Stocks

MCX net down 22%

Our Bureau Mumbai | Updated on January 19, 2018 Published on February 05, 2016

MCX recorded 22 per cent decline in December net profit at ₹18 crore against ₹23 crore registered in the same period last year, largely due to lower income from operations.

Expenses rise

Total income during the quarter was up marginally at ₹77.45 crore from ₹77.08 crore for the corresponding quarter ended December 31, 2014.

Operating profit margin was down 8 per cent at ₹41 crore (₹45 crore). MCX’s net profit declined because expenses rose to ₹43 crore from ₹39 crore in the said period. MCX transferred ₹6 crore to Investors Protection Fund in the December quarter. The exchange has shown the fund transferred to IPF as an exception item in its balance sheet.

On Friday, MCX shares closed down 0.23 per cent at ₹814.45, on the BSE.

Published on February 05, 2016
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