Multi Commodity Exchange of India Ltd Share Price – NSE  /  BSE

Financial Services, Small Cap

Revenue from operations increased 35.43% year on year (YoY) to Rs 181.14 crore in the quarter ended 31 March 2024.

EBITDA grew to Rs 120.33 crore for the fourth quarter as against Rs 22.15 crore reported in Q3 FY23.

The contribution to settlement guarantee fund (SGF) stood at Rs 780.94 crore as of March 2024.

Average daily turnover (ADT) of futures declined 15% to Rs 17,558 crore in Q4 FY24 as compared with Rs 20,632 crore posted in corresponding quarter last year.

The options’ ADT surged by 149% to Rs 1,13,672 crore during the quarter from Rs 45,710 crore in Q4 FY23.

On full year basis, the company’s consolidated net profit decreased 44.21% to Rs 83.11 crore on 33.11% increase in revenue from operations to Rs 683.55 crore in FY24 over FY23.

The combined number of traded clients for futures and options witnessed a 50% growth to 9.32 lakh from 6.22 lakh last year.

Further, the board of directors recommended a final dividend of Rs 7.64 per equity share for the financial year ended 31 March 2024, subject to approval of shareholders.

Multi Commodity Exchange of India (MCX) is India’s first listed, national-level, electronic exchange, and India’s leading commodity derivatives exchange with a market share of about 95.2% in terms of the value of commodity futures contracts traded in financial year 2023-24. MCX offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem.

The scrip declined 4.70% to Rs 3,838.85 on the BSE.

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Multi Commodity Exchange of India announced that the Board of Directors of the Company at its meeting held on 23 April 2024, has recommended a Final dividend of Rs.7.64 per share (i.e.76.4%), subject to the approval of the shareholders.

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Net profit of Multi Commodity Exchange of India rose 1512.29% to Rs 87.87 crore in the quarter ended March 2024 as against Rs 5.45 crore during the previous quarter ended March 2023. Sales rose 35.43% to Rs 181.14 crore in the quarter ended March 2024 as against Rs 133.75 crore during the previous quarter ended March 2023.

For the full year,net profit declined 44.21% to Rs 83.11 crore in the year ended March 2024 as against Rs 148.97 crore during the previous year ended March 2023. Sales rose 33.11% to Rs 683.55 crore in the year ended March 2024 as against Rs 513.51 crore during the previous year ended March 2023.

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Multi Commodity Exchange of India will hold a meeting of the Board of Directors of the Company on 23 April 2024.

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