MCX reports two-fold jump in Q2 net at Rs71.75 cr

Multi Commodity Exchange (MCX) on Tuesday reported an over two-fold jump in net profit at Rs71.75 crore for the quarter ended September 2019. Its net profit stood at Rs35.93 crore in the year-ago quarter, the company said in a regulatory filing.

Total income increased 55 per cent to Rs144.53 crore in the second quarter of the current fiscal from Rs93.27 crore in the comparable quarter of the previous fiscal.
The average daily turnover trade in commodity futures on the exchange increased 40 per cent to Rs34,526 crore in Q2 FY20 from Rs24,655 crore in the corresponding quarter of 2018-19.
The average daily turnover in commodity futures increased by 27 per cent to Rs31,054 crore during the first half of the fiscal (April-September 2019-20) from Rs24,506 crore during the corresponding period of FY 2018-19.
In the first six months, the MCX's markets share in commodity derivatives increased to 92.87 per cent from 91.4 per cent in the corresponding period of FY2019.