Commodity derivatives exchange MCX on Monday reported a net profit of Rs 160.04 crore for the quarter ended December 31, as against a net loss of Rs 5.35 crore for the corresponding period a year ago. MCX’s quarterly net profit, however, fell short of analysts’ expectations.
According to expert research, the commodity derivatives exchange was estimated to register a net profit of Rs 172 crore for the third quarter of the current financial year.
The exchange registered revenue of Rs 301.3 crore for the December quarter, marking a jump of 57.4 percent over the corresponding period a year ago.
Experts analysts had pegged the exchange’s quarterly revenue at Rs 318 crore.
MCX said that options marked significant growth with a 7.1 percent sequential rise in average daily turnover (ADT) to Rs 2,07,090 crore in Q3.
It also said its average premium turnover increased to Rs 3,613 crore in Q3 from Rs 3,264 crore in Q2.
In the first nine months of the financial year, the company’s total traded clients in derivatives on the exchange saw year-on-year growth of 49 percent to reach around 11 lahks.
MCX Q3 FY25 Earnings | How the commodity derivatives exchange fared operationally
MCX logged Rs 193.2 crore in third-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA), also below analysts’ expectations.
According to expert research, the exchange was estimated to register an EBITDA of Rs 203.6 crore.
Its EBITDA margin, a key measure of profitability, stood at 67 percent for the quarter ended December 31.
MCX Share Price News
Earlier on Monday, MCX shares ended weaker by Rs 45.5, or 0.8 percent, at Rs 5,989.4 apiece on BSE.
As of January 20, MCX shares have rewarded investors with a return of 97.5 percent in the past year, sharply outperforming a 9.9 percent rise in the headline Nifty 50 index.