Friday, May 15, 2015

MCX Q4 net up 13% at Rs. 49 cr; board proposes 100% final dividend

Leading commodity bourse MCX today reported 12.68 per cent increase in its consolidated net profit at Rs. 49.30 crore for the quarter ended March 31, 2015.

The exchange had posted a net profit of Rs. 43.75 crore in the same period previous fiscal.

Net income declined to Rs. 58.97 crore during the fourth quarter of the 2014-15 fiscal from Rs. 63.95 crore in the year-ago period, MCX said in a BSE filing.

The total expenses were slightly lower at Rs. 31.93 crore compared with Rs. 32.91 crore, while finance costs remained in negative for the period under the review.

However for the full year, MCX reported 18 per cent fall in its consolidated net profit at Rs. 125.05 crore against Rs. 152.76 crore last fiscal.

Total income decreased by 24 per cent to Rs. 332.27 crore from Rs. 439.94 crore.

Meanwhile, MCX said that its board of directors has recommended a final dividend of 100 per cent on the face value of Rs. 10 per share for the year ended March 31, 2015.

MCX shares were trading up by 6.58 per cent at Rs. 1,122.25 apiece at 11.30 am on the BSE.

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