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MCX Q1 net profit drops 20.06% at Rs 26.30 cr

Press Trust of India  |  New Delhi 

Leading commodity bourse today posted a 20.06 per cent fall in consolidated net profit at Rs 26.30 crore in the first quarter of this fiscal.

The exchange had posted Rs 32.90 crore in the April-June quarter of the last financial year.

Net declined to Rs 87.24 crore on a consolidated basis in the first quarter of the 2017-18 financial year from Rs 93.91 crore in the year-ago period, the exchange said in a filing.

Expenses remained higher at Rs 51.11 crore as against Rs 45.79 crore in the said period.

has more than 85 per cent share in the commodity futures market. If offers futures trading in bullion, metals and some agricultural commodities.

of the company closed 1.20 per cent down at Rs 1,078.90 on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 13 2017. 19:22 IST