MCX

METAL & ENERGY

Trade with Trust

MCX/SEC/1110

September 01, 2016

The Dy. General Manager,

Corporate Relations & Services Dept.,
The Bombay Stock Exchange Limited
Phirojsha Jeejibhoy Towers,
Dalai Street, Mumbai - 400 001
Ref.: Scrip code: 534091 Scrip ID: MCX
Sub. : Investor Presentation for quarter ended June 30, 2016
Dear Sir,
Please find enclosed herewith investor presentation for quarter ended June 30, 2016.
Kindly take the same on record and acknowledge receipt.
Thanking you,
Yours faithfully,
For Multi Commodity Exchange of India Limited
1

Jay Puri
Company Secretary & CCO

MULTI COMMODITY EXCHANGE OF INDIA LTD.

EXCHANGE SQUARE, SUREN ROAD, ANDHERI (EAST), MUMBAI 400 093, INDIA. TEL: +91-22-6731 8888, FAX: +91-22-6649 4151, www.mcxindia.com
CIN: L51909MH2002PLC135594, info@mcxindia.com

INVESTOR OVERVIEW
----------- AUGUST 2016 -----------

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DISCLAIMER

Certain statements in this presentation contain forward-looking information about Multi Commodity Exchange of India
Limited and its subsidiary companies, including their business operations, strategy and expected financial performance
and condition. Forward-looking statements include statements that are predictive in nature, depend upon or refer to
future events or conditions, or concern future financial performance (including revenues, earnings or growth rates),
possible future plans and action of the company. Forward-looking statements are based on current expectations and
understanding about future events.
They are inherently subject to, risks, uncertainties, and assumptions, etc. about the Company, economic factors and
the industry in general. The Companys actual performance and events could materially differ from those expressed or
implied by forward-looking statements made by the company due to, but not limited to, important factors such as
general economic, political and market factors in India and internationally, competition, technological change, and
changes in the government regulations.
The material mentioned in this presentation is general background information about the Companys activities current
at the date of the presentation. It is information given in summary form and does not purport to be complete, is
subject to change without notice and its accuracy is not guaranteed. This presentation (including any information
contained herein and any information, whether or not in writing, supplied in connection herewith) is strictly
confidential.

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OVERVIEW

Commenced operations on
November 10, 2003

As proposed in the Union Budget 2015,

FMC (the erstwhile regulator of
commodity markets) and SEBI were
formally merged on September 28th,
2015. As a result, SEBI commenced
regulating the commodity derivatives
market under Securities Contracts
Regulation Act (SCRA) 1956 with effect
from 28th September, 2015 and the
Forward Contracts Regulation Act (FCRA)
1952 got repealed with effect from 29th
September, 2015. The Act also provides
that all recognised associations under
FCRA shall be deemed to be recognised
stock exchanges under the SCRA.

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OVERVIEW

The Exchange offers:

online trading, and clearing and settlement of commodity
futures transactions
a platform for price discovery and price risk management
neutral, secure and transparent trade mechanisms
scalable technology framework

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OVERVIEW
PRODUCTS
OFFERED

SETTLEMENT

24 commodity futures
traded

Physical Delivery
(Gold, Silver,
Cardamom, Cotton,
Mentha Oil)

Key among them:

Precious metals
Gold
Silver
Metal
Aluminium
Copper
Lead
Nickel
Zinc
Energy
Crude Oil
Natural Gas
Agricommodities
Cardamom
Cotton
Crude Palm Oil
Mentha Oil

MARKET
PARTICIPANTS

SUBSIDIARIES

MAJOR
SHAREHOLDERS

Multi Commodity
Exchange Clearing
Corporation Ltd.
(MCXCCL)* (100%)

Producers/
Manufacturers
Micro Small and
Medium
Enterprises
(MSMEs)
Consumers
Individuals
Traders
Algo traders
Brokers

* - MCXCCL has not commenced operations,. Its current paid-up capital is Rs. 6 crore.
^ - SME is under process of winding up. The requisite filing by the appointed Liquidator with Registrar of the
Companies and the Official Liquidator w.r.t. the final general meeting is being done by the Liquidator and the
final order of dissolution is awaited.
# - Holding under different schemes

