Moneycontrol
Kerala floods LIVE: Life coming back to normal as water recedes, ATM services resume in Idukki

or go to

Budget 2018
Last Updated : Jan 22, 2018 07:39 PM IST | Source: CNBC-TV18

Looking to launch crude, zinc, copper & silver in F&O: MCX

The Budget will take care of this year is the re-introduction of benefits under section 88E for our members. We believe this will go long way in terms of boosting both the volumes and the confidence in the overall commodity markets in terms of volume as well, said Mrugank Paranjpe, MD & CEO of MCX

CNBC TV18 @moneycontrolcom

Multi Commodity Exchange of India (MCX) posted a weak set of earnings in Q3; fall in margins as well as in revenue. Profit after tax (PAT) dipped by 45 percent while margins too took a hit. In an interview with CNBC-TV18, Mrugank Paranjpe, MD & CEO of MCX gave a detailed insight into this quarter's earnings.

Paranjpe said that the overall turnover down at 9 percent; Q3 usually a subdued quarter. However, metals have shown a healthy growth.

He further said that we are working to ensure that cost base remains flat.

We saw 10-12 percent rise in volumes in first ten days of 2018, he said.

We are looking to launch crude, zinc, copper and silver in Futures and Options (F&O), Paranjpe further mentioned.

"We believe that absolutely justified request and something which we are very hopeful, the Budget will take care of this year is the re-introduction of benefits under section 88E for our members. We believe this will go long way in terms of boosting both the volumes and the confidence in the overall commodity markets in terms of volume as well," he added.

Watch accompanying video for more details.

India Union Budget 2018: What does Finance Minister Arun Jaitley have up his sleeve? Click here for live Budget 2018 news, views and analyses.
First Published on Jan 17, 2018 10:22 am
Sections
Follow us on
Available On