MCX reports Net Profit of 39.80 cr. in Q1 FY21-22

Multi Commodity Exchange of India Ltd (MCX), India's largest exchange in the commodity derivatives segment, announced its unaudited financial results for the first quarter ended June 30, 2021.

- MCX's operating income increased by 20% to Rs 87.60 crore for Q1 FY21-22 from Rs 73.01 crore over the corresponding quarter of FY20-21.

- Total income (consolidated) decreased by 11 % to Rs. 108.94 crore for Q1 FY 21-22

- Average daily turnover of commodity futures contracts traded on the Exchange increased by 21% to Rs 28,031 cr. in Q1 FY21-22 from Rs 23,129 cr. in Q1 FY20-21.

- For Q1 FY21-22, MCX's market share in commodity futures market stood at 92.6%

- EBITDA margin (consolidated) stood at 53 % for Q1 FY 21-22

Q1, FY21-22 Results

- For the quarter ended June 30, 2021, MCX's total income decreased by 11% to Rs. 108.94 crore from Rs. 122.70 crore over the corresponding quarter ended June 30, 2020. While the operating income increased by 20 % to Rs. 87.60 crore from Rs. 73.01 crore in corresponding quarter of FY20-21.

- Net Profit for the quarter ended June 30, 2021, decreased by 29% to Rs.39.80 crore from Rs. 56.43 crore over the corresponding quarter during FY20-21.

- EBITDA for the quarter ended June 30, 2021 decreased by 24% to Rs.58.19 crore from Rs. 76.22 crore over the corresponding quarter during FY20-21. - For the quarter ended June 30, '21, EBITDA margin was 53% and PAT margin was 37%.

Q1, FY21-22 Operational Highlights

- Average daily turnover (ADT) of commodity futures contracts traded on the Exchange increased by 21% to Rs. 28,031 crore in Q1 FY21-22 from Rs. 23,129 crore in the corresponding quarter of Q1 FY20-21.

- The notional ADT of options increased by 192% to Rs. 1,900 crore in Q1 FY21-22 from Rs. 651 crore during Q1 FY20-21.

- For Q1 FY21-22, MCX's market share in commodity futures turnover stood at 92.6%.

- Total quantity of 22,863 MT of base metals has been delivered during Q1 FY21-22 vis-à-vis 21,028.5 MT in Q1 FY20-21 through the exchange mechanism.

Shares of MULTI COMMODITY EXCHANGE OF INDIA LTD. was last trading in BSE at Rs. 1645 as compared to the previous close of Rs. 1676.05. The total number of shares traded during the day was 15850 in over 1709 trades.

The stock hit an intraday high of Rs. 1692.2 and intraday low of 1639. The net turnover during the day was Rs. 26357161.

Source : Equity Bulls

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