Kotak Mahindra Bank

(15%)
Blackstone GPV
Capital Partners
Mauritius VI FII L
(4.79%)
Axis Mutual Fund#
(4.59%)
Jhunjhunwala
Rakesh Radheshyam
(3.94%)
IDFC Premier Equity
Fund (3.73%)
Reliance Mutual
Fund# (3.39%)
Small Cap World
Fund, Inc (2.45%)

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L EWS T O N E S
OKVEEYR M
V II E
2002 -11
Incorporated in April 2002
Commenced operations in
Nov 2003
Forged strategic alliances
with NYMEX (Part of CME
Group)

2012
Became Indias first listed exchange on March 9, 2012
Recorded the highest daily turnover of Rs. 119941.42 crore (single side)
Was the 3rd largest commodity futures exchanges globally in terms of the number of
contracts traded in CY 2012*
Market share of about 87% in FY2012-13

2013
Commodity Transaction Tax (CTT) imposed effective July 1, 2013
As a result of crisis at NSEL (a subsidiary of FTIL), (1) MCXs erstwhile anchor investor,
Financial Technologies (FTIL) - declared not Fit and Proper; (2) FMC asked PwC to conduct
a forensic audit of MCXs operations since inception revealed pertinent facts
MCX underwent significant changes during 2013-14; changes in top management and Board
Market share fell to about 77%

2014
Mr. P K Singhal assigned the role of taking care of the day to day operations of the
Exchange
Technology agreement with FTIL re-negotiated more equitable terms w.e.f. July 01, 2014
FTIL sold its entire stake (26%) held in MCX between July-September 2014
Kotak Mahindra Bank Ltd. acquired 15% equity stake on September 29, 2014

2015
Market share of 87.48% in
Q4 FY 2015
Launch of futures trading in
Gold Global & Crude mini
Signed MoU with
CME Group
GIFT City
SEBI and FMC merged

2016
Appointed Mr. Mrugank
Paranjape as MD & CEO
Redesignated Mr. P K Singhal
as President & Whole Time
Director

Mr. P. K. Singhal elevated as Joint Managing Director on October 14, 2014

Regains Market share of about 86% in December 2014
* Source: Derived from Futures Industry Associations Annual Volume Survey, March 2013

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INDIAN COMMODITY MARKETS POTENTIAL

1. The growth of the overall economy in
India is expected to drive the
underlying demand for commodities.
2. The increase in physical market
volumes may increase the hedging
requirements of industry players, which
influences derivative trading volumes.
3. Commodity derivative volumes are
generally a multiple of the underlying
physical commodity volumes. In India,
the volumes traded on commodity
futures exchanges is very low as
compared to the size of the physical
market for the commodity. Thus, the
potential for commodity derivatives is
huge.

COMMODITY

FUTURES MULTIPLIER
FUTURES
YEAR 2015 (GLOBAL
MULTIPLIER
BENCHMARK
DURING YEAR 2015
EXCHANGES)
(MCX)

Gold

62.0

4.9

Silver

154.0

33.7

Copper

103.0

11.7

CPO

9.0

1.0

Cotton

43.0

0.4

Futures Multiplier refers to number of times future markets volume is

in comparison with the physical market size.

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S E B I - T H E N E W R E G U L AT O R

SEBIs powers to raid, search, impose penal fines

and take criminal action will ensure better market
integrity

Dabba Trade (bucket shops) which according to an

independent research agency was 3 times of the
regulated commodity markets in 2013 (pre CTT)
could get curbed

Products like options, indices, weather derivatives

and intangibles may be launched in future

Institutions like FIIs, Banks,

Mutual Funds may be allowed
to enter commodity futures
market going forward

Creates an opportunity for

commodity exchanges to enter
other segments such as
currency & equities moving
towards universal exchange

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I M PA C T O F C T T
*Commodity Transaction Tax (CTT) of 0.01%
on non-agricultural commodity futures
OUTCOME

Large corporates have

moved their hedging
positions to
international exchanges

Increased
hedging cost

Reduced
liquidity

Trading on illegal
platforms has
increased
5,63,58 terminals
(including CTCL)
manifold
8296%*
Jobbers and day traders
have stopped trading on
domestic exchanges
8296%*

* Working with various research institutions like Indian Statistical Institute - Kolkata, IIM - Bangalore, IIM - Kolkata,
Pondicherry and Delhi University to evaluate the impact of CTT on the commodity derivatives ecosystem and will to back
to the regulator with appropriate representation

