MCX Q4 profit jumps 78.47pc on higher income

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Press Trust of India New Delhi
Last Updated : Apr 25 2019 | 7:40 PM IST

Leading commodity bourse MCX Thursday reported a 78.47 per cent jump in consolidated net profit at Rs 60.95 crore for the fourth quarter of 2018-19 on higher income.

Net profit stood at Rs 34.15 crore in the year-ago period, the exchange said in a BSE filing.

Total income increased to Rs 110.80 crore during the January-March quarter of 2018-19 from Rs 96.58 crore in the same quarter previous financial year.

The company incurred Rs 58.09 crore expenses against Rs 51.25 crore in the said period.

For the full 2018-19 fiscal, the MCX posted 35 per cent increase in its net profit at Rs 146.24 crore, as compared with Rs 108.36 crore in the previous financial year.

Commenting on the performance, the company Managing Director and CEO Mrugank Paranjape said, "With a record annual market share of 91.6 per cent, and year-on-year growth of 21 per cent in its average daily turnover (ADT), MCX has rounded off a remarkable Q4 and also a highly successful FY2019."

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First Published: Apr 25 2019 | 7:40 PM IST

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