scorecardresearch

MCX Q1 net down 7% at Rs 60.12 cr

Total income increased by 3 per cent to Rs 151.35 crore during the April-June period of this financial year, from Rs 146.92 crore in the same period last fiscal, the company said in a filing to the BSE.

Multi Commodity Exchange (MCX) reported a 7 per cent fall in net profit at Rs 60.12 crore in the first quarter ended June 30 due to flat sales and higher expenses.

The company had clocked net profit of Rs 64.73 crore in the same quarter a year ago.

Total income increased by 3 per cent to Rs 151.35 crore during the April-June period of this financial year, from Rs 146.92 crore in the same period last fiscal, the company said in a filing to the BSE.

Profit came down during the quarter as total expenses of the company increased to Rs 67.98 crore from Rs 54.79 crore during the period under review.

The average daily turnover of the country's leading commodity exchange in Q1 increased to Rs 48,700 crore as against Rs 47,888 crore in the year-ago period.

MCX Manging Director and CEO Shreekant Javalgekar said: "MCX retained its leadership position with an improved market share of over 90 per cent in Q1 FY'14 up from 87.2 per cent in Q1 FY'13."