MCX

METAL & ENERGY

Trade with Trust

October 25, 2016

MCX/SEC/1184
The Dy. General Manager
Corporate Relations & Service Dept.,
BSE Limited,
Phirojsha Jeejibhoy Towers,
Dalal Street, Mumbai 400 001.
Scrip Code: 534091, Scrip Name: MCX

Sub. : Un-Audited Financial Results (Standalone) for quarter ended September 30, 2016
Board Meeting Tuesday, October 25, 2016
Dear Sir,
Pursuant to Regulation 30 read with Regulation 33 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, please be informed that the Board of Directors of the
Company at its meeting held today, inter-alia, has approved the Un-audited Financial Results
(Standalone) of the Company for the quarter and half year ended September 30, 2016. Please
find enclosed herewith certified copy of the Un-audited Standalone Financial Results and the
Limited Review Report issued by the Statutory Auditors of the Company:
Kindly take the above information on record and acknowledge receipt of the same.
Thanking you,
Yours faithfully,
For Multi Commodity Exchange of India Limited
Aj
ompany Secretary & CCO
Encl: a/a

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

Multi Commodity Exchange of India Limited

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2016
in Lakh, except per share data)
Particulars

Sr No

Half year ended

Quarter ended
30-09-2016

30-06-2016

30-09-2015

30-09-2016

30-09-2015

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

(a) Income from operations

5,955.63

5,823.33

5,634.83

11,778.96

10,812.43

(b) Other operating Income

569.02

475.14

489.79

1,044.16

933.49

6,524.65

6,298.47

6,124.62

12,823.12

11,745.92

1,436.91

1,432.68

1,137.16

2,869.59

2,057.58

423.79

492.35

645.02

916.14

1,271.42

1,071.45

1,057.42

1,002.20

2,128.87

1,909.70

52.51

178.15

706.19

230.66

1,066.89

1,447.02

1,411.29

1,475.10

2,858.31

3,022.10

4,431.68

4,571.89

4,965.67

9,003.57

9,327.69

2,092.97

1,726.58

1,158.95

3,819.55

2,418.23

3,018.18

3,080.89

2,880.69

6,099.07

4,876.72

5,111.15

4,807.47

4,039.64

9,918.62

7,294.95

4.50

5.90

6.97

10.40

17.75

5,106.65

4,801.57

4,032.67

9,908.22

7,277.20

5,106.65

4,801.57

4,032.67

9,908.22

7,277.20

10 Tax Expenses

1,341.80

1,520.67

973.36

2,862.47

2,095.05

11 Net Profit after tax (9-10)

3,764.85

3,280.90

3,059.31

7,045.75

5,182.15

1 Income from operations

Total Income from operations

2 Expenses :
a)

Employee benefits expense

b)

Depreciation and amortisation expense

c)

Software support charges

d)
e)

Advertisement expenses
Other expenses

Total Expenses
3 Profit from operations before other income, finance costs and

exceptional items(1-2)
4 Other Income
5 Profit from ordinary activities before finance costs and

exceptional items(3 + 4)
6 Finance costs
7 Profit from ordinary activities after finance costs but before

exceptional items(5 - 6)
8 Exceptional Items
9 Profit from ordinary activities before tax(7-8)

12 Other Comprehensive Income (net of tax)

(674.26)

(5.17)

(4.31)

(679.43)

(3,893.03)

13 Total Comprehensive Income (11 + 12)

3,090.59

3,275.73

3,055.00

6,366.32

1,289.12

14 Paid-up Equity Share Capital

5,099.84

5,099.84

5,099.84

5,099.84

5,099.84

Face Value of

10/- each

15 Earnings per share (not annualised)

a)

Basic (Rs.)

7.41

6.46

6.02

13.86

10.20

b)

Diluted (Rs.)

