India: Mercator Posts Financial Results for Quarter Ended June 2012

Mercator Limited announced its un-audited financial results for the quarter ended June 30, 2012.

The total consolidated income for the Q1FY13 was Rs. 1095 Cr. against Rs. 799 Cr. during Q1FY12 recording an increase of 37% on YOY basis.

The operating profit (PBIDT) at Rs. 182 Cr increased by 18% compared to Rs. 154 Cr during Q1FY12. The consolidated net profit after tax and minority interest increased by 13% from Rs. 15 Cr in Q1FY12 to Rs. 17 Cr in Q1FY13.

BUSINESS COMMENTARY / HIGHLIGHTS:

The segmentwise revenue and its contribution to total income were as under:

Mercator group has diversified business interests in coal, oil & gas, commodity transportation and dredging.
Mercator group’s enterprising spirit has made a mark in commodity transportation of crude oil, petroleum products, coal, iron-ore, with capacity expansion of more than 1200% since 2003. Mercator aims to continue this legacy of growth in its focus on the business of energy based resources especially coal mining and oil & gas exploration and services.

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Dredging Today Staff, August 14, 2012; Image: mercator