBAI: CMC Limited’s net profit for the October quarter fell 3.11 per cent to Rs 21.17 crore compared with Rs 21.85 crore in the corresponding quarter previous year.

Net sales increased to Rs. 273.20 crore in the same period from Rs. 247.76 crore the previous year.

On a consolidated basis, the company posted a net profit of Rs 21.90 crore for the October-December quarter against Rs. 23 crore in the same quarter previous year.

Net sales stood at Rs. 294.17 crore during the same period from Rs. 270.17 crore a year ago.

At 2 pm, the company’s shares declined 0.67 per cent to Rs 1229.
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