Multi Commodity Exchange of India (MCX) Q3 24/25 earnings summary

Executive summary

• Q3 FY25 saw consolidated income from operations reach ₹301 crores, a 57% year-over-year increase, with PAT rising to ₹160 crores from a loss of ₹5.35 crores in Q3 FY24.

• Board approved unaudited results for Q3 and nine months ended December 31, 2024, with financials reviewed by the Audit Committee and no material misstatements noted.

• Maintained market leadership in commodity derivatives, especially in precious metals and energy, with a traded client base growing 49% year-over-year to 11 lakh.

• Expanded operational reach with over 540 members and presence in 633 cities/towns.

• All-time daily turnover milestone of ₹5 lakh crores achieved on January 13, 2025.

Financial highlights

• Q3 FY25 operating revenue was ₹301.38 crores, up 57% YoY; total revenue was ₹324.36 crores, and EBITDA reached ₹216.10 crores.

• PAT for Q3 FY25 was ₹160.04 crores, compared to a loss of ₹5.35 crores in Q3 FY24; basic EPS was ₹31.38, up from negative ₹1.05.

• For 9M FY25, operating revenue was ₹821.33 crores (up 63.5% YoY), and PAT was ₹424.58 crores.

• Options ADT was ₹182,000 crores, up 124% YoY; futures ADT was ₹28,410 crores, up 33% YoY.

• Surplus cash as of December 31, 2024, was ₹1,100 crores.

Outlook and guidance

• Management expects steady and consistent growth to continue, with a focus on operational excellence, compliance, and product innovation.

• New product launches, including index options and revival of Metaldex, are planned in the coming months.

• Forward-looking statements highlight risks from economic, political, and regulatory factors.