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MMP Industries Limited's Board Meeting has approved the standalone and consolidated financial results for the quarter and nine months ended December 31, 2024. Notably, revenue from operations rose to ₹16,839 million, up from ₹14,087 million year-on-year, while net profit after tax amounted to ₹879 million compared to ₹686 million in the same quarter last year. The company reported a positive outlook, suggesting resilience in its operations and pursuit of growth.
In strategic developments, MMP Industries plans to invest ₹387 crore in manufacturing Low Voltage Power Cables (LVPC) and an additional ₹40 crore towards Open Access Solar Power in alignment with state incentives and its environmental goals. Furthermore, the appointment of M/s. Nitin Alshi & Associates as internal auditors for FY 2025-26 is a proactive step towards enhancing governance and internal controls. Overall, these initiatives position the company favorably for future growth and investor interest.