Multi Commodity Exchange of India (MCX) today posted four percent growth in net profit at Rs 64.74 crore for the first quarter ended June 30,compared to the same quarter in the previous year.
MCX net profit for the first quarter of FY12 stood at Rs 62.03 crore,the exchange said in a release issued here.
For the quarter ended June 30,MCX’s total income increased by six percent to Rs 146.23 crore compared to Rs 138.39 crore for the corresponding quarter last year.
“Notwithstanding the global economic slowdown and its impact on the Indian economy,MCX has shown a steady performance in the first quarter of FY13 with an operating margin of 68 percent and 40 percent growth in terms of number of contracts traded on the Exchange. Inspite of adverse circumstances,the market share of MCX has increased to 87.2 percent in Q1 FY13 from 86 percent in FY12,” MCX Managing Director and CEO Shreekant Javalgekar said.
The average daily turnover on the Exchange has increased by eight percent to Rs 47,888 crore in Q1 of FY13 from Rs 44,188 crore in the corresponding quarter last year.
The total number of commodity futures contracts traded on the Exchange for the quarter ended June 30,increased by 40 percent to 98.28 million from 70.27 million in the corresponding quarter of FY 2011-12.