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CHALLENGES

Dealing with delivery-based commodities & quality issues

Agri-commodities being a more sensitive category pose greater challenges
Current inequality of infrastructure in equity and commodity exchanges like
Colocation which is not allowed on commodity exchanges pose greater
challenges in algorithmic trading
There are changes proposed by regulators in warehousing norms & algo trading
5,63,58 terminals (including CTCL)

8296%*

Registration and transaction cost: SEBI to charge a registration and turnover fee
to commodity brokers and bring transaction cost charged by commodity brokers
at par with equity markets, this would lead to an increase in cost of trading

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S E B I N E W I N I T I AT I V E S

To allow additional position limits to genuine hedgers for trading in commodity

derivatives, it shall be effective from September 29, 2016
Revised the norms for client code modification in commodity trades, in line
with the Equity Market
SEBI has allowed trading in commodity derivatives at stock exchanges operating
in International Financial Services Centre (IFSC)
Set up an advisory committee for the commodity derivative markets to discuss
issues relating to regulations and development of commodity markets and
suggest required measures to it

SEBI issues draft paper on warehouse service providers

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SEBI INVESTMENT CRITERIA

Ensure that all shareholders are fit and proper

Shareholders who acquire above two per cent would have to seek approval from SEBI
within 15 days of acquisition
Shareholders who intend to acquire beyond five per cent would have to take a prior
approval from SEBI
Exchange to ensure 51 per cent of shareholding is held by the public at all times
Aggregate Shareholding of trading members, their associates or agents should not
exceed 49% paid-up capital at any point of time
Foreign entity can acquire or hold upto 15 per cent of the paid-up equity share
capital**
** Foreign investment in the Company up to a maximum
cap of 34% as against the prescribed sectoral cap of
49% to be taken up in the upcoming AGM.

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M C X s M A R K E T D E V E L O P M E N T E N D E AV O U R S

Conducting awareness, capacity building and stakeholder programmes

Category

Q1 FY2016-2017

FY2015-2016

FY2014-2015

FY2013-2014

Hedgers/ Industrial Associations /

Farmers

43

148

116

106

Retail Investors

51

228

249

84

Total

94

376

365

190

Note: Hedging positions in Indian commodity derivative exchanges is difficult to derive because there is no mandatory disclosure of
commodity hedging & non hedging positions unlike the International commodity exchanges

Educational programmes for broad basing the commodity market ecosystem

Releasing Dos and Donts advertisements to enlighten market participants on the merits of trading on
regulated commodity futures exchanges

Releasing Benefits of Hedging in India advertisements across various reputed publications to educate the
physical markets on the importance of using MCX for commodity price risk management

Engaging with print and electronic media, coupled with evidence-based policy advocacy to create
awareness and sensitise policymakers on various issues affecting the market

Empowering market participants with relevant information through monthly newsletter (MCX CommNews)
and commodity market review (Commodity Connect)

MoU with Mandsaur University, Madhya Pradesh to promote skill development, knowledge, research and
financial literacy in the commodity space through various educational initiatives

Launched MCX Certified Commodity Professional (MCCP) programme in Hindi and Gujarati
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STRENGTHS
Leadership
position in the
Indian
Commodities
Futures
Industry
Integrated
Infrastructure
and Network
of Alliances

Well designed
and scalable
technology
platform

Product &
Service
Innovation

Efficient risk
management
systems
Experienced
Board of
Directors and
Management
Team

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I N D I A S L E A D I N G E X C H A N G E
GROWTH OF INDIAN COMMODITIES MARKET IN TERMS OF VALUE OF
FUTURES TRADED (INR TN)
181
119
78
41

52

170
101
62

67

MARKET SHARE (Q1 FY 2017)

NMCE,
0.38%

NCDEX,
10.80%

MCX,
88.82%

* National Exchanges offering commodity futures only

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I N D I A S L E A D I N G E X C H A N G E
MCX: MARKET SHARE IN KEY SEGMENTS FOR Q1 FY16-17
Commodity
segment

