Hot Pursuit     31-Jul-23
MCX PAT drops 53% YoY in Q1 FY24
The exchange and data platform's consolidated net profit tumbled 52.6% to Rs 19.66 crore in Q1 FY24 as compared with Rs 41.46 crore in Q1 FY23.
However, total income jumped 40.8% to Rs 166.21 crore in Q1 FY24 as compared with Rs 118.05 crore in corresponding quarter last year.

Operating income increased by 34% to Rs 145.77 crore from Rs 108.79 crore recorded in Q1 FY23.

EBITDA for the quarter ended 30 June 2023 declined 47% to Rs 31.13 crore from Rs 58.52 crore over the corresponding quarter ended 30 June 2022.

The average daily turnover (ADT) in overall commodity futures increased 4% to Rs 21,414 crore in Q1 FY24 as compared with Rs 20,632 crore in the corresponding quarter previous year.

The notional ADT of options grew 35% to Rs 61,928 crore in Q1 FY24 from Rs 45,710 crore during Q1 FY23.

During Q1 FY24, the average daily turnover of futures and options increased 26% to Rs 83,341 crore, compared to the turnover of the previous quarter.

The total traded clients in futures and options on the exchange saw a growth of 12%, reaching around 3.93 lakh during Q1 FY24 over the sequential quarter last year.

Total quantity of 19,695.5 tonnes of base metals has been delivered during Q1 FY24 as against 16,463 tonnes in Q1 FY23 through the exchange mechanism.

As on 30 June 2023, MCX's market share in commodity futures turnover stood at 96.3%.

Multi Commodity Exchange of India (MCX) is India's first listed, national-level, electronic exchange, and India's leading commodity derivatives exchange with a market share of about 96.7% in terms of the value of commodity futures contracts traded in financial year 2022-23. Various commodities across segments are traded on the Exchange platform, which include bullion, energy, metals and agri commodities.

The scrip rose 0.22% to currently trade at Rs 1,671.40 on the BSE.

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