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Robust Volumes on MCX Drive Strong Performance in Q2 FY 2020

Posted On: 2019-10-15 18:24:03

Multi Commodity Exchange of India Ltd (MCX) announced its unaudited financial results for the second quarter & Half year ended September 30, 2019.

Q2, FY 2020

- For the quarter ended September 30, 2019, MCX's total income increased by 55% to Rs.144.53 crore from Rs.93.27 crore over the corresponding quarter ended September 30, 2018. While the operating income registered a growth of 41% to Rs. 100.15 crore from Rs. 71.10 crore in corresponding Q2 FY2019.

- EBITDA for the quarter ended September 30, 2019 increased by 103% to Rs.91.64 crore from Rs.45.07 crore over the corresponding quarter ended September 30, 2018.

- Net Profit for the quarter ended September 30, 2019, increased by 100% to Rs.71.75 crore from Rs.35.93 crore over the corresponding quarter ended September 30, 2018.

- For the quarter ended September 30, 2019, the EBITDA margin was 63% and PAT margin was 50%.

H1FY 2020

- For the Half year ended September 30, 2019, the total income of MCX stood at Rs.255.37 crore vis--vis Rs. 178.70 crore during the corresponding period in the previous year.

- EBITDA for the first half of FY 2020 stood at Rs.150.73 crore, as against Rs.82.54 crore in the corresponding period of FY 2019.

- Net Profit for the half year ended September 30, 2019 stood at Rs.115.45 crore, representing a 167% increase over the corresponding period of FY 2018-19.

- For the half year ended September 30, 2019, the EBITDA margin was 59% and PAT margin was 44%.

Operational Performance

- The average daily turnover traded in commodity futures on the Exchange increased by 40% to Rs.34,526 crore in Q2 FY 2020 from Rs.24,655 crore in the corresponding quarter of Q2 FY2019

- The average daily turnover (ADT) in commodity futures increased by 27% to Rs.31,054 crore during the H1 of FY2020, from Rs.24,506 crore during the corresponding period of FY2019.

- During half year ended FY2020 the Exchange's markets share in commodity derivative space has increased to 92.87% as against 91.4% in the corresponding period of FY2019.

- During H1 FY2020, total quantity of 24,971 MT of base metals has been delivered through the exchange mechanism.

Shares of MULTI COMMODITY EXCHANGE OF INDIA LTD. was last trading in BSE at Rs.1023.3 as compared to the previous close of Rs. 989.8. The total number of shares traded during the day was 50843 in over 2194 trades.

The stock hit an intraday high of Rs. 1024.8 and intraday low of 990. The net turnover during the day was Rs. 51384287.

Source: Equity Bulls

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