MCX shares fell 8% after quarterly results, know the reason
MCX Share: MCX published the results for the December quarter last week. The price of MCX shares has decreased today following these quarterly findings. Its stock price has dropped by over 8% today. A net loss of Rs 5.3 crore was reported by the multi-commodity exchange, as opposed to a profit of Rs 39 crore during the same period last year.
The Multi Commodity Exchange (MCX) last week disclosed its results for the December quarter. The business claimed that they were forced to incur losses as a result. MCX shares have decreased as of today. Over 8% of MCX shares have decreased during today's trading session.
On the BSE, the company's shares are down 8.34% at Rs 3,511.30. MCX shares are down 8.22 per cent, trading at Rs 3,515 a share on the NSE.
The BSE Sensex was down 197.73 points, or 0.28 per cent, at 71,397.76 in the morning trade, while the NSE Nifty was down 0.34 per cent at 21,708.65.
In a regulatory filing, MCX stated that it had incurred a net loss of Rs 5.3 crore as opposed to a net profit of Rs 39 crore during the same period last year.
For the July–September quarter, the biggest exchange in India's commodity derivatives market segment disclosed a net loss of Rs 19.07 crore.
MCX's revenue increased 33 per cent to Rs 191.5 crore. This was Rs 143.6 crore in the same period last year.