Stocks

MCX net up 7%, to pay ₹30 dividend

Our Bureau Mumbai | Updated on May 31, 2020 Published on May 31, 2020

File photo   -  BUSINESS LINE

MCX has reported that its net profit jumped 7 per cent in the March quarter to ₹65 crore against ₹61 crore logged in the same period last year due to higher trading volume and sharp jump in bullion prices.

Income during the quarter under review was up 22 per cent to ₹135 crore (₹111 crore).

The exchange will pay dividend of ₹30 a share.

The operating income registered a growth of 33 per cent to ₹105 crore (₹79 crore). EBITDA in the quarter increased 24 per cent to ₹70 crore (₹57 crore).

Net profit for the year ended March jumped 62 per cent to ₹236 crore (₹146 crore) while income was up 26 per cent at ₹503 crore (₹399 crore).

The exchange’s market share in commodity derivative space has increased to 94 per cent last fiscal against 91.60 per cent logged in FY2019.

The average daily turnover of commodity futures contracts increased by 26 per cent to ₹32,424 crore (₹25,648 crore).

Published on May 31, 2020
This article is closed for comments.
Please Email the Editor