MCX
METAL & ENERGY
Trade with Trust
MCX/SEC/1621
January 15, 2019
The Dy. General Manager
Corporate Relations & Service Dept., BSE Limited,
P.J. Towers,
Dalal Street, Mumbai 400 001
Scrip Code: 534091, Scrip Name: MCX
Sub.: Errata to the Outcome of Board Meeting - Tuesday, January 15, 2019
This is further to our earlier letter bearing ref. no. MCX/SEC/1618 dated January 15, 2019 submitting the outcome of Board Meeting, wherein it was informed that the Board at its meeting held today, inter-a/ia, approved the Un-Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and nine months ended December 31, 2018.
Please note that there was a clerical error in the figures of Statement of Consolidated Unaudited Results for the quarter and nine months ended December 31, 2018. However, the overall Un-Audited Financial Results as submitted earlier, does not change.
The revised consolidated statement along with the copy of Un-Audited Financial Results (Standalone) of the Company for the quarter and nine months ended December 31, 2018 and the Limited Review Report issued by the Statutory Auditors of the Company is enclosed for reference.
We regret the inconvenience caused.
Kindly take the above information on record.
Thanking you,
Yours faithfully,
For Multi Commodity Exchange of India Limited
I
AjaPtr
Company Secretary
End: a/a
MULTI COMMODITY EXCHANGE OF INDIA LTD.
EXCHANGE SQUARE, SUREN ROAD, ANDHERI (EAST), MUMBA 400 093, INDIA.TEL: +91-22-6731 8888, FAX: +91-22-66494151,www.mcxindia.com ON: L51909MH2002PLC135594,info@mcxindia.com
CIN : L51909MH2002PLC135594; E-mail :info@mcxindia.com; Website: www.mcxindia.com
STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2018
( in Lakh, except per share data)
Standalone
Sr. |
No. |
31-12-18 | 30-09-2018 | 31-12-17 | |
Unaudited | Unaudited | Unaudited | |
1Income from operations | 7,617 | 7,087 | 6,281 |
2 Other Income | 2,885 | 1,929 | 1,200 |
10,502 | 9,016 | 7,481 | |
1,526 | 1,628 | 1,687 | |
915 | 296 | - | |
1,253 | 1,327 | 1,203 | |
471 | 488 | 569 | |
377 | 379 | 346 | |
- | - | - | |
1,463 | 1,062 | 1,232 | |
6,005 | 5,180 | 5,037 | |
4,497 | 3,836 | 2,444 | |
- | - | - | |
4,497 | 3,836 | 2,444 | |
762 | 836 | 477 | |
- | (259) | - | |
(71) | (126) | 187 | |
691 | 451 | 664 | |
3,806 | 3,385 | 1,780 | |
- | (210) | - | |
18 | |||
(192) | |||
3,193 | |||
5,099.84 | |||
- | |||
6.66 | |||
6.66 |
-
3 Total Income (1+2)
.
Particulars
4 Expenses: a)Employee benefits expense b)Clearing and Settlement expense c)Software support charges and product license fees d)Computer technology and communication expenses e)Depreciation and amortisation expense f)Finance costs g)Other expenses Total Expenses
5 Profit before exceptional items and tax (3-4)
6 Exceptional Items
7 Profit before tax (5-6)
8 Tax expenses: a)Current tax b)Excess provision for tax relating to previous years written back c)Deferred tax
Total Tax expenses
9 Net Profit after tax (7-8)
10 Other Comprehensive Income
Items that will not be reclassified to profit or loss (net of tax) a) Changes in fair value of Equity instruments
Quarter ended
b) Remeasurernent of Employee benefits obligations (9)
Other Comprehensive Income (net of tax) (9)
11 Total Comprehensive Income (9+10) 3,797
12 Paid-up Equity Share Capital (Face Value of 10/- each)
13 Other equity
14 Earnings per share*
5,09984
-
a) Basic () 7.48
b)
Diluted () 7.48
* Earnings per share for the interim periods is not annualised.
Year ended | |||
31-03-18 | |||
Audited | |||
21,991 | 18,926 | 25,984 | |
5,815 | 6,221 | 8,636 | |
27,806 | 25,147 | 34,620 | |
4,955 | 5,246 | 6,796 | |
1,211 | - | - | |
3,969 | 3,606 | 4,944 | |
1,469 | 1,797 | 2,291 | |
1,123 | 1,306 | 1,666 | |
1 | - | - | |
3,526 | 3,256 | 4,521 | |
16,254 | 15,211 | 20,218 | |
11,552 | 9,936 | 14,402 | |
2,380 | - | - | |
9,172 | 9,936 | 14,402 | |
1,761 | 1,938 | 2,836 | |
(259) | - | - | |
(137) | 759 | 931 | |
1,365 | 2,697 | 3,767 | |
7,807 | 7,239 | 10,635 | |
(210) | (126) | 259 | |
32 | 11 | (14) | 6 |
32 | (199) | (140) | 265 |
1,812 | 7,608 | 7,099 | 10,900 |
5,099.84 | 5,099.84 | 5,099.84 | 5,099.84 |
- | - | - | 132,527 |
3.50 | 15.35 | 14.23 | 20.91 |
3.50 | 15.35 | 14.23 | 20.91 |
Unaudited Unaudited
Nine Months ended 31-12-18 31-12-17
Notes:
1.
The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on January 15, 2019.
2. The above Standalone Financial results for the quarter and Nine Months ended December 31, 2018 are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment
Rules, 2016.
3. Effective from April 1, 2018, the Company has adopted Ind AS 115 "Revenue from contracts with customers" using the cumulative effect method. The standard is applied retrospectively only to contracts that are not completed as at the date of initial application and the comparative information is not restated in the Interim statement of profit and loss. The adoption of the standard did not have any material impact to the financial statements of the Company.
