Multi Commodity Exchange of India Limited Reports Un-Audited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
Multi Commodity Exchange of India Limited reported un-audited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, the consolidated company’s total income increased by 43% to INR 1,091.0 million from INR 765.2 million over the corresponding quarter ended December 31, 2017. While the operating income registered a growth of 22% to INR 769.3 million from INR 628.1 million in corresponding third quarter of fiscal year 2018. Net profit for the quarter ended December 31, 2018, increased by 124% to INR 419.9 million from INR 187.7 million over the corresponding quarter ended December 31, 2017. Basic earnings per share was INR 8.26 compared to INR 3.69 a year ago.
For the nine months ended December 31, 2018, the consolidated company total income of stood at INR 2,877.9 million vis-à-vis INR 2,552.9 million during the corresponding period in fiscal year 2018. Operating revenue for the nine months ended December 31, 2018 stood at INR 2,209.0 million vis-à-vis INR 1,892.7 million during corresponding period in fiscal year 2018, an increase of 17%. Net profit after tax was INR 852.4 million or INR 16.76 per basic share compared to INR 742.2 million or INR 14.59 per basic share a year ago.
For the quarter, the standalone company total income of was INR 1,050.2 million compared to INR 748.1 million during the corresponding period in fiscal year 2018. Income from operations was INR 761.7 million compared to INR 628.1 million a year ago. Net profit after tax was INR 380.6 million or INR 7.48 per basic share compared to INR 178.0 million or INR 3.50 per basic share a year ago.
For the nine months, the standalone company total income of was INR 2,780.6 million compared to INR 2,514.7 million during the corresponding period in fiscal year 2018. Income from operations was INR 2,199.1 million compared to INR 1,892.6 million a year ago. Net profit after tax was INR 780.7 million or INR 15.35 per basic share compared to INR 723.9 million or INR 14.23 per basic share a year ago.
Multi Commodity Exchange of India Limited is a commodity derivatives exchange. The Company facilitates online trading of commodity futures and options, data feed subscription and membership. It offers a platform for trading in varied commodity derivative contracts across product segments: bullion, base metals, energy, agricultural commodities and index futures. Its flagship index series, MCX iCOMDEX, is a series of real-time commodity futures price indices, which give information on market movements in key segments traded on the exchange. The MCX iCOMDEX series consists of a composite index, apart from two sectoral indices, such as the Base Metal index, and the Bullion index and four single-commodity indices, such as Gold, Silver, Copper, and Crude Oil. Its subsidiary, Multi Commodity Exchange Clearing Corporation Ltd, provides collateral management and risk management services, along with clearing and settlement of trades executed on the exchange.
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Multi Commodity Exchange of India Limited Reports Un-Audited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
