MCX’s profit after tax rises 29% to Rs 72 crore in December quarter

Multi Commodity Exchange mcx




The Multi Commodity Exchange of India (MCX) on Thursday reported a 29.20 per cent rise in its consolidated profit after tax (PAT) to Rs 71.80 crore for the December 2020 quarter.


Its PAT had stood at Rs 55.57 crore during the third quarter of 2019-20, the said in a BSE filing.



The commodity exchange’s consolidated operating revenue grew 7 per cent to Rs 100.90 crore during the December 2020 quarter, compared to Rs 94.11 crore in the year-ago period.


Its average daily turnover in commodity futures, including index futures, rose 4 per cent to Rs 32,181 crore, against Rs 30,854 crore a year ago.


The group’s operations, revenue and profit during the current quarter were not materially impacted due to COVID-19 as some essential services, including commodity markets, were allowed to operate and were exempted from the lockdown.


However, from March 30 to April 22, 2020, the commodity market hours were restricted between 9 am and 5 pm and normal market hours were restored from April 23, 2020, that is from 9 am to 11.30 pm, it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Share via
Copy link
Powered by Social Snap