4. The SGF norms vide SEBI circular dated August 27, 2014 prescribes at least 25% of the Minimum Required Corpus for the Exchange. Accordingly, appropriate contributions has been made by the Exchange as on December 31, 2018.
5. The Company's business activity falls within a single segment viz. Commodity Exchange and hence has only one reportable Operating segment as per Ind AS 108 - Operating Segments.
6. Previous period/year's figures have been regrouped/reclassified wherever necessary to conform to current period's/year's figures.
For Multi Commodity Exchange of India Limited
Place: Mumbai
Date: January 15, 2019
Mrugank Paranjape Managing Director & CEO
CIN : L51909MH2002PLC135594; E-mail :info@mcxindia.com; Website: www.mcxindia.com
STATEMENT OF CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31. 2018
( in Lakh, except per share data)
Consolidated
Sr.
Particulars
1Income from operations
2 Other Income
3 Total Income (1+2)
4 Expenses: a)Employee benefits expense b)Software support charges and product license fees c)Computer technology and communication expenses d)Depreciation and amortisation expense e)Finance costs f)Other expenses Total Expenses
S Profit before exceptional items,Share of Profit of Associate and tax (3-4)
6 Exceptional Items
7 Profit before tax and Share of Profit of Associate
8 Share of Profit of Associate
9 Profit before tax (7+8)
10 Tax Expenses: a)Current tax b)Excess provison for tax relating to prior years written back c)Deferred tax
Total Tax expense
11 Net Profit after tax (9-10)
12 Other Comprehensive Income
Items that will not be reclassified to profit or loss (net of tax)
a) Changes in fair value of Equity instruments
b) Remeasurement of Employee benefits obligations
Other Comprehensive Income (net of tax)
13 Total Comprehensive Income (11+12)
Quarter ended
31-12-18
30-09-18
Unaudited 7,693 3,217 10,910
Unaudited 7,110 2,217 9,327
1,769 1,630 572 384 - 1,626 5,981
1,743 1,451 515
381
- 1,111 5,201
4,929
4;126
-
-
4,929 4,126
22
Nine Months ended
31-12-17
Unaudited 6,281 1,371 7,652
1,687
1,203
577
346 - 1,278 5,091
-
2,561 - 2,561 -
4,951
4,126 2,561
31-12-18
31-12-17
Unaudited 22,090 6,689 28,779
Unaudited
18,927 25,984 6,602 9,202 25,529 35,186
5,367 4,470 1,598 1,131
5,246 6,821 3,606 4,944 1,804 2,291 1,306 1,666
1
-
3,777 16,344
3,381 4,742 15,343 20,468
12,435 2,380
10,186 14,718
-
10,055 10,186
22
Year ended
31-03-18
Audited
4
-
- 14,718 -
10,077
10,186 14,718
829 - (77) 752
919 (259) (127) 533
464 - 220 684
1,958 (259) (146)
1,938 2,943
-
-
1,553
826 939 2,764 3,882
4,199
3,593
1,877
8,524
7,422 10,836
- (19)
(210)
- 32 32
(210)
(267) 118
(19)
16 (194)
(2)
(14) 6
(212)
(281) 124
4,180
3,399
1,909
8,312
7,141 10,960
14 Paid-up Equity Share Capital
(Face Value of 10/- each)
15 Other equity
16 Earnings per share*
a) Basic ()
b) Diluted ()
* Earnings per share for the interim periods is not annualised.
(( RJ uMe4,' -
5,099.84
5,099.84
5,099.84
5,099.84
5,099.84
5099.84
-
-
-
-
- 132,948
8.26 8.26
7.06 7.06
3.69 3.69
16.76 16.76
14.59 21.31
14.59 21.31
F
lQ9c- I '4W1*
Notes:
1. The above consolidated financial results of Multi Commodity Exchange of India Limited (the
"Company" or the "Exchange"), its subsidiary (the Company and its subsidiary together referred to as "the Group") and its associate, have been reviewed by the Audit Committee and approved
by the Board of Directors at its meeting held on January 15, 2019.
2. The above Consolidated Financial results for the quarter and Nine Months ended December 31, 2018 are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.
3. Effective from April 1, 2018, the Group has adopted Ind AS 115 "Revenue from contracts with customers" using the cumulative effect method. The standard is applied retrospectively only to contracts that are not completed as at the date of initial application and the comparative information is not restated in the Interim statement of profit and loss. The adoption of the standard did not have any material impact to the financial statements of the Group.
4. The Company has complied with SEBI directives w.r.t Core Settlement Guarantee Fund (Core SGF) and Minimum Required Corpus (MRC) thereof. Accordingly with appropriate contributions from the Clearing Corporation and Exchange the Core SGF was Rs 312.31 Crores as on December 31, 2018.
5. The Company has invested Rs.12 Crore (24% stake) towards subscription of equity share capital of CDSL Commodity Repository Limited, and the share in profits of the said associate entity have been considered for consolidation in accordance with the provisions of Ind AS 110 effective quarter ended December 31, 2018.
6. The Group's business activity falls within a single segment viz. Commodity Exchange and hence has only one reportable Operating segment as per nd AS 108 - Operating Segments.
7. Previous period/year's figures have been regrouped/reclassified wherever necessary to conform to current period's/year's figures.
For Multi Commodity Exchange of India Limited
Place: Mumbai
Date: January 15, 2019
Mrugank Paranjape Managing Director & CEO
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MCX - Multi Commodity Exchange of India Ltd. published this content on 15 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 January 2019 12:18:04 UTC