New Delhi, Oct 13 (PTI) Leading commodity exchange MCXtoday posted 24.75 per cent fall in standalone net profit toRs 28.33 crore for the quarter ended September 30 of 2017-18fiscal.
The company had clocked a net profit of Rs 37.65 crore inthe year-ago period, it said in a BSE filing.
Net income declined to Rs 89.82 crore in July-Septemberof this fiscal from Rs 95.43 crore in the same period lastyear.
Expenses rose to Rs 50.99 crore from Rs 44.36 crore inthe said period, the filing added.
MCX offers a platform for commodities derivative trading.
It has more than 80 per cent market share at present. Maximummetals are traded on futures segment. It is launching optiontrade in gold on Dhanteras, October 17.
"This quarter saw a broad base volume growth across thetraded commodities," MCX Managing Director and CEO MrugankParanjape said in a statement.
Overall, the company is happy that the commodity marketswitnessed progressive regulatory and policy developmentsduring the first half of this fiscal, he said. PTI LUXANU.
This is unedited, unformatted feed from the Press Trust of India wire.