Shares of Multi Commodity Exchange of India (MCX) slumped nearly 6% on Thursday, trading at ₹5,680, down ₹324.50 or 5.4%, after the company announced its Q4 FY25 earnings. Despite reporting a strong year-on-year (YoY) performance, the results fell short of sequential expectations, triggering investor concerns.
In Q4 FY25, MCX reported a 54% YoY rise in net profit to ₹135.5 crore versus ₹87.9 crore in the same quarter last year. Revenue jumped 60.9% YoY to ₹291 crore, while EBITDA rose 57.2% to ₹160 crore. The company also declared a final dividend of ₹30 per share for FY25.
However, the quarter-on-quarter (QoQ) performance dampened sentiment. Revenue fell short of the estimated ₹297 crore, coming in at ₹291 crore. Net profit also missed expectations of ₹154 crore. Further, EBIT margin declined to 55% compared to 63.47% in the previous quarter and below the estimated 56.6%.
The stock market reacted to these shortfalls, leading to a sharp intraday fall in MCX’s stock price.
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