Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

MCX's total consolidated income decreased by 16.41% to Rs.76.52 crore for Q3 FY 2017-18

Posted On: 2018-01-17 19:06:28

Multi Commodity Exchange of India Ltd (MCX), India's No.1 commodity exchange announced its unaudited financial results for the third quarter & nine months ended December 31, 2017.

Quarter 3, FY 2017-18 results

- For the quarter ended December 31, 2017, MCX's total income decreased by 16.41% to Rs.76.52 crore from Rs.91.54 crore over the previous quarter ended September 30, 2017. While the operating revenue decreased by to Rs.60.97 crore, the other income comprising primarily of treasury revenue fell by 35.95% to Rs.15.55 crore on account of steep rise in bond yields, impacting the investment income.

- EBITDA for the quarter ended December 31, 2017 decreased by 35.30% to Rs.29.07 crore from Rs.44.93 crore over the previous quarter ended September 30, 2017.

- Net Profit for the quarter ended December 31, 2017, decreased by 35.61% to Rs.18.77 crore from Rs.29.15 crore over the sequential quarter ended September 30, 2017.

- For the quarter ended December 31, 2017, the EBITDA margin was 37.99% and PAT margin was 24.53%.

Nine Months (9M) FY 2017-18 results

- For the nine months ended December 31, 2017, the total income of MCX stood at Rs.255.29 crore vis-à-vis Rs. 289.38 crore during the corresponding period in FY 2016-17.

- EBITDA for the nine months of FY 2017-18 stood at Rs.114.92 crore, as against Rs.159.17 crore in the corresponding period of FY 2016-17.

- Net Profit for the nine months of FY 2017-18 stood at Rs.74.22 crore, representing a 29.15% decrease over the corresponding period of FY 2016-17.

- For the nine months ended December 31, 2017, the EBITDA margin was 45.02% and PAT margin was 29.07%.

Operational Performance

- The average daily turnover (ADT) in commodity futures decreased by 3.7% to Rs.20,229 crore during Q3 FY2018 visa-vis the corresponding quarter of FY2017.

- During nine months of FY2018 the Exchange's market share in commodity derivative space has decreased to 89.73% as against 90.35% in the corresponding nine months of FY2017.

- The average daily turnover (ADT) in commodity futures decrease by 13.8% per cent to Rs.20,325 crore during the nine months of FY2O1B, from Rs.23,580 crore during the corresponding nine months of FY2017.

- The average daily turnover (ADT) in commodity options during the quarter was Rs.140 crore.

- The volume (in terms of commodity futures contracts traded on the Exchange) decreased by 14 per cent in nine months of FY2018, to 151 million lots, compared with 175 million lots traded in the corresponding nine months of FY2017.

Mr. Mrugank Paranjape, MD & CEO, MCX said: "The quarter witnessed mixed performance across product segments. Contrary to historical trend, metals segments had an increase over the volumes in 02. However, because of low volatility in gold prices during the quarter, which led to a decrease in bullion volumes by 29% over the previous quarter, there was an overall decrease in volumes. The rise in Bond yields affected investment gains resulting in a fall in investment income.

In the last quarter, we had a successful launch of our Options contract on Gold Futures. The market went through the complete settlement cycle including devolvement without any glitches. This paves the way for us to seek regulatory approvals on more Options contracts. In parallel, we continue to engage with the regulators and the market participants to increase the liquidity in this product.

As committed, the Company continues to exercise control over the operating cots, which have remained at same levels as previous quarter, after factoring expenses incurred towards launch of options and other member engagement activities".

Shares of MULTI COMMODITY EXCHANGE OF INDIA LTD. was last trading in BSE at Rs.850.65 as compared to the previous close of Rs. 896.4. The total number of shares traded during the day was 240696 in over 7927 trades.

The stock hit an intraday high of Rs. 875 and intraday low of 835. The net turnover during the day was Rs. 204608774.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Radhakishan Shivkishan Damani's Derive Investments buys Fortis Healthcare's shares
Indo Credit Capital Ltd calls for Board Meeting on Feb 26, 2018
Gilada Finance & Investments Ltd fixes Feb 28, 2018 as record date for dividend
Petron Engineering Construction Ltd announces resignation of 2 directors
Godawari Power and Ispat Ltd approves amalgamation of Jagdamba Power & Alloys Limited
JSW Energy enters into MoU with Maharashtra Government for Electric Vehicles plant
Chemcrux Enterprises Ltd calls for Board Meeting On February 27, 2018
ONGC Board to consider Second Interim Dividend on Feb 27, 2018
Advanced Enzyme Technologies Ltd approves additional investment in Malaysian subsidiary
Vascon Engineers Ltd signs agreement with Lina Ashar Foundation
Shilpa Medicare Ltd Board to consider Interim Dividend on Feb 22, 2018
LatestOne.com opens its largest fulfillment center in Andhra Pradesh
Housing and Urban Development Corporation Ltd to consider interim dividend on Feb 28, 2018
Airtel and HMD Global partner to offer affordable 4G smartphones
Varun Beverages Ltd arm commences production at Zimbabwe plant
Infosys Recognised as a Top Employer in Europe
Pennar Industries Limited and its subsidiaries receive orders worth Rs. 152 crores
TRENT Ltd allots Commercial Paper for Rs. 100 crores
AXIS Bank fixes 1 year MCLR at 8.40% from Feb 17, 2018
Gayatri Projects announces reorganization of energy investments in arm
Himalaya Food International Ltd opens first QSK
Shree Cement Ltd commissions new grinding unit at Aurangabad in Bihar
Quadrant Televentures Limited calls for Board Meeting On February 23, 2018
CL Educate Ltd arm sells land for Rs. 6.48 crores
Pfizer Ltd announces resignation of CFO
Goodricke Group Ltd inducts additional director
Premier Explosives receives Management System Certificate from DNV GL Business Assurance, USA
Pod Solutions and Subex partner to provide advanced security for IoT Billing and Connectivity Service
Vikas WSP Ltd receives orders for Rs. 106.23 crores
Andhra Petrochemicals Ltd announces resumption of Plant operations from 19.2.2018
Glenmark Pharmaceuticals Presents New Data on GBR 830 at the 2018 American Academy of Dermatology Annual Meeting
L&T Construction Wins Orders Valued Rs. 1680 Crore
Indian Dairy Association honours Mr. RG Chandramogan with Patronship Award
Siemens Ltd to consider sale of mobility business, mechanical drives business
City Union Bank updates on cyber attack on its SWIFT payment system
Asian Granito India Ltd redeems commercial paper of Rs. 40 crores
Mawana Sugars Ltd calls for Board Meeting on Feb 20, 2018
UCO Bank's exposure at $411.82 million in PNB fraud
Religare Enterprises to raise up to Rs 1200 crore, inducts 3 new board members
RMC Switchgears Ltd to consider preferential issue, appoitnment
Indrayani Biotech Ltd appoints Mr. Kasiraman Sayee Sundar as additional director
Precision Wires India Ltd updates on increase in power charges by 20%
Mahindra Lifespaces - HDFC Capital affordable housing platform launches its first project
KPR Mill Ltd to consider buy back on Feb 22, 2018
Prime Focus Limited announces Q3 FY17-18 results
Varun Beverages Ltd. announces Q4 & CY2017 Financial Results CY2017
ITI Limited Announces Financial Results for the Quarter Ended December 31, 2017
ARSS Infrastructure Projects Ltd gets two work orders totaling Rs. 121.09 crores
Asian Oilfield Services Ltd announces resignation of CFO
PU Paint shop goes into commercial production


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018