Shares of Multi Commodity Exchange of India Ltd (MCX), the country’s largest commodity exchange, saw gains on Monday following the announcement of strong financial results for the June quarter. The company’s net profit surged over four times to ₹111 crore, compared to ₹20 crore in the same period last year, driven by higher trading volumes.
MCX reported a 54% increase in income, reaching ₹228 crore from ₹148 crore in the previous year. The company’s EBITDA also saw significant growth, jumping to ₹151 crore from ₹31 crore.
In addition to its financial performance, MCX’s Board approved a further investment of ₹10 crore in its associate company, India International Bullion Holding IFSC, by subscribing to a rights issue of 20 crore equity shares.
As of 12:20 PM, MCX shares were trading 1.38% higher at ₹4,197.30 on the NSE. The exchange reported an increase in average daily options turnover to ₹1.47 lakh crore, up from ₹61,928 crore, and a rise in futures turnover to ₹25,985 crore from ₹21,413 crore.