MCX Market Share in

Indian Commodity
Futures space

Bullion
Energy
Base Metals
Agri

Proportion of
MCXs turnover

99.95%
100.00%
100.00%
14.39%

40.44%
32.44%
25.01%
2.11%

Source: Websites of National Exchanges

GLOBAL RANKING OF MCXs COMMODITY

FUTURES CONTRACTS AMONG F&O CONTRACTS
IN CY 2015**
13th
19th
20th

7th
8th

MCX CRUDE OIL FUTURES

MCX CRUDE OIL MINI FUTURES

MCX SILVER MICRO FUTURES

MCX NATURAL GAS FUTURES

MCX COPPER FUTURES

* * Source: FIA Annual Volume Survey March 2016

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I N D I A S L E A D I N G E X C H A N G E
AVERAGE DAILY VOLUME single side (INR Crore)
60,000
50,313

50,000

48,790

40,000
32,057

27,779

30,000

20,328

20,000

21,923

24,591

FY16

Q1 FY17

10,000

VOLUME OF CONTRACTS

0
FY 11

FY 12

FY 13

FY 14

FY 15

(Lots in MN)
450

390

400

375

350
300
250

213

234

214

200

149

150
100

62

50
0
FY 11

FY 12

FY 13

FY 14

FY 15

FY 16 Q1 FY17

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O P E R AT I O N A L H I G H L I G H T S
MCX MARKET SHARE IN Q1

AVERAGE DAILY TURNOVER (ADT)

Q1 FY2016 INR. 21,217 crore

Q1 FY2016 80.55%*

Q1 FY2017 INR 24,591 crore

Q1 FY2017 88.82%*

NO. OF TRADED CONTRACTS IN LOTS

EXTENSIVE REACH
711# Members

5,63,58 terminals (including CTCL)

8296%*
711# members
Q1FY2016

48 million

49,427 Authorised Persons

5,63,528 terminals (including CTCL)

Q1 FY2017

62 million

1536 cities/towns across India

8296%*

**No. of Active UCCs - 24,60,698

* SEBI, Among National Exchanges offering commodity futures

# Application Submitted to SEBI

** Unique Client Code

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T E C H N O L O G Y P L AT F O R M

Well designed platform

that ensures security,
reliability flexibility and
functionality

Scalable architecture: Capable of handling

increase in volumes with the introduction of
new instruments like options and indices and
participation of Financial Institutions as an
when regulator approves

Accessible through trader work stations or FIX/ Native

API though CTCL using multiple mode of connectivity
including:
Nationwide Private Network with Point of Presence
in 9 major cities
VSATs, MPLS and Point to Point leased lines and
internet

Handling capacity:
40 million
transactions (order
and trades put
together)

Real-time data replication to Disaster Recovery (DR)

site at New Delhi and Near Online Site at Mumbai
Upgraded DR site to conduct smooth trading
from the site if warranted
Synchronous data replication to Near Online Site
to achieve zero data loss

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RISK MANAGEMENT

Intrusion detection and prevention system

48 approved banks and 2 custodians help manage the member collateral deposits

15 clearing banks help manage the funds settlement (daily mark-to-market settlement and delivery)
at the in-house clearing house

28 Exchange-accredited warehouses and 3 vaults support physical delivery

Online real-time risk monitoring system and mechanisms track members financial strength, margin
utilisation and mark-to-market losses against deposits made by them to MCX

Preponing the pay-in time to 9:30 AM from 11:00 AM thereby mitigating the risk of the time gap of
the opening of trading session and the pay-in time

System automatically generates alerts and takes pre-decided actions

8296%*
711#
Adequacy of Settlement Guarantee Fund and Investor (Client) Protection
Fund
ismembers
monitored regularly
based on FMC (Erstwhile Regulator) guidelines
48 million

5,63,58 terminals (including CTCL)

SGF corpus as on June 30, 2016 was Rs. 258.01 crore ((Provisional) cash component of Rs.
188.83 crore and non cash component
62 million of Rs. 69.18 crore)
8296%*
IPF corpus of about Rs. 126.94 crore (Provisional) as on June 30, 2016

Currently, clearing and settlement of all trade is done in-house, MCXCCL will get operational in FY
2017-18

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RISK MANAGEMENT
Extreme Loss Margin
(ELM)

SEBI mandated levy of ELM in addition to VaR based Initial Margins

ELM margin stipulated at 1%
Spread Margin Benefit not allowed on ELM (on Initial Margin, spread margin benefit of 75
per cent is provided)

