The stocks of the Multi Commodity Exchange of India (MCX) saw a decline, trading at ₹5,606.05, down by ₹411.30 or 6.84 per cent on the BSE as of 2:50 pm today.
MCX, a prominent commodity derivatives exchange in India, recorded a net profit of ₹160 crore for the quarter ending on December 31, 2024, bouncing back from a loss of ₹5 crore in the same quarter last year.
The company’s revenue from operations witnessed a significant 57 per cent year-over-year increase to ₹301 crore, with total income climbing to ₹324 crore from ₹209 crore. The EBITDA for the quarter stood at ₹216 crores, a notable improvement from a loss of ₹2 crore in the corresponding period.
The impressive performance was primarily fueled by a substantial growth in options trading, with the average daily turnover (ADT) reaching ₹2,07,090 crore in Q3, up from ₹1,93,309 crore in the previous quarter. Additionally, there was an uptick in futures trading, with ADT rising to ₹28,410 crore from ₹26,941 crore quarter-over-quarter.
For the nine months ending in December 2024, MCX reported a 106 per cent increase in overall derivatives trading turnover, reaching ₹2,09,233 crore. The exchange also witnessed a 49 per cent growth in its client base, with approximately 11 lakh traders participating during this period. MCX continued to maintain its dominant market position with a 97.97 per cent share in India’s commodity futures market.
Published on January 21, 2025.
