Q2 2025 Multi Commodity Exchange of India Ltd Earnings Call Transcript
Key Points
- The company's PAT in Q2 grew by 39% sequentially to INR153.62 crores.
- Operational revenue increased by 73% compared to the same quarter last year, reaching INR285.58 crores.
- Average daily turnover of futures and options rose by 27.49% to INR2.2 lakh crore.
- The number of credit clients grew by 20% quarter-on-quarter, reaching 6.8 lakh.
- MCX was awarded the Exchange of the Year title at the India Gold Conference in August 2024.
- FPI participation remains low, with only 117 FPIs registered on the Exchange.
- Technology costs are expected to increase with the introduction of AMC costs from TCS in Q3.
- The premium to notional turnover ratio is difficult to predict and may fluctuate.
- Base metal contracts face challenges due to GST issues and multiple delivery centers.
- Dependence on a few key products, such as bullion and energy, raises concerns about diversification.
Ladies and gentlemen, good day, and welcome to the Multi Commodity Exchange of India Limited Q2 FY25 earnings conference call.
Joining us on the call are Mr. Manoj Jain, Chief Operating Officer, MCX; Mr. Chandresh Shah, Chief Financial Officer, MCX; Mr. Praveen DG, Chief Risk Officer, MCX; and Mr. Rishi Nathany, Chief Business Officer, MCX.
(Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Manoj Jain, Chief Operating Officer, MCX. Thank you, and over to you, sir.
Thank you, Del. Good evening to all of you, and a very warm welcome to the Earnings and Analyst Call of Multi Commodity Exchange of India Limited for Q2 FY25.
We are glad that MCX has concluded yet another quarter on a significant positive note. The company's PAT in Q2 sequentially grew to INR153.62 crores as against INR110.92 crores, which is an increase of 39% sequentially. The operational revenue for this quarter has
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