Risk Reduction Mode

(RRM)

When member utilises 90 per cent of margin limits, order level margin adequacy check
carried out
Member put to normal mode only on reducing the margin utilisation at or below 85 per cent
Implemented RRM with effect from September 14, 2015
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E X P E R I E N C E D B O A R D O F D I R E C TO R S
SATYANANDA MISHRA, IAS (Retd.), Chairman, Public Interest
Director
Former Information Commissioner, Govt of India
Handled various assignments in different capacities , Govt of
India viz. Secretary, Department of Personnel & Training,
Establishment Officer, Principal Secretary, Public Works
Department, etc.

SAURABH CHANDRA, Public Interest Director

Former Secretary to the Ministry of Petroleum and Gas, GoI
Former Secretary in the Department of Industrial Policy and
Promotion (DIPP)
Has over 37 years of experience in various assignments, Spent
over 17 years in the Secretariat, both with State & Central
Govt.; worked in different capacities in the Ministry of
Finance, Ministry of Commerce and Industry, Ministry of
Chemicals & Fertilizers, in the Government of India

G. ANANTHARAMAN, IRS (Retd.), Public Interest Director

MS. PRAVIN TRIPATHI, Public Interest Director

Presently, Special Advisor to the Chairman, Tata Realty &

Infrastructure Limited

Former Deputy Comptroller and Auditor General of India

Former Chief Commissioner of Income Tax, Mumbai

Former Member of Competition Appellate Tribunal

(COMPAT)

Former whole time member of SEBI

ARUN NANDA, Public Interest Director

DR. M. GOVINDA RAO, Public Interest Director

Presently, Chairman of Mahindra Holidays & Resorts (I)

Ltd. and Mahindra Lifespace developers Ltd and Director
of Holiday Club Resorts Oy, Finland.
Over 40 years of extensive experience with Mahindra
Group.

Presently, Emeritus Professor at National Institute of Public

Finance and policy (NIPFP)

S.

Former Member - 14th Finance Commission & Director of NIPFP

Former Member- Economic Advisory Council to the Prime Minister

K. MITRA, Public Interest Director

Currently on the Board of several reputed companies as an Independent Director & Advisor
Previously associated with Aditya Birla Group, GIC Mutual Fund, Standard Chartered & AMEX in various capacities.
Over 39 years of extensive management experience in Financial Sector.
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E X P E R I E N C E D B O A R D O F D I R E C TO R S
M.A.K. PRABHU, Shareholder Director

AJAI KUMAR, Shareholder Director

Presently, Managing Director (Integrated Treasury Wing) ,

Canara Bank Securities Ltd.
Working with Canara Bank since 2001 in various senior
capacities.

Presently, Senior Strategic Advisor - Retail and Business

Banking, Yes Bank Ltd.
Former Chairman & Managing Director, Corporation Bank

AMIT GOELA, Shareholder Director

MS. PADMA RAGHUNATHAN, Shareholder Director

Presently, Partner at Rare Enterprises

Former AVP (Private Equity) Reliance Capital and CEO at
Alchemy Share & Stock Brokers
Over 21 years of experience in Capital Market

Presently, working as Chief General Manager in Finance

Department at NABARD
Has closely worked with the community-centred
institutions engaged in upliftment of livelihood prospects
of rural poor

MS. MADHU VADERA JAYAKUMAR, Shareholder Director

HEMANG RAJA, Shareholder Director

An independent investor in Financial Markets

Former, Founder CEO of E-Commodities Limited
Over 13 years of experience in Financial Services Industry

Former, Country Advisor India to Asia Growth Capital Advisors

(AGCA) for managing India Investments
Former, MD and Head India at Ritchie Capital, a part of Credit
Suisse Private Equity
Has over 33 year of experience in Financial Industry

MRUGANK M. PARANJAPE, MD and CEO

Over 25 years of diverse experience in Corporate Banking,
Securities Markets, Technology, Asset Management, and
Custodial Services
Former Managing Director of Deutsche Bank A.G.
Held senior management roles in international
organisations including Prudential ICICI AMC and Citibank

PARVEEN KUMAR SINGHAL, President & Whole Time Director

Former Division chief- SEBI
Former Director- FMC
Former Executive Director & CEO - Delhi Stock Exchange Limited
Over 41 years of executive cadre experience
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EXPERIENCED MANAGEMENT LEADERSHIP

