MCX hits 52-week low on disappointing Q3 results

The stock hit a 52-week low of Rs 846, down 6% on BSE in intra-day trade after the company reported 45% decline in consolidated net profit at Rs 188 million in December 2017 quarter.

Multi Commodity Exchange of India (MCX) hit a 52-week low of Rs 846, down 6% on BSE in intra-day trade after the company reported 45% decline in consolidated net profit at Rs 188 million in December 2017 quarter (Q3FY18).  It had a profit of Rs 340 million in the same quarter last fiscal.

For Q3FY18, MCX's total income decreased by 23% to Rs 765 million from Rs 999 million over the previous quarter. While the operating revenue decreased by to Rs 610 million, the other income comprising primarily of treasury revenue halved to Rs 155 million on account of