MCX Q4 net profit rises 13% to Rs 49 crore

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

New Delhi: Leading commodity bourse MCX reported 12.68 percent 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.

However for the full year, MCX reported 18 percent 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 percent 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 percent at Rs 1,122.25 apiece at 1130 hrs on the BSE.

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