MCX posts 16% jump in Q4 net profit

Leading commodity bourse MCX today posted 16% rise in net profit at Rs 76.62 crore for the quarter ended March 31, this year.

The exchange had a profit of Rs 65.95 crore in the same quarter last year, MCX said in a filing to the BSE.

Total income increased to Rs 126.65 crore in the fourth quarter of the 2012-13 fiscal, as against Rs 125.12 crore in the year-ago period.

For the full 2012-13 fiscal, the exchange's consolidated net profit grew marginally to Rs 299.15 crore as against Rs 286.71 crore in the previous year.

Its net income, however, fell to Rs 523.96 crore from Rs 545.10 crore in the review period.

The exchange said that the average daily turnover traded on MCX in the 2012-13 fiscal declined to Rs 48,790 crore as against Rs 50,313 crore in the previous year.

The total number of commodity futures contracts traded on the exchange were also down at 37.5 crore as against 38.98 crore in the previous year.

As per the Forward Markets Commission data, the value of turnover trade on MCX represented 87.3% during 2012-13 fiscal.