MCX Q3 Review - Traction In New Products To Drive Business Growth: ICICI Direct 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Multi Commodity Exchange of India Ltd. reported slight moderation in ADTO (Average Daily Turnover) attributable to upfront margin requirement impacting volume.

Operational performance remained healthy led by steady revenue and controlled opex. Decent growth in other income and utilization of moving annual turnover credit resulted in strong earnings growth.

ADTO in commodity futures on the exchange increased by 4% to Rs 32,181 crore in Q3 FY21, however, a 15% moderation was witnessed sequentially attributable to decline in gold price and kicking in regulatory requirement of upfront margin.

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