MCX Q3 net profit up over 10 pc at Rs 75.87 cr

NEW DELHI: The country's leading commmodity bourse MCX today clocked a little over 10 per cent rise in its net profit at Rs 75.87 crore during the third quarter of the current fiscal.

Net profit stood at Rs 68.79 crore in the same quarter last year, the exchange said in a filing to the Bombay Stock Exchange ( BSE).

However, net income declined by 3.59 per cent to Rs 129.92 crore during the quarter ended December 31, last year from Rs 134.77 crore in the year-ago period.

Separately in a statement, MCX CEO and Managing Director Shreekant Javalgekar said: "The Exchange has maintained a steady financial performance with a Y-o-Y growth of 10 per cent in net profit during the quarter."

For the nine months ended December 31, 2012, MCX's net profit rose marginally to Rs 222.02 crore from Rs. 220.24 crore in the corresponding period last year.

The net income during the first nine months of the current fiscal declined to Rs 394.46 crore from Rs 418.34 crore in the year-ago period.

MCX offers futures trading in bullion, metals and agri commodities on its platform.

The shares of the exchange declined by 1.57 per cent to settle at Rs 1398.45 on the BSE platform today.