Multi Commodity Exchange of India Limited is said to be India’s first listed exchange. A platform for price discovery and risk management is provided by this commodity derivatives exchange, which makes it possible to trade commodity derivatives online. The operations of the Exchange was started in November 2003 and the regulatory framework of Securities and Exchange Board of India (SEBI) are its guiding principles in operating.
Financial Results:
The company reported a 12.6 percent increase in its consolidated net profit which stood at INR 38.79 crore. This is attributed to the owners for Q3 of FY23. In the year-ago period, a profit of INR 34.46 crore was reported by the company.
However, a drop of 38.69 percent from INR 63.27 crore in the company’s profit after tax in the third quarter was reported in the quarter of September 2022.