Multi Commodity Exchange rose 1.8% to hit a fresh 52-week high of Rs 6,680 a day after the commodity major swung into black. The company reported a net profit of Rs 153.6 crore in the second quarter of the current financial year compared to a loss of Rs 19.1 crore in the same quarter a year ago. The revenue from operations surged 73% to Rs 285.6 crore in Q2FY25 compared to Rs 165.1 crore in the same quarter of the previous fiscal year.
The EBITDA for MCX came in at Rs 179.4 crore in Q2 FY25 against a loss of Rs 28.6 crore in the same quarter a year ago. The company’s EBITDA margin stood at 62.8% in the reporting quarter.
MCX in Q1
India’s largest commodity exchange posted a net profit of Rs 111 crore in the first quarter of FY25 compared to Rs 20 clocked in the same quarter of the previous fiscal year. Its EBITDA rose to Rs 151 crore in Q1 FY25 against Rs 31 crore in the same period a year ago.
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MCX Vs Nifty 50
Shares of Multi Commodity Exchange have risen 3% in the past five days. It has raised investors’ wealth by 13% in the last one month and a bit over 70% in the past six months. It became a multi-bagger stock, giving returns worth 110% from year to date. The stock has risen 200% in the past one year and 483% in the last five years.
To compare, the benchmark index Nifty 50 has fallen 1.2% in the last five days. The index has fallen a bit more than 4% in the past one month. However, the index has risen 11% in the last six months and 14% from year to date. It increased investors’ wealth by 28% in the past one year and 115% in the last five years.
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