 "MCX declares higher dividend despite fall in profit")
In the board meeting held today, Multi commodities exchange, the only listed exchange has today recommended a final dividend of Rs 6.5 per equity share of face value Rs 10 each (i.e. 65%). This is despite net profit (consolidated) for the year ended FY16 fell to Rs 42.4 crore from Rs 125.4 cr in the year-ago period. However its consolidated income from operations have increased marginally from Rs 222.5 crore to Rs 234.9 crore in FY16.
Meanwhile MCX has conducted stress test for the quarter ended March 31, 2016, to determine adequacy of the Settlement Guarantee Fund (SGF). The SGF being adequate, no fresh contributions from the profits have been made.