7.40

6.46

6.01

13.86

10.19

GUPT

fl, P;s\rf

MU BM

Multi Commodity Exchange of India Limited

STATEMENT OF STANDALONE UNAUDITED ASSETS AND LIABILITIES AS AT SEPTEMBER 30,2016
Particulars

Rs. In Lakhs

ASSETS
(1) Non-current assets
(a) Property, plant and equipment
(b) Capital work in progress
(c) Other Intangible assets
(d) Non-current financial assets
(i) Non-current investments

11,990.72
52.10
1,267.03
29,926.24
4,461.71

(ii)Loans
Total Non current Assets

47,697.80

(2) Current assets

(a) Financial assets
(i) Current investments

83,636.77
536.80

(ii) Trade receivables

(iii) Cash and cash equivalent

49,629.20
2,807.46

(iv) Loans

5,570.39

(b) Other current assets

Total Current Assets

142,180.62

TOTAL ASSETS

189,878.42

EQUITY AND LIABILITIES

Equity
5,099.84

(a) Equity share capital

(b) Other equity
Equity attributable to equity holders of the parent

126,347.05

Non-controlling interests
131,446.89

Total equity
Liabilities
(I) Non-current liabilities

162.03

(a) Provisions
(b) Deferred tax liabilities
(c) Other non-current liabilities
Total Non current liabilities

52.67
2,071.41
2,286.11

(2) Current liabilities

(a) Financial liabilities
1,911.35

(i) Trade payable

(b)SGF

18,644.39

(c) Other current liabilities

33,274.89
2,314.79

(d) Provisions
Total current liabilities

56,145.42

Total liabilities

58,431.53

TOTAL EQUITY AND IABILITIES

'7,UP'r4----II V(
V(*%M. BAI 1*
.
1Ae4 I

6NE o Ace

189,878.42

Notes:
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at
their meeting held on October 25, 2016.
2.

The Company has adopted Indian Accounting Standards (Ind AS) prescribed under Section 133 of the
Companies Act, 2013 read with the relevant rules thereunder, effective April 1, 2016 (transition date being
April 1, 2015). The results for the quarter and half year ended September 30, 2015 have not been subjected
to limited review or audit. However, the management has exercised necessary due diligence to ensure that
the financial results for the quarter and half year ended September 30, 2015 provide a true and fair view of
the Company's affairs

3.

Reconciliation between financial results as previously reported and as restated under Ind AS for quarter and
half year ended September 30, 2015 are as under :
in Lakh
For quarter ended
September 30,

Particulars

2015

Net Profit/ (Loss) after tax under erstwhile Indian GAAP

Loss on Fair valuation of Investments in Mutual Fund, Exchange Traded
Fund and Equity Instruments
Employee Benefit expenses (including acturial valuation Gain/losses)
Reversal of Loss on Investments classified as Fair value through Other

For Six months

ended September
30, 2015

3,103.30

(44.65)

(564.58)
(60.77)

(6.27)

5,940.20
(14.04)

(9.11)

Comprehensive Income
Other adjustments
Deferred tax adjustments
Net Profit/ (loss) after tax under Ind AS (A)
Other Comprehensive Income (net of tax)
Total Other Comprehensive Income (B)

4.

204.84
5,182.15

16.04
3,059.31
(4.31)

(3,893.03)

(4.31)

(3,893.03)

3,055.00

Total Comprehensive Income under Ind AS (C=A+B)

(323.50)

1,289.12

The Company's business activity falls within a single segment viz. Commodity Exchange and hence has only
one reportable Operating segment as per Ind AS 108 - Operating Segments.

5.

In accordance with the regulatory guidelines, the Company has conducted Stress test for the quarter ended
September 30, 2016, to determine the adequacy of the Settlement Guarantee Fund (SGF). The SGF been
adequate, no fresh contribution from the profits have been made during the current quarter under review.

6.

Pursuant to the Consent Terms between the Company and Metropolitan Stock Exchange of India Ltd. (MSEI)
filed with and taken on record by the H'ble Bombay High Court, the Company has since received necessary
approval and no objection from SEBI for conversion of warrants of MSEI into its Equity Shares.
Accordingly the Company vide its letter dated September 29, 2016 to MSEI has exercised the conversion
right of 26,51,77,600 warrants issued as per the Scheme of Reduction cum Arrangement into 26,51,77,600
Equity shares of Re 1 each. The equity shares have since been allotted to the Company and have been
credited to demat account of the Company on October 3, 2016.
Further balance amount of Rs. 15,07,40,072 has been received on October 14, 2016 as per the Consent
Terms.

7.

Previous period figures have been regrouped / reclassified wherever necessary to conform to current
period figures
For Multi Commodity Exchange of India Limited

Place: Mumbai
Date October 25, 2016

Managing Director & CEO

MCX

Multi Commodity Exchange Of India Limited

METAL I 01E00
1141 flh It tot

Exchange Square, Suren Road, Andheri (East), Mumbai-400 093, India.

