MCX Q4 Results: Net profit at ₹88 crore vs loss of ₹5.4 crore, revenue down 35%; dividend declared

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₹87.8 crore during the January-March quarter of FY24. The exchange in the commodity derivatives market segment reported a 35% YoY rise in its revenue to ₹181.1 crore. MCX has declared a final dividend of ₹7.64 per equity share for FY24 on Tuesday, March 23.

India's largest exchange in the commodity derivatives market segment reported a net loss of ₹5.4 crore during Q3 FY24. Also Read: Q4 Results: ICICI Prudential reports narrower new business margin for FY 2024 Despite an annual rise in its revenue, the Mumbai-based exchange reported a 5.42% sequential decline in its revenue from ₹191.53 crore reported during the quarter ended in December. For the financial year 2024 (FY24), MCX reported a 44.2% decline in its net profit from ₹148.97 crore reported in FY 23.

MCX shares closed 3.20% higher at ₹4028.2 per share on BSE on Tuesday. Also Read: Tata Elxsi Q4 Results: Net profit drops 4.6% to ₹197 crore, revenue down 1%; dividend declared The Board of Directors of MCX recommended a final dividend of ₹7.64 per equity share for FY24. The recommended dividend will be approved by the shareholders at the 22nd Annual General Meeting.

The company has yet to announce the date of the AGM, record date and eligibility of shareholders. Also Read: Tata Consumer Products Q4 Results: Net profit drops 22% to ₹267 crore, revenue down 8.5% YoY; dividend declared “Recommended a final dividend of ₹ 7.64/- per equity share (face value of Rs.10/- each) for the Financial Year ended March 31, 2024. This proposal is subject to the approval of shareholders at the ensuing 22nd Annual General Meeting of the Company.