MCX at new high post Q2 earnings

The board has declared an interim dividend of Rs 12 per share (120%) of face value of Rs 10 each for the current financial year 2012-13.

Multi Commodity Exchange of India (MCX) is trading higher by 3.3% at Rs 1,466, a record high since its listing in March 2012, after the board declared an interim dividend of Rs 12 per equity share (120%) of face value Rs 10 each for the current financial year 2012-13.

India’s largest commodity exchange has reported 26% quarter-on-quarter (q-o-q) growth in its standalone net profit at Rs 84.41 crore for the second quarter ended September 2012. Total income grew 13% to Rs 165 crore on sequential basis.

“The EBITDA or operating margin improved to 70% in September quarter from 68% in previous quarter and PAT margin to 49% from 44% during the recently concluded quarter,” MCX said in a statement.

 

The stock opened at Rs 1,418 has seen over two-fold jump in trading volumes. A combined 244,134 shares have already changed hands on the counter so far against an average 112,096 shares that were traded daily in past two weeks.