CE'si L51909MH2002PLC135594; E-mail : inforiemexindia.com ; Website: www.mcxindia.com

Extract of Statement of Standalone Unaudited Financial Results for the Quarter and Half year Ended 30 September, 2016

Particulars

Three months ended 30 Three months ended 30 Three months ended 30

September, 2016
June, 2016
September, 2015
Unaudited

Unaudited

Unaudited

Half year ended 30

September,2016

Half year ended 30

September,2015

Unaudited

Unaudited

Total Income from Operations

6,524.65

6,298 47

6,124.62

12,823.12

11,745.92

Net Profit for the period (before Tax, Exceptional and/or Extraordinary
items)

5,106.65

4,801 57

4,032.67

9,908.22

7,277.20

Net Profit for the period before tax (after Exceptional and /or
Extraordinary items)

5,106.65

4,801.57

4,032.67

9,908.22

7,277.20

Net Profit for the period after tax (after Exceptional and /or Extraordinary
items)

3,764.85

3,280 90

3,059.31

7,045.75

5,182.15

3,090.59

3,275.73

3,055.00

6,366.32

1,289.12

5,099.84

5,099.84

5,099.84

5,099.84

5,099.84

7.41
7.40

6.46
6.46

6.02
6.01

13.86
13.86

10.20
10.19

Total Comprehensive Income for the period [Comprising profit for the
period (after tax) and Other Comprehensive Income (after tax) ]

Equity Share Capital (of Rs.10/- per share)

Earnings Per Share (of Rs.10/- each) (not annualised)

Basic :
Diluted:

Notes :
1 The above is an extract of the detailed format of Quarterly and Half year ended Financial Results filed with BSE under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements)
Regulations, 2015. The full format of the Quarterly Financial Results are available on BSE's website at www.bseindia.com and on the Company's website at www.mcxindia.com.
2 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on October 25, 2016
3 The Company has adopted Indian accounting statndard ('Ind AS') from April 01, 2016. The figures for Quarter and Half year ended September 30, 2015 are also Ind AS compliant.

ti Commodity Exchange of India Limited

Place Mumbai
Date : October 25, 2016

Mru:.
njape
Managing Director & CEO

38, Bombay Mutual Building,

Tel. : +91(22) 2262 3000

2' Floor, Dr. D. N. Road, Fort,

Email : contact@shahgtipta.com
Web : www.shahgupta.com

Mumbai - 400 001.

Shah Gupta & Co.

Chartered Accountants
INDEPENDENT AUDITORS' REVIEW REPORT

The Board of Directors

Multi Commodity Exchange of India Limited
Mumbai

1.

We have reviewed the accompanying statement of unaudited financial results of Multi Commodity Exchange of
India Limited (the Company) for the quarter and half year ended 30th September 2016 (the Statement), being
submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 as modified by Circular No. CIR/CFD/FAC/62/2016 dated 5 th July
2016. Attention is drawn to the fact that the figures for the corresponding quarter and half year ended 30`r
September 2015 including the reconciliation of profit under Ind AS of the corresponding quarter and half year
ended 30th September 2015 with profit reported under previous GAAP, as reported in these financial results
have been approved by the Company's Board of Directors but have not been subjected to review. This
statement is the responsibility of the Company's Management and has been approved by the Board of
Directors. Our responsibility is to issue a report on this statement based on our review.

2.

We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, "Review of
Interim Financial Information Performed by Independent Auditor of the Entity", issued by the Institute of
Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain
moderate assurance as to whether the financial statements are free of material misstatement. A review is
limited primarily to inquiries of company personnel and analytical procedures applied to financial data and
thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not
express an audit opinion.

3.

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the
accompanying statement prepared in accordance with applicable Accounting Standards i.e. Ind AS prescribed
under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other
recognized accounting practices and policies has not disclosed the information required to be disclosed in
terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and
SEM Circular dated .5th July, 2016 including the manner in which it is to be disclosed, or that it contains any
material misstatement.

For SHAH GUPTA & CO

Chartered Accountants
Firm Registration No - 109574W

GUPTA
Viptsl K Choksi
Partner
M No, 37606
Place:
Date! October 25, 2016

MUMBAI
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