19 Jan 2020 | 5:14 AM

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COMPANYNEWS
MCX Q2 net profit jumps 85.32% at Rs 62.73 cr
  Multi Commodity Exchange of India Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-17-2019
The company reported standalone net profit of Rs 62.73 crore for the quarter ended September 30 2019 as compared to Rs 33.85 crore in the same period last year registering a year-on-year growth of 85.32 per cent.


Net revenue of the company rose substantially by 39.41 per cent at Rs 98.80 crore in July-September quarter of this fiscal as against Rs 70.87 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 13.56 per cent to Rs 54.52 crore from Rs 48.01 crore in year ago period.


Other Income grew by 104.56 per cent at Rs 39.46 crore versus (Sep`18 Rs 19.29 crore).


Operating Profit surged by 93.70 per cent to Rs 44.28 crore as against Rs 22.86 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 38.93 per cent in September quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore while Taxation increased by 273.61 per cent at Rs 16.85 crore (Sep`18 Rs 4.51 crore).