MRUGANK M. PARANJAPE, MD and CEO

PARVEEN KUMAR SINGHAL, President & Whole Time Director

Over 25 years of diverse experience in Corporate Banking,

Securities Markets, Technology, Asset Management, and
Custodial Services
Former Managing Director of Deutsche Bank A.G.
Held senior management roles in international organisations
including Prudential ICICI AMC and Citibank

Ex-Division chief - SEBI

AJAY PURI, Company Secretary, Head IR & CSR

KRISHNAN VISHWANATHAN, Chief Regulatory Officer

Ex-President Atherstone Capital

Over 36 years of experience in the field of Company Law,
Legal, Secretarial & taxation functions with organisations
such as Bharti Telecom, Weston Electronik, Crowne Plaza
Toronto Centre

Previously worked with Barclays Shared Services, India

Over 25 years of experience in the field of regulatory and risk
management

RAHI RACHARLA, Senior VP, Technology

NARENDRA KUMAR AHLAWAT, Senior VP, Market Operations

Previously worked with JP Morgan, Bangalore

Over 25 years of experience in the field of technology

Ex-CTO - MCX-SX
Over 28 years of experience in market operations;
Development & Technology

RAMALINGAM M., Senior VP, Market Operations

Dr. RAGHAVENDRA PRASAD, Senior VP, Legal

Ex-CEO of ISE Securities & Services Ltd.

Ex- Asst. General Manager of Investor Services of India Ltd.
Over 26 years of experience in trading, risk management,
securities & fund settlement

Ex-Deputy Legal Officer - SEBI

Ex-Legal Officer - RBI

Ex-Director- FMC
Ex-Executive Director & CEO- Delhi Stock Exchange Limited
Over 41 years of executive cadre experience

Over 24 years of experience in the field of legal practice

RAJENDRA GOGATE, VP, HR & Administration

Ex-General Manager(Facilities) - TATA Teleservices & Dy. GM - Essar
Over 33 years of experience in the field of General Administration, Facilities Management.
Note: Few Key senior personnel are in the process of being
hired including the CFO

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P R O D U C T & S E R V I C E I N N O VAT I O N

Launched mini
contracts in India

Initiated Evening
Trading Sessions

Information
Dissemination
Services

Clearing House
Services

Developed Realtime Commodity

Indices*

First Exchange in India to launch mini contracts to cater to needs of small traders and SMEs

First Exchange in India to initiate evening sessions to synchronise with trading hours of major
international markets

Provides real-time data-feed on trading prices, trading volume and other information on the commodity
futures contracts traded on MCX and on the spot market to financial information service agencies
Offers training and certification programmes to educate existing and potential market participants about
the industry
Installs tickers for market data dissemination at local mandis to enable tracking price of traded commodity
futures

Set up MCX CCL, a 100% subsidiary, to act as a separate clearing house and undertake clearing and
settlement of trades and provision of counterparty risk guarantee on MCX. As on date, MCX CCL has not
commenced operations. Currently, clearing and settlement is done in-house, it will get operational in FY
2017-18

First Commodity Exchange in India to develop real-time commodity futures index: MCXCOMDEX
Other indices developed:
MCXAgri ( Agricultural Commodities Index)
MCXEnergy ( Energy Commodities Index)
MCXMetal ( Metal Commodities Index)
RAINDEX - For Mumbai (RAINDEXMUM), Indore (RAINDEXIDR), and Jaipur (RAINDEXJAI)

* Currently, Indian commodity derivative exchanges are

not allowed to offer Commodity Indices for trading.

