MCX shares plunge 8% after Q4 results
[hfe_template id='11223']
[ad_1]
Shares of Multi Commodity Exchange of India (MCX) plunged 8% to Rs 3,715 in Wednesday's intraday trade on BSE following the company's report of positive but below-estimate numbers for the quarter ended March 2024. Its net profit for the January-March quarter of FY24 stood at Rs 87.8 crore, compared to Rs 5.4 crore in the same period of FY23. Meanwhile, its operating revenue climbed 35% to Rs 181.14 crore in Q4 against Rs 133.75 crore in the March 2023 quarter. EBITDA came at Rs 120.33 crore in Q4 against Rs 22.15 crore in the corresponding quarter of the previous fiscal. The MCX saw its margins expand sharply to 56.3% from 1.6% during the same period of the previous fiscal. Also Read: How GQG's $11 billion India empire is growing fast beyond Adani The company also declared a final dividend of Rs 7.64 per equity share for FY24.The recommended dividend will be approved by the shareholders at the 22nd Annual General Meeting. The ...