MCX Net Profit increase by 32% in Q3 FY 2020

Mumbai: Multi Commodity Exchange of India Ltd (MCX) announced its unaudited financial results for the third quarter & nine months ended December 31, 2019.

Q3, FY 2020

·         For the quarter ended December 31, 2019, MCX’s total income ­­increased by 3% to Rs.112.74 crore from Rs.109.10 crore over the corresponding quarter ended December 31, 2018. While the operating income registered a growth of 16% to Rs. 89.27 crore from Rs. 76.93 crore in corresponding Q3 FY2019.

·         EBITDA for the quarter ended December 31, 2019 increased by 18% to Rs.62.67 crore from Rs.53.13 crore over the corresponding quarter ended December 31, 2018.

·         Net Profit for the quarter ended December 31, 2019, increased by 32 % to Rs.55.57 crore from Rs.41.99 crore over the corresponding quarter ended December 31, 2018.

·         For the quarter ended December 31, 2019, the EBITDA margin was 56% and PAT margin was 49%.

9M FY 2020

·         For the nine months ended December 31, 2019, the total income of MCX stood at Rs.368 crore vis-à-vis Rs. 287.79 crore during the corresponding period in the previous year.

·         EBITDA for the nine months of FY 2020 stood at Rs.213.28 crore, as against Rs.135.66 crore in the corresponding period of FY 2019.

·         Net Profit for the nine months ended December 31, 2019 stood at Rs.171.01 crore, representing a 101% increase over the corresponding period of FY 2018-19.        

·         For the nine months ended December 31, 2019, the EBITDA margin was 58% and PAT margin was 46%.

Operational Performance

·         The average daily turnover traded in commodity futures on the Exchange increased by ­­16% to Rs.30,854 crore in Q3 FY 2020 from Rs.26,614 crore in the corresponding quarter of Q3 FY2019

·         The average daily turnover (ADT) in commodity futures increased by 23% to Rs.30,987 crore during the nine months of FY2020, from Rs.25,205 crore during the corresponding period of FY2019.

·         During nine months ended FY2020 the Exchange’s markets share in commodity derivative space has increased to 93.37% as against 91.16% in the corresponding period of FY2019.

·         During 9M FY2020, total quantity of 51, 658, MT of base metals has been delivered through the exchange mechanism.