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MCX Q4 Results: After reporting losses in the last two quarters, Multi Commodity Exchange of India Limited (MCX) earned a net profit of ₹87.8 crore during the January-March quarter of FY24. The exchange in the commodity derivatives market segment reported a 35% YoY rise in its revenue to ₹181.1 crore. MCX has declared a final dividend of ₹7.64 per equity share for FY24 on Tuesday. India's largest exchange in the commodity derivatives market segment reported a net loss of ₹5.4 crore during Q3 FY24. Also Read: Q4 Results: ICICI Prudential reports narrower new business margin for FY 2024 Despite an annual rise in its revenue, the Mumbai-based exchange reported a 5.42% sequential decline in its revenue from ₹191.53 crore reported during the quarter ended in December. For the financial year 2024 (FY24), MCX reported a 44.2% decline in its net profit from ₹148.97 crore reported in FY 23. MCX shares closed 3.20% higher at ₹4028.2 per share on BSE on Tuesday. Also Read: Tata Elxsi Q4 Results: Net profit drops 4.6% to ₹197 crore, revenue down 1%; dividend declared The Board of Directors of MCX recommended a final dividend of ₹7.64 per equity share for FY24. The recommended dividend will be approved by the shareholders at the 22nd Annual General Meeting. The company is yet to announce the date of the AGM, record date and eligibility of shareholders. Also Read: Tata Consumer Products Q4 Results: Net profit drops 22% to ₹267 crore, revenue down 8.5% YoY; dividend declared "Recommended a final dividend of ₹ 7.64/- per equity share (face value of Rs.10/- each) for the Financial Year ended March 31, 2024. This proposal is subject to the approval of shareholders at the ensuing 22nd Annual General Meeting of the Company. The date of 22nd Annual General Meeting, the record date to determine the eligibility of shareholders for payment of dividend and the date of payment/dispatch of dividend shall be intimated subsequently," read the MCX BSE filing. The Multi Commodity Exchange of India Ltd (MCX) reported its highest ever Average daily turnover (ADT) during FY24 since its inception, according to MCX press release. The financial year 2023-24 witnessed the highest combined ADT of Rs. 108,880 crore since inception. However, the ADT of commodity futures declined by 16.5% during the year to Rs. 19,636 crores vis-àvis Rs. 23,514 crores in FY22-23. During the quarter under review, MCX Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increased to ₹120.33 crore, which remained negative during the previous quarter. The EBITDA margin for the quarter under review stood at 60.33% and the PAT margin was 44.06%. Affected by payments to technology vendors and contributions to the Settlement Guarantee Fund (SGF), MCX EBITDA for FY24 declined by 35.73% to ₹139.70 crore as against ₹217.35 crore for the previous year. The total income of the company for the March quarter increased by 29.66% YoY to ₹199.45 crore. Whereas, it witnessed a 9.81% QoQ decline from ₹209.26 crore to ₹199.45 crore. Net profit for the quarter was at ₹87.87 crore compared to a loss of Rs. 5.35 crore over the sequential quarter ended December 31, 20 Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed - it's all here, just a click away! Login Now!
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Published: 23 Apr 2024, 10:26 PM IST
MCX FY24: Dividend declared
MCX Q4 FY24 results: Key highlights
Highest combined ADT
EBITDA growth
Income and profit margins
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