MCX shares sink 12% after earnings fail to cheer investors

Shares of Multi Commodity Exchange (MCX) slumped 12% to Rs 5,301.30 apiece in the mid-session trade on Tuesday despite the company reported a net profit of Rs 160 crore for the third quarter ended December 2024, against a loss of Rs 5 crore in the corresponding quarter of FY24.

For the reporting quarter, the revenue from operations increased by 57% YoY to Rs 301 crore compared to the corresponding quarter last year.

Meanwhile, MCX's total income for Q3 FY25 stood at Rs 324 crore, a significant jump from Rs 209 crore during the same period in the previous fiscal year, while reporting a strong EBITDA of Rs 216 crore for Q3 FY25, a dramatic turnaround from a loss of Rs 2 crore in the corresponding period of FY23-24.


For the quarter ended December 31, 2024, the EBITDA margin was 67% and PAT margin was 49%.

“There was a significant increase in the notional ADT of options during the nine months of FY24- 25, increasing by 124% to Rs. 1,82,134 crores compared to Rs. 81,186 crores over the corresponding period of FY23-24,” informed MCX in its filing to the stock exchanges.

The total traded clients in derivatives on the exchange saw a growth of 49%, reaching around 11 lakhs during 9M, FY24-25 over the corresponding period last year.

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Additionally, during the nine months of FY24-25, 5.6 MT of Gold (all variants), 489 MT Silver (all variants) and a total of 49,986 MT of base metals were delivered through the Exchange mechanism.

MCX share price history

The shares of MCX have increased by 87.4% in the last on year and by 57.4%. However, in the last 3 months, the stock has tumbled by 8.3%.

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