Multi Commodity Exchange Of India Limited · NSE:MCX
Multi Commodity Exchange Of India — Q4 FY2024 Earnings Presentation
21 slides from Multi Commodity Exchange Of India's earnings presentation, Apr 23, 2024
Slide 1: Q4 FY 23-24
Q4 FY 23-24 www.mcxindia.com 1
Slide 2: Consolidated Highlights FY 2024
C O N S O L I D AT E D H I G H L I G H T S F Y 2 0 2 4 ADT FUT- ₹ 19,636Cr. (16 %) OPERATING REVENUE TOTAL REVENUE (₹ 23,514 Cr.) ₹ 683.55 Cr. 33% ₹ 758.94 Cr. 31% OPT- ₹ 89,244Cr. 162% (₹ 513.51 Cr.) (₹ 581.17 Cr.) (₹ 33,998 Cr.) PAT EBIDTA SGF ₹ 83.11 Cr. (44%) ₹ 139.70 Cr. (36%) ₹780.94 Cr.* (₹ 1
Slide 3: Consolidated Highlights Q4 FY 2024
C O N S O L I D AT E D H I G H L I G H T S Q 4 F Y 2 0 2 4 ADT FUT: Rs. 17,558 Cr. (15)% OPERATING REVENUE Total Revenue (Rs. 20,632 Cr.) ₹ 181.14 Cr. 35% ₹ 199.45 Cr. 30% OPT: Rs.1,13,672Cr.149% ₹ 133.75 Cr ₹ 153.83 Cr. (Rs. 45,710 Cr.) PAT EBIDTA SGF ₹ 87.87 Cr. 1512% ₹ 120.33 Cr. 443% ₹ 780.94 Cr
Slide 4: Consolidated Key Financials
C O N S O L I D AT E D K E Y F I N A N C I A L S OPERATING REVENUE (IN RS. CRORE) TOTAL REVENUE (IN RS. CRORE) 800.00 800.00 758.94 683.55 700.00 700.00 581.17 600.00 600.00 513.51 500.00 500.00 400.00 400.00 300.00 300.00 191.53 199.45 209.26 181.14 200.00 133.75 200.00 153.83 100.00 100.00 0.00 0.
Slide 5: Commodity Derivatives Market
C O M M O D I T Y D E R I VAT I V E S M A R K E T INDIAN COMMODITIES MARKET IN TERMS OF VALUE COMMODITY FUTURES MARKET SHARE OF FUTURES & OPTIONS TRADED (INR TN) FY23-24 FUTURES MARKET SHARE IN KEY SEGMENTS MCX COMMODITIES FUTURES TURNOVER FY23-24 FY23-24 MCX Market Share in Commodity Proportion of
Slide 6: Operational Highlights
O P E R AT I O N A L H I G H L I G H T S AVERAGE DAILY TURNOVER (ADT)* (INR Crore) EXTENSIVE REACH 547 Members 36,312 Authorised Persons 687 cities/towns across India #No. of UCCs : 2,30,58,165 All data as on March 31, 2024 ; # Registered Unique Client Code ADT - FUTURES (INR Crore) ADT - OPTIONS (I
Slide 7: Operational Highlights: Average Daily Turnover
O P E R AT I O N A L H I G H L I G H T S Average Daily Turnover (Rs. in Cr.)* FUT & OPT FY22-23 FY23-24 Q4 FY22-23 Q3 FY 23-24 Q4 FY23-24 BULLION 13,094 21,385 15,441 21,635 24,211 ENERGY 40,549 85,531 47,555 93,337 1,05,451 BASE METALS 3,699 1,910 3,268 1,776 1,529 AGRI 84 22 23 16 24 INDEX 88 32 6
Slide 8: Operational Highlights (contd.)
