Hot Pursuit     01-Aug-22
MCX drops after muted Q1 outcome
On a consolidated basis, Multi Commodity Exchange of India (MCX)'s net profit for Q1 June 2022, increased 4% to Rs 41.46 crore from Rs 39.80 crore in the corresponding quarter last year.
For the quarter ended 30 June 2022, MCX's total income increased by 8% to Rs 118.05 crore from Rs 108.94 crore over the corresponding quarter ended 30 June 2021. While the operating income increased by 24% to Rs 108.79 crore from Rs 87.60 crore in corresponding Q1 FY22.

EBITDA for the quarter ended 30 June 2022 increased by 1% to Rs 58.52 crore from Rs 58.19 crore over the corresponding quarter ended 30 June 2021. For the quarter ended 30 June 2022, the EBITDA margin was 50% and PAT margin was 35%.

Profit before tax (PBT) rose 1.3% year-on-year to Rs 52.06 crore in Q1 FY23. Its total expenses rose 18.4% YoY to Rs 60.17 crore in Q1 FY23.

For Q1 FY223, MCX's market share in commodity futures stood at 96.4% vis-à-vis 92.6% during Q1 FY22.

The notional Average daily turnover (ADT) of options increased by 928% to Rs. 19,539 crore in Q1 FY23 from Rs 1,900 crore during Q1 FY21-22. ADT of commodity futures contracts traded on the exchange decreased by 9.98% to Rs 25,234 crore in Q1 FY23 from Rs 28,031 crore in the corresponding quarter of Q1 FY22.

MCX is India's first listed, national-level, electronic exchange and India's leading commodity derivatives exchange with a market share of about 96.4% in terms of the value of commodity futures contracts traded in financial year 2022-23 (April–June 2022).

Shares of MCX slumped 5.27% to Rs 1322.80 on the BSE.

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