MCX

METAL & ENERGY

Trade with Trust

January 13, 2017

MCX/SEC/1256
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 and nine months ended
December 31, 2016
Board Meeting Friday, January 13, 2017
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 nine months ended December 31, 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:
The meeting commenced at 2:30 p.m. and concluded at 05.45 p.m.
Kindly take the above information on record and acknowledge receipt of the same.
Thanking you,
Yours faithfully,
For Multi Commodity Exchange of India Limited

Ashwin Patel
Dy. Company Secretary
Endl: 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 NINE MONTHS ENDED 31ST DECEMBER 2016
in Lakh, except per share data)
Particulars

Sr No

Nine Months ended

Quarter ended
31-12-2016

30-09-2016 31-12-2015 31-12-2016

31-12-2015

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

(a) Income from operations

6,343.04

5,955.63

4,981.40

18,122.00

15,793.83

(b) Other operating Income

517.24

569.02

714.87

1,561.40

1,648.36

6,860.28

6,524.65

5,696.27

19,683.40

17,442.19

1,976.08

1,436.91

1,047.51

4,845.67

3,105.09

450.11

423.79

642.31

1,366.25

1,913.73

1,115.80

1,071.45

880.43

3,244.68

2,790.13

50.90

52.51

266.50

281.56

1,333.39

1 Income from operations

Total Income from operations

2 Expenses :
a)

Employee benefits expense

b)

Depreciation and amortisation expense

c)

Software support charges

d)

Advertisement expenses

e)

Other expenses

Total Expenses

1,790.97

1,447.02

1,496.36

4,649.28

4,518.46

5,383.86

4,431.68

4,333.11

14,387.44

13,660.80

1,476.42

2,092.97

1,363.16

5,295.96

3,781.39

3,116.53

3,018.18

2,033.46

9,215.60

6,910.18

4,592.95

5,111.15

3,396.62

14,511.56

10,691.57

4.60

4.50

6.46

14.99

24.21

4,588.35

5,106.65

3,390.16

14,496.57

10,667.36

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

(563.10)

(563.10)

....

4,588.35

5,106.65

2,827.06

14,496.57

10,104.26

10 Tax Expenses

1,194.48

1,341.80

1,075.92

4,056.96

3,170.97

11 Net Profit after tax (9-10)

3,393.87

3,764.85

1,751.14

10,439.61

6,933.29

9 Profit from ordinary activities before tax(7-8)

12 Other Comprehensive Income (net of tax)

(33.26)

(674.26)

(4.31)

(712.70)

(3,897.34)

13 Total Comprehensive Income (11 + 12)

3,360.61

3,090.59

1,746.83

9,726.91

3,035.95

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.)

6.68

7.41

3.45

20.54

13.65

b)

Diluted (Rs.)

6.66

7.40

3.44

20.53

13.64

Notes:
1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors at
their meeting held on January 13, 2017. The Statutory Auditors of the Company have carried out Limited
Review of the aforesaid results.
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 management has exercised necessary due diligence to ensure that the financial results
provides 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
nine months ended December 31, 2015 are as under :
in Lakh

Particulars

For quarter ended

December 31,
2015

For nine months

ended December
31, 2015

1,795.88

1,472.38

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

Loss on Fair valuation of Investments in Mutual Fund, Exchange Traded
Fund and Equity Instruments

(14.86)

(579.44)

Employee Benefit expenses (including acturial valuation Gain/losses)

(48.92)

(109.69)

Reversal of Loss on Investments classified as Fair value through Other

5,940.20

Comprehensive Income
(6.40)

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)

Total Comprehensive Income under Ind AS (C=A+B)
4.

(20.45)

25.44

230.29

1,751.14

6,933.29

(4.31)

(3,897.34)

(4.31)
1,746.83

(3,897.34)
3,035.95

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
December 31, 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.
Amount of Rs. 15,07,40,072 has been received towards balance 15,07,40,072 warrants 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
Forlti Commodity Exchange of India Limited

Place: Mumbai

Mrugrfanjape

Date: January 13, 2017

Managing Director & CEO

MCX

Multi Commodity Exchange Of India Limited

METAL A ENERGY

hid(

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

CIN : L51909MH2002P1,C135594; E-mail : info@mcxindia.com; Website: www.mcxindia.com

Extract of Statement of Standalone Unaudited Financial Results for the Quarter and Nine months Ended 31 December, 2016

Particulars

Three months ended

31 December, 2016
Unaudited

Three months ended 30 Three months ended 31

September , 2016
December, 2015
Unaudited
Unaudited

Nine Months ended

ended 31
December,2016
Unaudited

(Rs.in lakhs)
Nine Months ended
ended 31
December,2015
Unaudited

Total Income from Operations

6,860.28

6,524.65

5,696.27

19,683.40

17,442.19

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

4,588.35

5,106.65

3,390.16

14,496.57

10,667.36

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

4,588.35

5,106.65

2,827.06

14,496.57

10,104.26

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

3,393.87

3,764.85

1,751.14

10,439.61

6,933.29

3,360.61

3,090.59

1,746.83

9,726.91

3,035.95

5,099 84

5,099.84

5,099.84

5,099.84

5,099.84

6.68
6.66

7.41
7.40

3.45
3.44

20.54
20.53

13.65
13.64

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 Nine months 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 January 13, 2017
3 The Company has adopted Indian accounting statndard ('Ind AS') from April 01, 2016. The figures for quarter and Nine months ended December 31, 2016 are also Ind AS compliant.

For Multi Commodit Exchange of India Limited

Place Mumbai
Date : January 13, 2017

Mrugank Par*
Managing Director & CEO

wItA Trutt

38. Bombay Mutual Building.

2' Floor. Dr. D. N. Road, Fort,
Mumbai - 400 001.

Tel. : +91(22) 2262 3000

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

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 nine month ended 31st December 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 5th July 2016. 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
SEBI 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

Vtpui K Choksi
Partner
M. No. 37606
Place: Mumbai
Date: January 13, 2017