MCX shares gain nearly 5% as net profit rises

Shares of Multi Commodity Exchange of India rose nearly 5 per cent today after the commodity bourse reported 12.68 per cent increase in consolidated net profit for the quarter ended March 31.
MCX's scrip closed at Rs 1,102.85, up 4.74 per cent on the BSE. In intra-day, it rose by 8.6 per cent to Rs 1,143.55.
At the NSE, it gained 4.99 per cent to end at Rs 1,105.45.
The market capitalisation of the company moved up by Rs 255.36 crore to Rs 5,624.36 crore.
On the volume front, 2.53 lakh shares of the company changed hands at the BSE and over 10 lakh shares were traded at the NSE during the day.

Leading commodity bourse MCX today reported 12.68 per cent increase in its consolidated net profit at Rs 49.30 crore for the quarter ended March 31.

The exchange had posted a net profit of Rs 43.75 crore in the same period of previous fiscal.
Net income declined to Rs 58.97 crore in the fourth quarter of the 2014-15 fiscal from Rs 63.95 crore in the year-ago period, MCX said in a BSE filing.
The total expenses were slightly lower at Rs 31.93 crore as compared with Rs 32.91 crore, while finance costs remained in negative for the period under review.
However, for the full year, MCX reported 18 per cent fall in its consolidated net profit at Rs 125.05 crore as against Rs 152.76 crore in last fiscal.

Total income decreased by 24 per cent to Rs 332.27 crore from Rs 439.94 crore in the said period.
Meanwhile, MCX said that its board of directors has recommended a final dividend of 100 per cent on the face value of Rs 10 per share for the year ended March 31.