Multi Commodity Exchange of India Ltd.'s net profit doubled on a sequential basis in the third quarter of the current financial year. The company reported a consolidated net profit of Rs 401 crore in the October-December period, compared to Rs 197 crore in the preceding quarter, according to a stock exchange filing on Friday.
Revenue from operations jumped 78%to Rs 666 crore versus Rs 374 crore in Q2.
Operational performance improved significantly, with earnings before interest, tax, depreciation and amortisation doubling to Rs 495 crore from Rs 244 crore. Ebitda margin expanded to 74.4% from 65.1%.
Shares of MCX settled 1.4% lower at Rs 2282.65 on the BSE, ahead of the results, compared to a 0.9% decline in the benchmark Sensex. The stock is 96% on a 12-month basis.
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