Later, the commerce ministry in a statement said that during 2018-19, revenue from operations increased by 76 per cent to Rs 28,979 crore.
Gross profit from operations increased by 42 per cent to Rs 474 crore in the last fiscal.
"The company has reported consolidated profit after tax of Rs 108.72 crore as against Rs 37.52 crore during last year. MMTC has further recommended dividend at 30 per cent on paid up equity share capital for the year 2018-19," it added.
Shares of MMTC Thursday closed at Rs 27.45 apiece on the BSE, up 1.29 per cent from its previous close.