logo
MMTC consolidated net profit declines 96.80% in the March 2025 quarter

MMTC consolidated net profit declines 96.80% in the March 2025 quarter

Sales decline 64.06% to Rs 0.23 crore
Net profit of MMTC declined 96.80% to Rs 2.23 crore in the quarter ended March 2025 as against Rs 69.78 crore during the previous quarter ended March 2024. Sales declined 64.06% to Rs 0.23 crore in the quarter ended March 2025 as against Rs 0.64 crore during the previous quarter ended March 2024.
For the full year,net profit declined 54.92% to Rs 86.63 crore in the year ended March 2025 as against Rs 192.18 crore during the previous year ended March 2024. Sales declined 49.63% to Rs 2.69 crore in the year ended March 2025 as against Rs 5.34 crore during the previous year ended March 2024.
Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 0.230.64 -64 2.695.34 -50 OPM % -11843.48-5123.44 - -5154.65-3044.01 - PBDT 13.9669.36 -80 133.14159.72 -17 PBT 12.4768.01 -82 128.63155.38 -17 NP 2.2369.78 -97 86.63192.18 -55

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How a Rs 50,000 Monthly SIP for 20 years can grow to Rs 5 crore, explains Vijay Kedia
How a Rs 50,000 Monthly SIP for 20 years can grow to Rs 5 crore, explains Vijay Kedia

Time of India

time22 minutes ago

  • Time of India

How a Rs 50,000 Monthly SIP for 20 years can grow to Rs 5 crore, explains Vijay Kedia

Ace investor Vijay Kedia shared on social media that investing Rs 50,000 monthly through SIPs over 20 years at a 12% CAGR can potentially grow to around Rs 5 crore. He added that it's the power of discipline and the magic of compounding that enable the creation of a substantial corpus over time. Also Read | Gold prices may fall 12-15% in next 2 months, warns Quant Mutual Fund Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like เทรดทองCFDsกับโบรกเกอร์ที่เชื่อถือได้| เปิดบัญชีวันนี้ IC Markets สมัคร Undo In a post on X, Kedia wrote, 'Invest Rs 50,000 per month in an SIP for 20 years at 12% CAGR, and it can grow to approximately Rs 5 crore. ( Power of discipline. Magic of compounding.)' Invest ₹50,000 per month in an SIP for 20 years at 12% CAGR, and it can grow to approximately ₹5 crore. (📈 Power of discipline. Magic of compounding.) #investors #investor #investing #investingstrategy #stock #stockmarket #stockmarketindia #stocks #share #sharemarket … — Vijay Kedia (@VijayKedia1) June 2, 2025 The ace investor shared his previous post, which mentioned that, 'Your salary of lakhs doesn't make you a millionaire, your savings of lakhs makes you a millionaire.' He further urged individuals to rethink how they manage money and avoid consumer-driven habits. Live Events He criticised the Western philosophy of "live for today," calling it a myth theory of consumerism. 'There is a theory in America that live for today, tomorrow never comes. This is an abhorrent theory,' he said, pointing out how such thinking leads to financial insecurity. According to Kedia, nearly 40% of Americans don't have even $1,000 to meet emergencies, largely because saving is not ingrained in their culture. Also Read | NFO Insight: Nippon Income Plus Arbitrage Active FoF opens. Is it time to add this emerging category to your portfolio? While countries like the US offer social security as a safety net, Kedia argued that relying on governments is no substitute for personal financial planning . Instead, he advocated for building wealth through consistent investments. He advised young earners to reduce discretionary spending — on parties, fashion, and brands — and redirect that money into savings. 'The first thing to do is reduce parties, spend less on fashion and brands, and save as much money as possible,' he said. In the end, Kedia added: 'Either you can have a lavish young age or you can have a lavish old age. Always keep this in mind.' ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Aequs files IPO papers via confidential filing route; seeks to raise up to $200 million
Aequs files IPO papers via confidential filing route; seeks to raise up to $200 million

Economic Times

time23 minutes ago

  • Economic Times

Aequs files IPO papers via confidential filing route; seeks to raise up to $200 million

