Contribution to SGF hits profitability

Company
11 Mar 2024
5 Min read 
  • MCX reported a loss of INR54m, higher than expected, but overall volumes improved significantly.
  •  Total revenue grew by 33% YoY, mainly led by a beat in non-transaction revenues.
  •  MCX is in the process of launching new products and has successfully migrated to a new platform.
  •  The company absorbed the entire technology exceptional item and expects relatively stable costs going forward.
  •  DMA for FPI investors has been launched, and new product launches are planned.
  •  FY25 and FY26 EPS estimates have been raised to factor in stronger volume trajectory.
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