Leading commodity bourse Multi Commodity Exchange of India Ltd (MCX) on Tuesday posted over double spike in consolidated net profit to Rs 41.99 cr during Q3 ended 31-Dec 2018, led by strong revenue.
Net profit stood at stood at Rs 18.77 cr in the same quarter of the last fiscal, while net income increased on a consolidated basis to Rs109.10 cr from Rs76.52 crore, year-on-year. In the future segment, the average daily turn-over on the MCX advanced 31.56% to Rs 26614 cr during the Q32018-19 on year-on-year basis, MCX said in a filing.
In spite of reporting double-fold growth net profit, on Wednesday during first afternoon hours of trade, MCX Ltd share price trade lower at Rs 748.05, down Rs. 15.10 or 1.98%, from its previous close of Rs 763.15 on the NSE. The scrip touched a high and low of Rs 773.25 and Rs 746.25 respectively.
Meantime key benchmarks trade with higher volatility with Sensex sinking at 36383-marks up by 64 points and Nifty at 10908-level up by 21 points.