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MCX rallies 9% to hit 2-year high on strong September quarter results

The company's consolidated net profit doubled to Rs 72 crore in September quarter (Q2FY20), on the back of higher turnover.

MCX
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MCX building in Mumbai

SI Reporter Mumbai
Shares of Multi Commodity Exchange of India (MCX) hit a two-year high of Rs 1,108, up 9 per cent on the BSE on Wednesday after the company’s consolidated net profit doubled to Rs 72 crore in September quarter (Q2FY20), on the back of higher turnover. It had posted profit of Rs 36 crore in the year-ago quarter. The stock was trading at its highest level since October 23, 2017.

In Q2FY20, MCX's operating income registered a growth of 41 per cent to Rs 100 crore from Rs 71 crore in the corresponding quarter of the previous fiscal. EBITDA (earnings

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