MCX shares drop 6.84% on BSE, reports ₹160 crore profit in Q3, 106% increase in derivatives trading turnover
The shares of Multi Commodity Exchange of India (MCX) were trading at ₹5,606.05 down by ₹411.30 or 6.84 per cent on the BSE today at 2.50 pm.
MCX, one of the India’s largest commodity derivatives exchanges, reported a net profit of ₹160 crore for the quarter ended December 31, 2024, rebounding from a loss of ₹5 crore in the same period last year.
Jump in revenue
The company’s revenue from operations jumped 57 per cent year-over-year to ₹301 crore, while total income rose to ₹324 crore from ₹209 crore. EBITDA for the quarter stood at ₹216 crores, compared to a loss of ₹2 crore in the corresponding quarter.
The strong performance was driven by significant growth in options trading, with average daily turnover (ADT) reaching ₹2,07,090 crore in Q3, up from ₹1,93,309 crore in the previous quarter. Futures trading also saw an uptick, with ADT increasing to ₹28,410 crore from ₹26,941 crore quarter-over-quarter.
For the nine months ended December 2024, MCX reported a 106 per cent increase in overall derivatives trading turnover, reaching ₹2,09,233 crore. The exchange also saw a 49 per cent growth in its client base, with around 11 lakh traders participating during this period. MCX maintained its dominant market position with a 97.97 per cent share in India’s commodity futures market.
