MCX Posts 23% Year over Year Increase in PAT (Price Action Trading)
Multi Commodity Exchange of India Ltd (MCX)’s operating income (consolidated) increased by 6 % to Rs. 71.10 crore for Q2 FY2019
Multi Commodity Exchange of India Ltd (MCX)’s total income (consolidated) increased by 2% to Rs.93.27 crore for Q2 FY2019
EBITDA margin (consolidated) stood at 48 % for Q2 FY2019
Mumbai, October 23, 2018:Multi Commodity Exchange of India Limited (MCX) today announced its financial results for the Quarter & half-year ended September 30, 2018.
Q2 FY 2018-19
Operating income registered a growth of 6% to Rs. 71.10 crore from Rs. 67.26 crore in Corresponding Q2 FY 2018.
PAT increased by 23 % to Rs. 35.93 crore from Rs. 29.15 crore in the corresponding Q2 FY2018.
EBITDA margin stood at 48% and PAT margin at 39%.
H1 FY 2018-19
Revenue from operations increased by 14% to Rs 143.97 crore for the half-year ended September 30, 2018.
The net profit after tax for the H1 FY2019 stood at Rs 43.31 crore compared to Rs 55.45 crore during the corresponding H1 FY2018.
The average daily turnover traded on the Exchange increased by 12.21% to Rs. 24,655 crore in Q2 FY 2019 from Rs. 21,972 crore in the corresponding quarter of Q2 FY2018.
During Q2 FY2019, the Exchange's market share in commodity derivative space has increased to 91.4% from 90.06% in the corresponding quarter ended Q2 FY2018.
Mr. Mrugank Paranjape,MD & CEO of MCX said, "The second quarter of FY19 has been yet another impressive period with 12.2% Year over Year growth in turnover. The Year over Year growth in the first half of the fiscal is 20.3%. Our robust performance in the quarter, as well as the first half of the fiscal, was driven by strong growth in base metals and energy segments.”
“As we move into the second half of 2018-19, we will continue to focus our efforts on tapping opportunities and enriching our products for the further growth of the commodities market. We also determined to develop new products which will support us to reach out in more market participants. These efforts will lay a foundation for us to leverage in the years ahead”, he added.
Having commenced operations on November 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India’s first listed, national-level, an electronic exchange. Commodity options are first introduced by MCX in India. The market share of MCX in the financial year 2017–18 was 89.58%. The Indian commodity market ecosystem is offered the benefits of fair price discovery and price risk management by MCX. Bullion, energy, metals and agricultural commodities are included. The exchange has formed strategic alliances with various international exchanges, as well as Indian and international trade associations.