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Multi Commodity Exchange has reported 7 per cent increase in September quarter net profit at ₹29 crore (₹27 crore) as it managed to bring down expenses by cutting on software support charges.
The exchange’s income from operations fell 38 per cent to ₹50 crore (₹81 crore). Software charges, paid largely to its erstwhile promoter Financial Technologies, was down 44 per cent at ₹9 crore (₹16 crore), which led to a similar fall in total expenses at ₹43 crore (₹77 crore).
MCX has written to the capital market regulator SEBI to retain its investment in MCX Stock Exchange and MCX-SX Clearing Corporation. The exchange has invested ₹138 crore to buy 2.72 crore equity shares and 63.42 crore warrants of MCX Stock Exchange, besides 65 lakh equity shares of MCX-SX Clearing Corporation. The shares of MCX were down 0.68 per cent ₹838.
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