MCX surges after robust Q1 numbers

Multi Commodity Exchange of India advanced 7.02% to Rs 870.65 at 10:13 IST on the BSE after consolidated net profit increased 496% to Rs 43.70 crore on 30% rise in total income to Rs 110.84 crore in Q1 June 2019 over Q1 June 2018.

Meanwhile, the S&P BSE Sensex was up by 91.48 points or 0.23% to 39,222.29.

On the BSE, 87000 shares were traded in the counter so far compared with average daily volumes of 20000 shares in the past two weeks. The stock had hit a high of Rs 874.15 and a low of Rs 820.10 so far during the day. It hit a 52-week high of Rs 917 on 6 August 2018 and a 52-week low of Rs 643.5 on 19 February 2019.

The average daily turnover (ADT) on the exchange increased by 12.8% to Rs 27,473 crore in Q1 June 2019 over Q1 June 2018.

Earnings before Interest Tax Depreciation and Amortization (EBITDA) increased by 58% to Rs 59.09 in Q1 June 2019 over Q1 June 2018. EBITDA margin stood at 53% while profit after tax margin was at 39%.

Multi Commodity Exchange of India Limited (MCX) is India's first listed, national-level, electronic exchange. It is also the first exchange to introduce commodity options in India

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