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This is an archive article published on May 24, 2012

MCX posts Rs 66 cr net profit in Q4

Multi Commodity Exchange said its net profit on standalone basis jumped 20.

Multi Commodity Exchange of India Ltd MCX today said that its net profit on standalone basis jumped 20 percent to Rs 65.95 crore for the quarter ended March 31,2012 against Rs 54.94 crore for the corresponding quarter last year.

MCX8217;s total income increased by 19 percent to Rs 154.71 crore during the reporting quarter against Rs 129.95 crore in the corresponding quarter last year,a company statement said.

EBITDA increased by 26 percent to Rs 105.00 crore from Rs 83.33 crore.

For the full year,MCX8217;s total income increased by 41 percent to Rs 628.91 crore from Rs 447.29 crore for the corresponding period last fiscal.

EBITDA for the year increased by 62 percent to Rs 437.38 crore from Rs 270.14 crore for the corresponding period last fiscal.

Net profit excluding exceptional items increased by 71 percent to Rs 295.87 crore Y-o-Y with net profit margin of 47 percent for FY 2011-12.

Net profit for the year increased by 66 percent to Rs 286.19 crore against Rs 172.82 crore last fiscal. MCX posted consolidated net profit of Rs 286.53 crore in FY 12 as against rs 173.09 crore in the FY 11.

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The board of directors recommended a final dividend of 60 percent on the face value of Rs 10 per share for the year.

The total dividend for the year is 240 percent.

8220;MCX8217;s financial performance during FY 2011-12 has been strong with its net profit excluding exceptional items increasing by 71 percent over the last fiscal. The total dividend paid out during the fiscal also increased 4.8 times,as compared to the previous year. We have been able to retain our leadership in the Indian Commodity futures market with a market share of 86 per cent,MCX MD amp; CEO Lamon Rutten said.

 

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