MCX Jul-Sept net profit dips 9% to Rs 81 crore

MCX Jul-Sept net profit dips 9% to Rs 81 crore New Delhi: Commodity bourse MCX has posted a nine percent decline in standalone net profit to Rs 81.40 crore for the second quarter ended September 30.

The company had posted a net profit of Rs 89.41 crore in the same period last year, the exchange said in a statement.

Income from operations fell to Rs 136.42 crore in the July-September quarter of the current fiscal from Rs 161.29 crore in the year-ago period.

In a board meeting held yesterday, MCX declared an interim dividend of Rs 12 per share.

MCX holds a market share of over 75 percent of the Indian commodity futures market. It offers futures trading in both agriculture and non-agriculture items.

The exchange witnessed trading volume in the range of Rs 6,00,000-7,00,000 crore during the second quarter of the current fiscal, the statement said.