MCX net profit increased by 32% in Q3FY20

Multi Commodity Exchange of India Ltd (MCX) reported a net profit for the quarter ended December 31, 2019 at Rs55.57cr, up by 32% from Rs41.99cr over the corresponding quarter ended December 31, 2018.

Total income also rose by 3% to Rs112.74cr from Rs109.10cr over the corresponding quarter ended December 31, 2018. While the operating income registered a growth of 16% to Rs89.27cr from Rs76.93cr in corresponding Q3 FY2019.

EBITDA also jumped 18% to Rs62.67cr on December 31, 2019, from Rs53.13cr over the corresponding quarter ended December 31, 2018.

Further, the average daily turnover traded in commodity futures on the Exchange increased by 16% to Rs30,854cr in Q3FY20 from Rs26,614cr in the corresponding quarter of Q3FY19.

The average daily turnover (ADT) in commodity futures increased by 23% to Rs30,987cr during the nine months of FY20, from Rs25,205cr during the corresponding period of FY19, the company added.

During nine months ended FY2020, the Exchange’s markets share in commodity derivative space has increased to 93.37% as against 91.16% in the corresponding period of FY2019.

During 9M FY2020, the total quantity of 51, 658, MT of base metals has been delivered through the exchange mechanism.

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