Multi Commodity Exchange Of India Q2 FY24 results: loss at ₹19.07Cr, Revenue increased by 29.6% YoY
Multi Commodity Exchange Of India Q2 FY24 results: Revenue increased by 29.6% YoY & loss at ₹19.07Cr
Multi Commodity Exchange Of India declared their Q2 FY24 results on 08 Nov, 2023. The topline increased by 29.6% & the loss came at ₹19.07cr. It is noteworthy that Multi Commodity Exchange Of India had declared a profit of ₹63.27cr in the previous fiscal year same period. As compared to the previous quarter, the revenue grew by 13.27%.
The Selling, general & administrative expenses rose by 7.56% q-o-q & increased by 18.28% Y-o-Y.
The operating income was down by 654.56% q-o-q & decreased by 158.94% Y-o-Y.
The EPS is ₹-3.74 for Q2 FY24, which decreased by 130.09% Y-o-Y.
Multi Commodity Exchange Of India has delivered 2.05% return in the last 1 week, 80.48% return in the last 6 months, and 59.27% YTD return.
Currently, the Multi Commodity Exchange Of India has a market cap of ₹12599.97 Cr and a 52wk high/low of ₹2666 & ₹1285.05 respectively.
As of 11 Nov, 2023, out of 9 analysts covering the company, 2 analysts have given a Sell rating, 3 analysts have given a Hold rating, 3 analysts have given a Buy rating, and 1 analyst has given a Strong Buy rating.
The consensus recommendation as of 11 Nov, 2023, was to Hold.
Multi Commodity Exchange Of India Financials
| Period | Q2 FY24 | Q1 FY24 | Q-o-Q Growth | Q2 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 165.11 | 145.77 | +13.27% | 127.4 | +29.6% |
| Selling/ General/ Admin Expenses Total | 35.13 | 32.66 | +7.56% | 29.7 | +18.28% |
| Depreciation/ Amortization | 6.57 | 4.33 | +51.73% | 5.77 | +13.86% |
| Total Operating Expense | 200.38 | 139.41 | +43.73% | 67.56 | +196.6% |
| Operating Income | -35.27 | 6.36 | -654.56% | 59.84 | -158.94% |
| Net Income Before Taxes | -17.44 | 25.44 | -168.55% | 76.72 | -122.73% |
| Net Income | -19.07 | 19.66 | -197% | 63.27 | -130.14% |
| Diluted Normalized EPS | -3.74 | 3.86 | -196.89% | 12.43 | -130.09% |
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Business NewsCompaniesCompany ResultsMulti Commodity Exchange Of India Q2 FY24 results: loss at ₹19.07Cr, Revenue increased by 29.6% YoY
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₹-19.07Cr
₹165.11Cr
First Published:11 Nov 2023, 02:14 AM IST
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