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MCX Q2 net profit slides by 24.75%

 PTI |  2017-10-13 16:37:59.0

MCX Q2 net profit slides by 24.75%

New Delhi: Leading commodity exchange MCX on Friday posted 24.75 per cent fall in standalone net profit to Rs 28.33 crore for the quarter ended September 30 of 2017-18 fiscal. The company had clocked a net profit of Rs 37.65 crore in the year-ago period, it said in a BSE filing.

Net income declined to Rs 89.82 crore in July-September of this fiscal from Rs 95.43 crore in the same period last year. Expenses rose to Rs 50.99 crore from Rs 44.36 crore in the said period, the filing added.
MCX has more than 80 per cent market share at present. Maximum metals are traded on futures segment. It is launching option trade in gold on Dhanteras, October 17.
"This quarter saw a broad base volume growth across the traded commodities," MCX Managing Director and CEO Mrugank Paranjape said.
Overall, the company is happy that the commodity markets witnessed progressive regulatory and policy developments during the first half of this fiscal, he said.

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