On Tuesday, January 21, the Multi Commodity Exchange of India (MCX) will be in the spotlight as it announced a big profit of Rs 160 crore for the third quarter, which ended in December 2024. This is a huge improvement from a loss of Rs 5 crore in the same quarter last year.
MCX’s earnings from its business have increased by 57% compared to last year, reaching Rs 301 crore. This led to a total income of Rs 324 crore for the third quarter, a big jump from Rs 209 crore last year. They also reported a strong EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of Rs 216 crore, a significant recovery from a loss of Rs 2 crore during the same period last fiscal year.
For the ended quarter, MCX had a high EBITDA margin of 67% and a profit margin of 49%. They mentioned that the trading activity in options has increased dramatically by 124% during the first nine months of FY24-25, reaching Rs 1,82,134 crore, compared to Rs 81,186 crore last year.
The number of clients trading in derivatives on the exchange grew by 49%, totaling about 11 lakh clients. In addition, during the first nine months of FY24-25, 5.6 MT of Gold, 489 MT of Silver, and 49,986 MT of base metals were delivered via the Exchange.
MCX Share Price Update: Over the past year, the shares of MCX have risen by 87.4% and are up by 57.4%. However, the stock has seen a slight dip of 8.3% in the last three months.
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