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Aequs, a contract manufacturing firm for consumer durable goods and aerospace parts, has filed draft papers with the markets regulator Sebi through a confidential pre-filing route , with an aim to raise around USD 200 offer will comprise both a fresh issue of equity shares and an Offer For Sale (OFS) a pubic announcement on Tuesday, Aequs said it has pre-filed a Draft Red Herring Prospectus (DRHP) for an IPO on a confidential basis with the stock markets regulator Sebi and stock to people familiar with the development, the company is planning to launch an IPO worth USD 200 manage the offering, the company has appointed Kotak Mahindra Capital, JM Financial and IIFL board of directors of Aequs recently passed a resolution for approval to change its status from a private entity to a public had received significant equity infusion over the years from its promoters to scale up operations. Additionally, it has attracted global investors such as Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the family office of Infosys founder N R Narayana Murthy), Sparta Group and the investment office of Desh provides a fully vertically integrated, precision manufacturing ecosystem for the aerospace and consumer sectors. It runs manufacturing operations across three countries, India, France, and the USA, to provide supply chain efficiencies to its global customer base in multiple industry verticals. Further, it operates three manufacturing clusters (Belgavi, Hubballi & Koppal) in and CEO Aravind Melligeri has decades of experience in the aerospace segment and has been the co-founder of Quest Global the financial front, the company's total income was around Rs 988 crore in FY24, and the total operating income was Rs 970 has opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the DRHP until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO this month, Groww filed its IPO papers through the same route. In recent months, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah and Imagine Marketing, the parent company of wearables brand boAt, also chose confidential filings. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart floated their IPOs following similar hotel aggregator OYO had used this route in 2023 but did not proceed with its IPO. Tata Play, formerly Tata Sky, was the first Indian company to utilise the confidential filing option in December 2022 and received Sebi's observation letter in April 2023, though it later withdrew from the public experts note that the confidential pre-filing route offers companies greater flexibility and reduces the pressure to go public quickly. Unlike the traditional route, which requires companies to launch their IPOs within 12 months of receiving Sebi's approval, the pre-filing route extends this window to 18 months from the receipt of final comments. Additionally, firms can modify the primary issue size by up to 50 per cent until the updated DRHP stage. PTI

How a Rs 50,000 Monthly SIP for 20 years can grow to Rs 5 crore, explains Vijay Kedia
How a Rs 50,000 Monthly SIP for 20 years can grow to Rs 5 crore, explains Vijay Kedia

Economic Times

time24 minutes ago

  • Economic Times

How a Rs 50,000 Monthly SIP for 20 years can grow to Rs 5 crore, explains Vijay Kedia

Kedia criticised the Western philosophy of "live for today," calling it a myth of consumerism. Synopsis Ace investor Vijay Kedia emphasised the power of discipline and compounding, stating that a Rs 50,000 monthly SIP at 12% CAGR over 20 years can grow to around Rs 5 crore. In a social media post, he urged individuals to curb discretionary spending, save diligently, and focus on long-term wealth creation over consumer-driven lifestyles. Ace investor Vijay Kedia shared on social media that investing Rs 50,000 monthly through SIPs over 20 years at a 12% CAGR can potentially grow to around Rs 5 crore. ADVERTISEMENT He added that it's the power of discipline and the magic of compounding that enable the creation of a substantial corpus over time. Also Read | Gold prices may fall 12-15% in next 2 months, warns Quant Mutual Fund In a post on X, Kedia wrote, 'Invest Rs 50,000 per month in an SIP for 20 years at 12% CAGR, and it can grow to approximately Rs 5 crore. ( Power of discipline. Magic of compounding.)' blockquote class="twitter-tweet"p lang="en" dir="ltr"Invest ₹50,000 per month in an SIP for 20 years at 12% CAGR, and it can grow to approximately ₹5 Power of discipline. Magic of compounding.)a href=" a href=" a href=" a href=" a href=" a href=" a href=" a href=" a href=" a href=" a href=" Vijay Kedia (@VijayKedia1) a href=" 2, 2025/a/blockquote script async src=" charset="utf-8"/script The ace investor shared his previous post, which mentioned that, 'Your salary of lakhs doesn't make you a millionaire, your savings of lakhs makes you a millionaire.' He further urged individuals to rethink how they manage money and avoid consumer-driven habits. He criticised the Western philosophy of "live for today," calling it a myth theory of consumerism. 'There is a theory in America that live for today, tomorrow never comes. This is an abhorrent theory,' he said, pointing out how such thinking leads to financial insecurity. ADVERTISEMENT According to Kedia, nearly 40% of Americans don't have even $1,000 to meet emergencies, largely because saving is not ingrained in their culture. Also Read | NFO Insight: Nippon Income Plus Arbitrage Active FoF opens. Is it time to add this emerging category to your portfolio? ADVERTISEMENT While countries like the US offer social security as a safety net, Kedia argued that relying on governments is no substitute for personal financial planning. Instead, he advocated for building wealth through consistent investments. He advised young earners to reduce discretionary spending — on parties, fashion, and brands — and redirect that money into savings. 'The first thing to do is reduce parties, spend less on fashion and brands, and save as much money as possible,' he said. ADVERTISEMENT In the end, Kedia added: 'Either you can have a lavish young age or you can have a lavish old age. Always keep this in mind.' (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. NEXT STORY

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store