MCX’s total income increased by 23% to Rs. 93.79 crore for Q1 FY 2016-17 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Thursday, September 01, 2016

MCX’s total income increased by 23% to Rs. 93.79 crore for Q1 FY 2016-17


Multi Commodity Exchange of India Ltd (MCX)’s total income (standalone) increased by 23% to INR 93.79 crore (Y-o-Y) for Q1 FY 2016-17

Net Profit (standalone) increased by 55% to Rs. 32.81crore (Y-o-Y) with Net Profit margin
Of 35 % for Q1 FY 2016-17

EBITDA margin (standalone) of 57 % for Q1 FY 2016-17

Mumbai, 2016: 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, 2016. 

The Company adopted the Indian Accounting Standards (IND AS) from April 1, 2016. Accordingly, these financial results have been prepared in accordance with the Companies ( Indian Accounting Standards) Rules 2015 ( IND AS) prescribed under section 133 of the Companies Act, 2013.


Quarter 1, FY 2016-17 results

·        For the quarter ended June 30, 2016, MCX’s total income increased by 23% to Rs. 93.79 crore from Rs.76.17 crore for the corresponding quarter ended June 30, 2015.

·        EBITDA for the quarter ended June 30, 2016 increased by 37% to Rs. 52.99 crore from Rs.38.82 crore for the corresponding quarter ended June 30, 2015.

·        Net Profit (before Other Comprehensive Income) for the quarter ended June 30, 2016, increased by 55% to Rs. 32.81 crore from Rs. 21.22 crore for the corresponding quarter ended June 30, 2015.

·        For the quarter ended June 30, 2016, the EBITDA margin was 57 % and PAT (before Other Comprehensive Income) margin was 35%.

Operational Performance

·        During Q1 FY2017 the Exchange’s market share in commodity derivative space has increased to 88.20% from 80.55% in the corresponding quarter ended Q1 FY2016 

·        The average daily turnover traded on the Exchange has increased by 16% to Rs. 24,591 crore in Q1 FY 2017 from Rs. 21,217 crore in the corresponding quarter of Q1 FY2016.

·        The total number of commodity futures contracts traded on the Exchange for the quarter ended Q1 FY2017 increased by 29% to 62 million from 48 million in the corresponding quarter of Q1 FY2016.

Mr. Mrugank Paranjape, MD & CEO, MCX said, “MCX continues to demonstrate leadership position and has exhibited a stellar performance in Q1 FY2017 results. The company has made significant investments in human resources and technology, and is aware of the need to remain agile in trying to find newer avenues for revenues as we strive to keep up the momentum of our investments in strategic resources.”

“Looking ahead, our priority is to continue leveraging our strengths as well as our leadership position in the industry for the benefit of our stakeholders. We remain confident that MCX will continue to play a pivotal role in India’s quest for a vibrant commodity market in India”, he added.

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 2015–16, the market share of MCX was 84.30%. 

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 MCX. 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 further details, contact:

Shivani Sharma
Manager - Communications 
Mobile: +91 98333 76243

MCX’s total income increased by 23% to Rs. 93.79 crore for Q1 FY 2016-17 Reviewed by S. Chitra on September 01, 2016 Rating: 5 Multi Commodity Exchange of India Ltd (MCX)’s total income (standalone) increased by 23% to INR 93.79 crore (Y-o-Y) for Q1 FY 2016-17 ...

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