Multi Commodity Exchange of India Ltd (MCX)’s total income (standalone) increased by 7%

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Mumbai: Multi Commodity Exchange of India Ltd (MCX), India’s No.1 commodity exchange announced its unaudited financial results for the second quarter & half year ended September 30, 2016.

Quarter 2, FY 2016-17 results
· For the quarter ended September 30, 2016, MCX’s total income increased by 7% to Rs.65.25 crore from Rs.61.25 crore for the corresponding quarter ended September 30, 2015.
· EBITDA for the quarter ended September 30, 2016 increased by 18% to Rs. 55.35 crore from Rs. 46.84 crore for the corresponding quarter ended September 30, 2015.
· Net Profit for the quarter ended September 30, 2016, increased by 23% to Rs. 37.65 crore from Rs. 30.59 crore for the corresponding quarter ended September 30, 2015.
· For the quarter ended September 30, 2016, the EBITDA margin was 58% and PAT margin was 39%.

H1 FY 2016-17 results
· For the half year ended September 30, 2016, MCX’s total income stood at Rs.128.23 crore vis-à-vis Rs.117.46 crore during the corresponding period in the previous year.
· EBITDA for the first half of FY 2016-17 stood at Rs.108.35 crore, as against Rs.85.66 crore in the corresponding half of the previous financial year.
· Net Profit for the half year ended Sept 30, 2016 stood at Rs.70.46 crore, representing a 36% growth over the corresponding period of FY 2015-16
· For the half year ended Sept 30, 2016, the EBITDA margin was 57% and PAT margin was 37%.

Q2 & H1 FY2016-17 Operational Performance
· During Q2 FY2017 the Exchange’s market share in commodity derivative space has increased to 89.49% as against 84.13% in Q2 FY2016.
· The average daily turnover (ADT) traded on the Exchange has increased by 12% to Rs. 25,165 crore during Q2 FY2017 vis-a-vis the corresponding quarter of the previous year.
· The total number of commodity futures contracts traded on the Exchange for the quarter ended Q2 FY2017 increased by 3% to 61 million lots from 59 million lots in the corresponding quarter of Q2 FY2016.
· During H1 FY2017 the Exchange’s market share in commodity derivative space has increased to 89.16% as against 82.44% in H1 FY2016.
· The average daily turnover (ADT) registered an increase of 14% per cent to Rs. 24,878 crore in H1 FY2017 from Rs. 21,849 crore during the corresponding period in the previous year.
· The volume (in terms of commodity futures contracts traded on the Exchange) witnessed a healthy growth of 14 per cent in H1 FY2017 to 123 million lots, compared with 108 million lots traded in H1 FY2016.
Mr. Mrugank Paranjape, MD & CEO, MCX said: “While our business continues to grow steadily demonstrating its resilience, we are intensely focused on enhancing our talent pool and technology, to meet the evolving requirements. Further, strengthened regulatory architecture of India’s commodity derivatives market and introduction of new products such as options, along with the possible entry of institutional participants’ holds mammoth potential for MCX as it endeavours to meet the concomitant demand for risk management solutions of a growing economy.”

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