MCX shares plunge 5% on 45% fall in Q4 profit

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New Delhi | Updated: May 6, 2016 5:12:35 PM

Shares of Multi Commodity Exchange of India (MCX) dipped 5 per cent intraday after the commodity exchange on Thursday reported 45.02 per cent year-on-year (yoy) fall in net profit figures at Rs 27.10 crore for the quarter ended March 2016.

bse sensex mcx sharesMCX shares dipped 5 per cent intraday after the commodity exchange on Thursday reported 45.02 per cent year-on-year (yoy) fall in net profit figures at Rs 27.10 crore for the quarter ended March 2016.

Shares of Multi Commodity Exchange of India (MCX) dipped 5 per cent intraday after the commodity exchange on Thursday reported 45.02 per cent year-on-year (yoy) fall in net profit figures at Rs 27.10 crore for the quarter ended March 2016.

It had posted a net profit of Rs 49.30 crore in the same quarter a year ago.

Higher expenses dented bottomline of MCX. Total expenditure of MCX surged 63.64 per cent yoy to Rs 41.91 crore in the quarter under review.

However, gross sales of the company jumped marginally 3.54 per cent yoy to Rs 55.60 crore from Rs 53.70 crore in the same period last year.

For the financial year ended March 2016, net profit MCX fell 66.22 per cent to Rs 42.48 crore from Rs 125.77 crore last year.

At 12.21 pm, shares of MCX were trading 4.26 per cent down at Rs 877.40. The scrip opened at Rs 873 and has touched a high and low of Rs 887.80 and Rs 867, respectively, in trade so far. Later, the share price of the company closed 3.25 per cent down at Rs 886.60.

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