MCX Shares Surge 9% Post Q4 Earnings

Multi Commodity Exchange of India (MCX) shares surged as much as 9 per cent to an intraday high of Rs 1,144 on Friday after the company reported strong earnings for the quarter ended March 31, 2015.
  MCX reported 12.7 per cent annual growth in its net profit to Rs 49.30 crore for the March quarter compared to Rs 43.75 crore in the year ago period.
  On a sequential basis its net profit grew nearly 150 per cent. In the December quarter the exchange had reported a net profit of Rs 22.97 crore.
  MCX's revenue fell nearly 8 per cent to Rs 58.97 crore against Rs 63.95 crore last fiscal.
  In spite of lower revenue year-on-year, the company managed to increase its profit on account of lower depreciation and software charges.
  MCX shares closed 4.99 per cent higher at Rs 1,105.45 apiece compared to 0.46 per cent gain in the broader Nifty.