MCX Q4 net up 16% to Rs 77 crore; total income rises 9%
Total income increased by nine per cent to Rs 169.04 crore from Rs 155.18 crore in the quarter ended March 31, 2012, a company statement said.
Multi-Commodity Exchange of India Ltd (MCX) today said its net profit increased by 16 per cent to Rs 76.62 crore in the fourth quarter ended March 31 from Rs 65.95 crore in the same period of last fiscal.
Also read: Sell MCX Gold June; target Rs 26100: Geojit ComtradeTotal income increased by nine per cent to Rs 169.04 crore from Rs 155.18 crore in the quarter ended March 31, 2012, a company statement said here.The leading commodity bourse's EBITDA (earnings before interest, taxes, depreciation and amortisation) rose by seven per cent to Rs 112.03 crore from Rs 105 crore a year ago.In FY13, MCX's total income went up by two per cent to Rs 644.69 crore from Rs 631.03 crore in FY 12, it said. Net profit increased by four per cent to Rs 298.64 crore from Rs 286.19 crore last fiscal.For the year ended March 31, 2013, EBITDA margin was 68 percent and PAT margin 46 per cent. The Board of Directors recommended a final dividend of 120 per cent on the face value of Rs 10 per share for the year ended March 31, 2013.The total dividend for FY13 (subject to the final dividend being approved by shareholders) is 240 per cent - Rs 24 per share on the face value of Rs 10 each. The exchange said its average daily turnover traded for FY13 stood at Rs 48,790 crore as against Rs. 50,313 crore in the previous fiscal.The total number of commodity futures contracts traded on the exchange for FY 13 stood at 375.05 million as against 389.85 million in FY12. "The global commodity markets witnessed a sharp dip in volumes due to low volatility in commodity prices resulting in low demand for risk management instruments.Despite an adverse business environment, MCX has maintained its profitability," MCX Managing Director and CEO Shreekant Javalgekar said. MCX's market share rose to 87.3 per cent from 86 per cent in the previous year and we retained the third position globally, he said.For CY2012, MCX was the world's largest exchange in gold and silver futures, second in copper and natural gas and third largest in crude oil futures, Javalgekar said. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
