Commodities Buzz: MCX Records 55% Spurt In March Quarter Net Profit

Multi Commodity Exchange of India, Indias largest commodity exchange, recorded 55% jump in its March quarter net profit at Rs 34 crore against Rs 22 crore logged in same period last year, on back of higher trading volume. Income from operations was up 13% at Rs 71 crore. Earnings before interest, tax, depreciation and amortisation increased by 31% to Rs 49 crore. EBITDA margin came in at 51%. However, for the year ended March, the exchanges net profit was down nearly 15% to Rs 108 crore as the daily turnover on the exchange dropped.