Multi Commodity Exchange (MCX) reported a net profit of ₹160.04 crore for the December quarter of FY25, a significant turnaround from a loss of ₹5.35 crore in the same quarter last year. The improved performance was driven by higher revenue and reduced operational costs.
The total income for MCX jumped to ₹324.36 crore in the quarter against ₹209.26 crore during the year-ago period. The company has attributed the surge in income due to higher trading volumes besides efficiency in operation.
The exchange further cut its expenditure to ₹123.03 crore from ₹222.25 crore in Q3FY24, thereby enhancing profitability. MCX is the largest commodity exchange in India for all commodities other than agriculture, and this recent performance reflects it can work towards optimizing operations and catering to changing market demand.
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Source: Moneycontrol
News Desk
