MCX Q2 net up 6% at Rs 31 cr

Total income increased by 11% to Rs 90 cr

Multi Commodities Exchange (MCX) has earned a net profit of Rs. 31.03 crore, up 6 per cent year on year for the quarter ended September 30, 2015. The results were approved by the exchange in today's board meeting.

For the quarter, MCX's total income increased by 11 per cent to Rs. 90.14 crore from and

EBITDA increased by 6% to Rs. 47.38 crore from Rs. 44.70 crore for the corresponding quarter ended September 30, 2014.

Interestingly as per filing on BSE by the MCX, it has got a big relief from Mumbai high court in case of cancellation of the warrants it was holding in the Metropolitan Stock Exchange (earlier MCX-SX). As per Sebi directives, MCX had to sell those warrants by June this year. However it couldn't sell 41.6 crore warrants of Rs 1 face value.

MSEI later had cancelled those warrants. In a petition filed by the commodity exchange, HC asked MSEI to deposit value of warrants Rs.41.6 crore in the court till the matter is decided. If the final judgment comes in the MCX's favour, the money would be given back to MCX.