MCX Q4 Net Profit Rises 13 Per cent to Rs 49 Crore

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    New Delhi, May 15 (PTI) Leading commodity bourse MCX today reported 12.68 per cent increase in its consolidated net profit at Rs 49.30 crore for the quarter ended March 31.

    The exchange had posted a net profit of Rs 43.75 crore in the same period in the previous fiscal.

    Net income declined to Rs 58.97 crore in the fourth quarter of the 2014-15 fiscal from Rs 63.95 crore in the year-ago period, MCX said in a BSE filing.

    The total expenses were slightly lower at Rs 31.93 crore compared with Rs 32.91 crore, while finance costs remained in negative for the period under the review.

    MCX Q4 Net Profit Rises 13 Per cent to Rs 49 Crore
    Multi Commodity Exchange of India: Quotes, News
    BSE 855.25BSE Quote1.45 (-0.17%)
    NSE 854.15NSE Quote0.85 (-0.10%)

    However for the full year, MCX reported 18 per cent fall in its consolidated net profit at Rs 125.05 crore as against Rs 152.76 crore in last fiscal.

    Total income decreased by 24 per cent to Rs 332.27 crore from Rs 439.94 crore in the said period.

    Meanwhile, MCX said that its board of directors have recommended a final dividend of 100 per cent on the face value of Rs 10 per share for the year ended March 31.

    The shares of the exchange were trading up by 6.58 per cent at Rs 1,122.25 apiece at 1130 hrs on the BSE. 

    PTI

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