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Leading commodity exchange MCX has posted 24.75 per cent fall in standalone net profit at Rs 28.33 crore for the quarter ended September 30 of 2017-18 fiscal.
It had clocked a net profit of Rs 37.65 crore in the year-ago period, MCX said in a BSE filing today.
Net income declined to Rs 89.82 crore in July-September of this fiscal from Rs 95.43 crore in the same period last year.Expenses rose to Rs 50.99 crore from Rs 44.36 crore during the period, the filing added.
“This quarter saw a broad base volume growth across the traded commodities,” MCX Managing Director and CEO Mrugank Paranjape said in a statement.
Overall, the company is happy that the commodity markets witnessed progressive regulatory and policy developments during the first half of this fiscal, he said.
MCX offers a platform for commodities derivatives trading. It has more than 80 per cent market share at present. Maximum metals are traded on the futures segment. It is launching options trade in gold on Dhanteras, October 17.
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