MCX surges 8% after reporting six-fold jump in Q1 net profit

Shares of Multi Commodity Exchange of India (MCX) surged 8 per cent to Rs 881 on the BSE in the intra-day trade on Wednesday after the company reported consolidated net profit of Rs 44 crore for June quarter (Q1FY20), on higher trading volume and other income. It had reported profit of Rs 7 crore in the year-ago quarter.

Operational revenue during the quarter under review grew 9 per cent to Rs 79 crore on year on year (YoY) basis. Other income more than doubled to Rs 31 crore as against Rs 12 crore logged in the corresponding quarter of the