MCX delivers exemplary Q3; watch out on January 16

Multi Commodity Exchange (MCX) has declared its Q3FY17 results on Friday after market hours. The company’s revenue has increased by 20 per cent to Rs 68.6 crore in Q3FY17 as compared to same period in previous financial year. Its EBITDA too has increased by 25 per cent to Rs 50.43 crore in Q3FY17 on a yearly basis. MCX’s net profit also has increased by 94 per cent to Rs 33.94 crore in Q3FY17 as compared to same period in previous fiscal year.

On nine month financial front, MCX’s top line has increased by 12.85 per cent to Rs 197 crore in 9MFY17 as compared to same period in previous financial year. Its EBITDA stands at Rs 159 crore with a growth of 26.19 per cent. The company’s bottom line has boosted by 51 per cent to Rs 104 crore in 9MFY17 on a yearly basis.

The stock price of MCX has declined by 2.61 per cent and closed at Rs 1190.4 on Friday, ahead of its announcement of Q3FY17 results. We can expect a positive opening for the stock price on Monday, after posting exemplary quarterly results.