Multi Commodity Exchange of India Ltd (MCX)'s total income
(consolidated) increased by 0.29% to Rs. 87.24 crore
(Q-o-Q) for Q1 FY 2017-18
Net Profit (consolidated) increased by 20.48% to
Rs. 26.30 crore (Q-o-Q) with Net Profit margin of 30.15%
for Q1 FY 2017-18
EBITDA (consolidated) increased by 9.50% to Rs.
40.92 crore (Q-o-Q) with EBITDA margin of 46.91% for Q1 FY 2017-18
Mumbai, July 13, 2017: Multi Commodity Exchange of India
Ltd (MCX), India's No.1 commodity exchange announced its unaudited financial
results for the first quarter ended June 30, 2017.
Quarter 1, FY 2017-18
results
• For the quarter ended June 30, 2017, MCX's total income
increased by 0.29% to Rs. 87.24 crore from
Rs. 86.99 crore in the sequential quarter ended Q4 FY 2017.
• For the quarter ended June 30, 2017, MCX's total income
decreased by 7.10% to Rs. 87.24 crore from
Rs. 93.91 crore for the corresponding quarter ended June 30,
2016.
• EBITDA for the quarter ended June 30, 2017 increased by 9.50%
to Rs. 40.92 crore from Rs. 37.37 crore in
the sequential quarter ended Q4 FY 2017.
• Net Profit for the quarter ended June 30, 2017, increased
by 20.48% to Rs. 26.30crore from Rs. 21.83 crore
in the sequential quarter ended Q4 FY 2017.
• For the quarter ended June 30, 2017, the EBITDA margin
was 46.91% and PAT margin was 30.15%.
Operational
Performance
• The average daily turnover traded on the Exchange has
decreased by 3.42% to Rs. 18,772 crore in Q1 FY 2018 from Rs. 19,437 crore in
the sequential quarter of Q4 FY2017.
• The total number of commodity futures contracts traded on the
Exchange for the quarter ended Q1 FY2018 increased by 2.13% to 48 million from
47 million in the sequential quarter of Q4 FY2017.
• During Q1 FY2018, the Exchange's market share in commodity
derivative space has decreased to 89.93% from 90.37% in the sequential quarter
ended Q4 FY2017.
Mr. Mrugank Paranjape, MD & CEO, MCX said, “We witnessed subdued volumes on the
Exchange, owing to the weak commodity prices and low volatility. With the
industry bracing up for the new tax regime, certain physical market
participants were seen to be cautious in stocking of their inventories. The
exchange however witnessed a marginal increase in its number of participants
over the previous quarter which is reflected in the higher number of contracts
traded. Not only were the deliveries in the contracts, post GST implementation
effected smoothly on the Exchange, we also saw the highest single month
delivery (since October 2015) of 833.4 Kgs in Gold Mini. We have seen some
volume improvement as well, post GST. With the new tax regime in place and
launch of new instrument viz. Options, it is expected that there will be
increase in the activity on the Exchange. Under GST, we see opportunities
increasing with inter-state deliveries, leading to positive impact on our
business volumes. MCX has already filed with SEBI, seeking approval for the
first of the ‘Options on Futures’ contract. We have intensified our engagement
with members, industry / hedgers and Farmers in the first quarter, by scaling
up our number of awareness & training programmes.”
About MCX:
Having commenced operations on November 10, 2003, Multi
Commodity Exchange of India Limited (MCX) is India’s first listed,
national-level, electronic, commodity futures exchange with permanent
recognition from the Government of India. In the financial year 2016–17, the
market share of MCX was 90.37%.
MCX offers the benefits of fair price discovery
and price risk management to the Indian commodity market ecosystem. Various commodities
across segments are traded on the Exchange platform.
These include bullion,
energy, metals and agri commodities. The exchange has forged strategic
alliances with various Indian and International commodity exchanges and
business associations.
For more information about MCX and its products
visit www.mcxindia.com.
For further details,
contact:
Nilesh Chauhan
- MCX
Mobile: +91 82919
94791
|
Archana Ramesh -
Gutenberg
Mobile: +91 77100
32525
|
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