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News Topical, Digital Desk : The stock of Multi Commodity Exchange of India can see action during Monday's trading. The exchange has announced the results at the end of Friday's trading and has also announced a stock split. According to the information given, MCX's profit has increased by 50 percent. At the same time, there has been an increase of more than 28 percent in income on a year-on-year basis. EBITDA has increased by more than 51 percent. Along with this, the margins of the exchange have also improved. On Friday, the stock closed with a decline of more than one percent.
What information has been given about the split?
MCX said in the information sent to the stock market that the board has decided to split the stock with a face value of Rs 10 into 5 shares of Rs 2 each. According to MCX, the split is being done to make the stock accessible to a large section of retail investors. The exchange informed that the record date of the split will be decided in the coming time.
How were the results? The net profit of the exchange increased by 49.9% on a quarter-on-quarter basis to Rs 203 crore, which was Rs 135.4 crore in the previous quarter. At the same time, the company's income increased by 28.2% to Rs 373 crore, which was earlier at Rs 291 crore. EBITDA also saw a strong increase of 51.1% and stood at Rs 241.4 crore, while in the previous quarter it was Rs 159.8 crore. EBITDA margin also saw improvement, which increased to 64.7%, while in the previous quarter it was 54.9%.
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