State Trading Corporation (STC) today reported a sharp decline of about 62 per cent in its net profit to Rs 1.53 crore for the quarter ended December 31, 2012.
The company’s net profit stood at Rs 3.98 crore during the same quarter last fiscal, said the company in a filing to the Bombay Stock Exchange (BSE).
The company, which sells items including commodities, chemicals and drugs, witnessed a drop in its total income to Rs 6,600 crore during October-December quarter 2012, from Rs 7,120 crore in the year-ago period, the filing stated.
Shares of the company today closed at Rs 231.35 apiece on the BSE, up 2.75 per cent from their previous day’s close.