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I N T E G R AT E D I N F R A S T R U C T U R E A N D
NETWORK OF ALLIANCES
GLOBAL ALLIANCES*

Facilitate sharing of information

across regional global exchanges
Allow penetration of new markets
and increase market presence
Enhance product offerings

*All logos used here are trademarks of respective

companies | As on 30 June 2016

INDIAN ALLIANCES
Tie-ups with Indian trade bodies and associations,
corporate, educational institutions and R&D
centres enable it to engage the stakeholders,
improve trade practices, create awareness and
facilitate overall improvement of the Indian
commodity futures market
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FINANCIAL OVERVIEW

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FINANCIAL HIGHLIGHTS Q1 FY16-17

INCOME STATEMENT (STANDALONE)
INR CR, except for per share amounts

Q1 FY2017
(Unaudited)

Q1 FY2016
(Unaudited)

Change
Q/Q

Operating Income

62.98

56.21

12%

Other Income

30.81

19.96

54%

Total Income

93.79

76.17

23%

Less : Operating & Other Expenses

40.79

37.35

9%

EBITDA

53.00

38.82

37%

57%

51%

4.98

6.37

-22%

48.02

32.45

48%

Profit/(Loss) after Exceptional items & before tax

48.02

32.45

48%

Less : Provision for tax

15.21

11.22

36%

Profit after tax

32.81

21.23

55%

35%

28%

Other Comprehensive income (net of tax)

(0.05)

(38.89)

-100%

Total Comprehensive income

32.76

(17.66)

-286%

6.46

4.18

55%

EBITDA Margin
Less: Interest & Depreciation
Profit before Exceptional items & Tax
Less : Exceptional items

PAT Margin

Basic EPS* (INR) (Quarterly figures not Annualised)

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T R A N S A C T I O N C H A R G E S & A V G . V A L U E R E A L I S AT I O N

NON-AGRI
COMMODITIES

AVERAGE DAILY
TURNOVER

TRANSACTION FEE RATES

Up to Rs. 350 crore

Rs. 2.10

On incremental
turnover above
Rs. 350 core

Rs. 1.40

(PER RS. 1 LAKH OF TURNOVER)

Financial year

Average value realisation

per lakh Rupee traded

FY-2013-14

1.84

FY-2014-15

1.84

FY 2015-16

1.80

Q1 - FY 2016-17

1.78

AGRI COMMODITIES

AVERAGE DAILY
TURNOVER

TRANSACTION FEE RATES

Up to Rs. 20 crore

Rs. 0.75

On incremental
turnover above
Rs. 20 core

Rs. 0.50

(PER RS. 1 LAKH OF TURNOVER)

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29

SHAREHOLDING HIGHLIGHTS
SHAREHOLDING STRUCTURE AS ON JUNE 30, 2016

TRUSTS,
0.03%

NBFCs
REGISTERED
WITH RBI,
0.05%
EMPLOYEE
TRUSTS,
0.36%

MUTUAL
FUNDS,
20.11%

NONRESIDENT
INDIANS,
1.62%
HUF, 1.76%

CLEARING
MEMBERS,
0.24%

DIRECTORS
AND
RELATIVES,
0.01%

EMPLOYEE,
0.23%
FOREIGN
PORTFOLIO
INVESTORS,
17.81%

BODIES
CORPORATE,
9.39%

INDIVIDUALS,
27.85%

MAJOR SHAREHOLDERS
SHAREHOLDING MORE THAN 1%

FINANCIAL
INSTITUTIONS/
BANKS,
20.53%

Sr. No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

Name of Shareholders

Kotak Mahindra Bank Limited

15.00
Blackstone GPV Capital Partners Mauritius VI FII Ltd.
4.79
Axis Mutual Fund*
4.59
Jhunjhunwala Rakesh Radheshyam
3.94
IDFC Premier Equity Fund
3.73
Reliance Mutual Fund*
3.39
Small Cap World Fund, Inc
2.45
L&T Mutual Fund*
1.92
Tata Mutual Fund*
1.48
Baron Emerging Markets Fund
1.47
IFCI Limited
1.40
ICICI Prudential Mutual Fund*
1.23
The National Bank for Agriculture & Rural Development 1.19
JP Morgan Indian Investment Company (Mauritius) Ltd. 1.10
Goldman Sachs India Fund Limited
1.06
HDFC Bank Ltd.
1.03
Vanaja Sunder Iyer
1.03

* Holding under different schemes

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30

L AT E S T F I N A N C I A L R E S U LT S

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31

U N A U D I T E D F I N A N C I A L R E S U LT S F O R
Q U A RT E R E N D E D J U N E 3 0 , 2 0 1 6

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32

THANK YOU

INVESTOR RELATIONS CONTACT:

Mr. Ajay Puri
Company Secretary, Head IR & CSR
+91 22 6731 8888
Ajay.puri@mcxindia.com

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