MCX Multi Commodity Exchange of India : Net Profit increase by 32% in Q3 FY 2020

MCX Net Profit increase by 32% in Q3 FY 2020

• Multi Commodity Exchange of India Ltd (MCX)'s operating revenue (consolidated) increased by 16% to Rs.89.27 crore for Q3 FY 2020
• Net Profit (consolidated) increased by 32% to Rs.55.57 crore with Net Profit margin of 49% for Q3 FY 2020
• EBITDA margin (consolidated) stood at 56% for Q3 FY 2020

Mumbai, January 30, 2020: 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.

About MCX:

Having commenced operations on November 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India's first listed, national-level, electronic exchange. It is also the first exchange to introduce commodity options in India. In the financial year 2018-19, the market share of MCX was 91.59%. 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 international exchanges, as well as Indian and international trade associations. For more information, about MCX and its products visit www.mcxindia.com.

For further details, Contact: Vijay Ganeshan Iyer Corporate Communication, MCX Mobile: [phone]