MCX disclosed 55 percent rise in net profit to Rs 32.81 crore for the June 30 quarter end. It had noted a net profit of Rs 21.22 crore in the April- June period of the last financial year. Income from operations showed a considerable rise to Rs 62.98 crore in the first quarter of 2016-17 from Rs 56.21 crore in the year-ago period. Its total income followed the same track and increased by 23 percent to Rs 93.79 crore during April-June quarter of this fiscal from Rs 76.17 crore in the same period of previous year.
During the first quarter, MCX discussed that its market share in commodity derivative space has increased to 88.20 percent from 80.55 percent in the corresponding quarter of last financial year. The average daily turnover traded on the Exchange has increased by 16 percent to Rs 24,591 crore in Q1 of FY 2017 from Rs 21,217 crore in the same quarter of Q1 of FY2016.
At 9.26 am MCX share price is trading at Rs, 1005.70, up by 1.74%. Around 56,378 shares were traded in the counter till this time.
Total number of commodity futures contracts traded on the exchange for the quarter ended Q1 of FY2017grew by 29 percent to 62 million from 48 million in the same quarter of Q1 of 2015-16 financial year. According to MCX MD & CEO, Mrugank Paranjape informed that the company has made noteworthy investments in human resources and technology, and are keen to seek newer avenues for revenues as they strive to keep up the momentum of their investments in strategic resources. The company’s priority is to continue leveraging their strengths as well as their leadership position in the industry for the benefit of our stakeholders.
MCX share price touched its 52 week value at Rs. 1,114.00 on 28TH July ‘16 while the 52 week low value is seen at Rs. 725.00 on 17th Feb ‘16.
No comments:
Post a Comment