O P E R AT I O N A L H I G H L I G H T S … ( c o n t d ) Participation Q4 FY 22-23 Q3 FY 23-24 Q4 FY 23-24 details Futures Options** Futures Options** Futures Options** CLIENT 53.31 48.66 52.26 45.62 53.37 44.05 TRADING % Traded Clients Q4 Q3 Q4 FY21-22 FY22-23 FY23-24 (in Lakh) FY22-23 FY 23-24 FY2
Slide 9: Deliverable Metal Contracts
D E L I V E R A B L E M E TA L C O N T R A C T S ➢ Witnessed deliveries of around 3.94 lakh tonnes of metals since their transition into compulsory delivery contracts ➢ Has designated warehouses in Thane, Raipur, Chennai, Kolkata and National Capital Region (NCR) ➢ Delivery (all variants) details:-
Slide 10: Key Growth Drivers
KEY GROWTH DRIVERS Distribution • Banks sponsored broking entities are allowed to provide services in commodity derivatives market • Banks are allowed to serve as Professional Clearing Members (PCM) • Integration of brokers: fungibility enabled at members level, resulting in ease of doing businesses
Slide 11: Key Milestones
K E Y M I L E S TO N E S ▪ Go Live of new Commodity Derivatives Platform on Oct 16, 2023 ▪ Launch of Mini Base Metal and Energy Products (Deliverable) ▪ Launched trading in iCOMDEX Sectoral Index futures • Licensing agreement • Sign MoU with CME Group ▪ Empaneled domestic refiners for good delivery
Slide 12: Investment Criteria
INVESTMENT CRITERIA ▪ Ensure that all shareholders are ‘fit and proper’ ▪ Shareholders who intend to acquire beyond five per cent would have to take a prior approval from SEBI ▪ Exchange to ensure 51 per cent of shareholding is held by the public at all times ▪ Aggregate Shareholding of trading memb
Slide 13: Shareholding Highlights
SHAREHOLDING HIGHLIGHTS SHAREHOLDING STRUCTURE AS ON MARCH 31, 2024 MAJOR SHAREHOLDERS HOLDING > 1% Sr. No. Name of the shareholder % 1 Kotak Mahindra Bank Ltd 14.99% 2 PPFAS Mutual Fund* 4.98% 3 HSBC Mutual Fund* 4.87% 4 Tata AIA Life Insurance Mutual Fund* 4.42% 5 Nippon Life India Mutual Fund* 4.
Slide 14: Experienced Board of Directors
E X P E R I E N C E D B O A R D O F D I R E C TO R S DR. HARSH KUMAR BHANWALA, Chairman & Public MR. CHANDRA SHEKHAR VERMA, Public Interest MR. ASHUTOSH VAIDYA, Public Interest Director Interest Director Director ▪ Former Chief Delivery and Operations Officer, Dell ▪ Executive Chairman of Capital In
Slide 15: Experienced Management Leadership
EXPERIENCED MANAGEMENT LEADERSHIP MR. MANOJ JAIN, Chief Operating Officer (COO) MR. SATYAJEET BOLAR, Chief Financial Officer DR. RAJENDRAN NARAYANAN, Chief Digital Officer# ▪ Previously with Axis Bank, IL&FS Sec. Ser. ▪ Former Chief Operating Officer of a group ▪ Previously with Indian Financial Tec
Slide 16: Multi Commodity Exchange Clearing Corporation Limited (MCXCCL)
MULTI COMMODITY EXCHANGE CLEARING CORPORATION LIMITED (MCXCCL) - India’s First Clearing Corporation in Commodity Derivatives Market ❖ 100% subsidiary of MCX ❖ Commenced operations on September 03, 2018 ❖ Settlement Guarantee Fund (SGF) corpus is Rs. 780.94 cr. ❖ Has a paid-up share capital of Rs. 23
Slide 17: Financial Overview
FINANCIAL OVERVIEW www.mcxindia.com 17
Slide 18: Financial Highlights – Q4 FY2024
FINANCIAL HIGHLIGHTS – Q4 FY2024 INCOME STATEMENT (CONSOLIDATED) INR in Crore, except for per share amounts Q4 FY2024 Q4 FY2023 Q3 FY2024 (Audited) (Audited) (Unaudited) Revenue from Operations 181.14 133.75 191.53 Other Income 18.31 20.08 17.73 Total Revenue 199.45 153.83 209.26 Employee Cost 30.70
Slide 19: Financial Highlights – FY 2024
FINANCIAL HIGHLIGHTS –FY 2024 INCOME STATEMENT (CONSOLIDATED) INR in Crore, except for per share amounts FY2024 FY2023 (Audited) (Audited) Revenue from Operations 683.55 513.51 Other Income 75.39 67.66 Total Revenue 758.94 581.17 Employee Cost 112.33 91.90 Other Operating Expenditure 506.90 271.93 T
Slide 20: Balance Sheet (Consolidated)
BALANCE SHEET (CONSOLIDATED) Rs. In Crore As on As on Particular March 31, 2024 March 31, 2023 Assets Fixed Assets 395.28 318.71 Non-Current Investment & Loan and advances 1,563.14 1,078.10 Current Assets 484.74 448.08 Cash & Bank balance included in Current Assets 965.62 1,177.86 TOTAL Assets 3,408
Slide 21: Disclaimer
DISCLAIMER Certain statements in this presentation contain forward-looking information about Multi Commodity Exchange of India Limited and its subsidiary companies, including their business operations, strategy and expected financial performance and condition. Forward-looking statements include stat
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