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MCX India Shares Surge On Stellar Q1 Results With Profits Climbing 500%


Shares of MCX India, the Multi-Commodity Exchange of India, jumped in trade today, surged 8%, touching an intra-day high of Rs. 881.45 on the BSE. The shares closed at a price of Rs. 813.55 apiece on Tuesday. On the NSE, the stock made an intra-day high of Rs. 882 per share.

MCX India Shares Surge On Stellar Q1 Results

The company reported a near 500% jump in net profit at Rs 43.70 crore in the first quarter as against Rs 7.33 crore for the corresponding quarter a year ago. The company's total income increased 30% to Rs 110.84 crore in Q1 from Rs 85.43 crore YoY. EBITDA rose 58% to Rs 59.09 crore from Rs 37.47 crore YoY and EBIDTA margin stood at 53%.

Last the shares of MCX quoted at Rs. 867.85, up 6.67% on the BSE.

Read more about: mcx q1 results net profit
Story first published: Wednesday, July 17, 2019, 12:03 [IST]
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