Multi Commodity Exchange of India posted a sharp rise in earnings for the quarter ended March. Consolidated net profit reached 530 crore rupees, up 291 percent from the prior year. The exchange also announced a dividend of 8 rupees per share.
The company achieved revenue that tripled compared with the same quarter a year earlier. Profit after tax attributable to owners stood at 530 crore rupees against 135 crore rupees previously.
Birla Corporation reported a 15% year-on-year increase in net profit for the March-ended quarter. Revenue rose modestly while the company announced a dividend payout.
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India's listed brokers and exchanges posted strong results for the March quarter. Growth came from higher margin trading and increased market activity.
Shares of Adani Energy Solutions fell more than 3% despite the company reporting a 6% year-on-year increase in fourth-quarter net profit to Rs 684 crore. Revenue jumped 17% to Rs 7,443 crore, supported by key transmission projects.
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RBL Bank announced a threefold increase in its fourth-quarter net profit, reaching Rs 230 crore, up 233% from the previous year. The growth came from strong business expansion and better asset quality, even as net interest margins dipped. Net advances rose 23% year-on-year, led by the retail segment.