MCX revises transaction fees on futures and options contracts; Company to charge ₹41.80 per lakh of premium turnover value

Multi Commodity Exchange (MCX) shares climbed higher on Wednesday after the company announced that it would revise transaction fees on futures and options contracts. The company stated that the changes in the transaction fees will be applicable from October 1, 2024. Shares of the company were trading higher by nearly 1% at ₹5,935 per share.

As per the revised fee structure, MCX will charge ₹2.10 per lakh of turnover value on future contracts. Additionally, the company revised the transaction fee on options contracts to ₹41.80 per lakh of premium turnover value.

MCX stated that the transaction fees are true to label. Members should not charge clients fees that exceed the exact amount set by MCX.

Shares of MCX have performed well recently and have provided returns of nearly 38% in the past 3 months, with the stock price rising 22% in the past month.

For the quarter ended June 30, 2024, the company announced a 464% year-on-year (YoY) surge in net profit to ₹110.92 crore. The total consolidated revenue for the quarter was up 52% YoY to ₹253.19 crore.

In Q1FY25, the earnings before interest, taxes, depreciation, and amortisation (EBITDA) skyrocketed 386% YoY to ₹151.38 crore.

The company’s average daily turnover in the futures segment was up 21% YoY to ₹25,985 crore. Meanwhile, the options segment’s average daily turnover in Q1FY25 jumped 137% YoY to ₹1,46,771 crore.

At the end of the first quarter of FY25, the company held 97.84% of the commodity futures market share. The company has a 100% market share in precious metals, base metals, and commodity index futures. It has a 99.99% market share in energy futures while it has only captured 2.55% of the agri commodities market share.

Shares of the company have risen by nearly 216% since the beginning of the year. The stock has gained over 496% in the past year.