Multi Commodity Exchange of India Full Year 2024 Earnings: Misses Expectations

Multi Commodity Exchange of India (NSE:MCX) Full Year 2024 Results

Key Financial Results

• Revenue: ₹7.59b (up 31% from FY 2023).
• Net income: ₹831.1m (down 44% from FY 2023).
• Profit margin: 11% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: ₹16.30 (down from ₹29.27 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Multi Commodity Exchange of India Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 11%.

In the last 12 months, the only revenue segment was Commodity Exchange contributing ₹7.59b. The largest operating expense was General & Administrative costs, amounting to ₹5.37b (80% of total expenses). Explore how MCX's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Capital Markets industry in India.

Performance of the Indian Capital Markets industry.

The company's shares are up 7.0% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Multi Commodity Exchange of India, and understanding it should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.