MCX drops after reporting weak Q4 results

Multi Commodity Exchange of India fell 4.08% to Rs 879 at 10:50 IST on BSE after net profit fell 45.02% to Rs 27.10 crore on 2.6% rise in total income from operations to Rs 60.50 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after trading hours yesterday, 5 May 2016.

Meanwhile, the BSE Sensex was down 138.70 points, or 0.58%, to 25,116.55.

On BSE, so far 22,756 shares were traded in the counter, compared with an average volume of 42,438 shares in the past one quarter. The stock hit a high of Rs 884.90 and a low of Rs 869.50 so far during the day. The stock had hit a 52-week high of Rs 1,188.60 on 23 July 2014. The stock had hit a 52-week low of Rs 726 on 12 February 2016. The stock had outperformed the market over the past one month till 5 May 2016, gaining 11.25% compared with the Sensex's 1.52% gains. The scrip had also outperformed the market in past one quarter, rising 12.52% as against Sensex's 2.62% gains.

The mid-cap company has equity capital of Rs 51 crore. Face value per share is Rs 10.

Multi Commodity Exchange of India's board of directors recommended a final dividend of Rs 6.50 per share for the year ended 31 March 2016 (FY 2016).

MCX is India's first listed, national-level, electronic, commodity futures exchange with permanent recognition from the Government of India.

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