MCX surges over 6% intraday, ends 5% up as Q4 net profit rises 13% to Rs 49 crore

NEW DELHI: Leading commodity bourse MCX on Friday reported 12.68 per cent increase in its consolidated net profit at Rs 49.30 crore for the quarter ended March 31.

The stock ended the day at Rs 1,102.85; up 4.74%, on the BSE. It rallied over 6% in intraday deals.

The exchange had posted a net profit of Rs 43.75 crore in the same period in the previous fiscal year.

Net income declined to Rs 58.97 crore in the fourth quarter of the 2014-15 fiscal from Rs 63.95 crore in the year-ago period, MCX said in a BSE filing.

The total expenses were slightly lower at Rs 31.93 crore compared with Rs 32.91 crore, while finance costs remained in negative for the period under the review.

However for the full year, MCX reported 18 per cent fall in its consolidated net profit at Rs 125.05 crore as against Rs 152.76 crore in last fiscal.

Total income decreased by 24 per cent to Rs 332.27 crore from Rs 439.94 crore in the said period.

Meanwhile, MCX said that its board of directors have recommended a final dividend of 100 per cent on the face value of Rs 10 per share for the year ended March 31.