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MCX profit jumps by 94% in Q3

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Mumbai, January 13, 2017: 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, 2016.

Quarter 3, FY 2016-17 results
· For the quarter ended December 31, 2016, MCX’s total income increased by 20% to Rs.68.60 crore from Rs.56.96 crore for the corresponding quarter ended December 31, 2015.
· EBITDA for the quarter ended December 31, 2016 increased by 25% to Rs.50.43 crore from Rs.40.39 crore for the corresponding quarter ended December 31, 2015.
· Net Profit for the quarter ended December 31, 2016, increased by 94% to Rs.33.94 crore from Rs.17.51 crore for the corresponding quarter ended December 31, 2015.
· For the quarter ended December 31, 2016, the EBITDA margin was 51% and PAT margin was 34%.

Nine Months (9M) FY 2016-17 results
· For the nine months ended December 31, 2016, the total income of MCX stood at Rs.196.83 crore vis-à-vis Rs. 174.42 crore during the corresponding period in FY 2015-16.
· EBITDA for the nine months of FY 2016-17 stood at Rs.158.78 crore, as against Rs.126.05 crore in the corresponding period of FY 2015-16.
· Net Profit for the nine months of FY 2016-17 stood at Rs.104.40 crore, representing a 51% growth over the corresponding period of FY 2015-16.
· For the nine months ended December 31, 2016, the EBITDA margin was 55% and PAT margin was 36%.

Q3 & 9M FY2016-17 Operational Performance
· During Q3 FY2017 the Exchange’s market share in commodity derivative space has increased to 93.27% as against 83.33% in Q3 FY2016.
· The average daily turnover (ADT) traded on the Exchange has increased by 3% to Rs.21,023 crore during Q3 FY2017 vis-a-vis the corresponding quarter of FY2016.
· The total number of commodity futures contracts traded on the Exchange for the quarter ended Q3 FY2017 decreased by 9% to 52 million lots from 57 million lots traded in the corresponding quarter of FY2016.
· During nine months of FY2017 the Exchange’s market share in commodity derivative space has increased to 90.35% as against 82.72% in the corresponding nine months of FY2016.
· The average daily turnover (ADT) registered an increase of 10% per cent to Rs.23,580 crore during the nine months of FY2017, from Rs.21,363 crore during the corresponding nine months of FY2016.
· The volume (in terms of commodity futures contracts traded on the Exchange) witnessed a healthy growth of 6 per cent in nine months of FY2017, to 175 million lots, compared with 165 million lots traded in the corresponding nine months of FY2016.
·
Mr. Mrugank Paranjape, MD & CEO, MCX said: “Our robust results for the 3rd quarter demonstrate the resilience and diversification inherent in our business. Thanks to the continued support of our trading members and participants, we were able to offset the drop in volumes in some segments with almost similar increase in others. We have also used this period to invest more in preparing for the upcoming year – in terms of intensified efforts around education and training, something which will help us with imminent product launches including Options but in the long term as well, with increased participation in the market”.

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