MCX Multi Commodity Exchange of India : Errata to Outcome of Board Meeting

MCX

METAL & ENERGY

Trade with Trust

MCX/SEC/1621

January 15, 2019

The Dy. General Manager

Corporate Relations & Service Dept., BSE Limited,

P.J. Towers,

Dalal Street, Mumbai 400 001

Scrip Code: 534091, Scrip Name: MCX

Sub.: Errata to the Outcome of Board Meeting - Tuesday, January 15, 2019

This is further to our earlier letter bearing ref. no. MCX/SEC/1618 dated January 15, 2019 submitting the outcome of Board Meeting, wherein it was informed that the Board at its meeting held today, inter-a/ia, approved the Un-Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and nine months ended December 31, 2018.

Please note that there was a clerical error in the figures of Statement of Consolidated Unaudited Results for the quarter and nine months ended December 31, 2018. However, the overall Un-Audited Financial Results as submitted earlier, does not change.

The revised consolidated statement along with the copy of Un-Audited Financial Results (Standalone) of the Company for the quarter and nine months ended December 31, 2018 and the Limited Review Report issued by the Statutory Auditors of the Company is enclosed for reference.

We regret the inconvenience caused.

Kindly take the above information on record.

Thanking you,

Yours faithfully,

For Multi Commodity Exchange of India Limited

I

AjaPtr

Company Secretary

End: a/a

MULTI COMMODITY EXCHANGE OF INDIA LTD.

EXCHANGE SQUARE, SUREN ROAD, ANDHERI (EAST), MUMBA 400 093, INDIA.TEL: [phone], FAX: [phone],www.mcxindia.com ON: L51909MH2002PLC135594,[e-mail]

CIN : L51909MH2002PLC135594; E-mail :[e-mail]; Website: www.mcxindia.com

STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2018

( in Lakh, except per share data)

Standalone

Sr.

No.

31-12-18	30-09-2018	31-12-17
Unaudited	Unaudited	Unaudited
1Income from operations	7,617	7,087	6,281
2 Other Income	2,885	1,929	1,200
10,502	9,016	7,481
1,526	1,628	1,687
915	296	-
1,253	1,327	1,203
471	488	569
377	379	346
-	-	-
1,463	1,062	1,232
6,005	5,180	5,037
4,497	3,836	2,444
-	-	-
4,497	3,836	2,444
762	836	477
-	(259)	-
(71)	(126)	187
691	451	664
3,806	3,385	1,780
-	(210)	-
18
(192)
3,193
5,099.84
-
6.66
6.66

-

• 3 Total Income (1+2)

  .

  Particulars

• 4 Expenses: a)Employee benefits expense b)Clearing and Settlement expense c)Software support charges and product license fees d)Computer technology and communication expenses e)Depreciation and amortisation expense f)Finance costs g)Other expenses Total Expenses

• 5 Profit before exceptional items and tax (3-4)

• 6 Exceptional Items

• 7 Profit before tax (5-6)

• 8 Tax expenses: a)Current tax b)Excess provision for tax relating to previous years written back c)Deferred tax

  Total Tax expenses

• 9 Net Profit after tax (7-8)

• 10 Other Comprehensive Income

  Items that will not be reclassified to profit or loss (net of tax) a) Changes in fair value of Equity instruments

  Quarter ended

  b) Remeasurernent of Employee benefits obligations (9)

  Other Comprehensive Income (net of tax) (9)

11 Total Comprehensive Income (9+10) 3,797

• 12 Paid-up Equity Share Capital (Face Value of 10/- each)

• 13 Other equity

• 14 Earnings per share*

5,09984

-

a) Basic () 7.48

b)

Diluted () 7.48

* Earnings per share for the interim periods is not annualised.

Year ended
31-03-18
Audited
21,991	18,926	25,984
5,815	6,221	8,636
27,806	25,147	34,620
4,955	5,246	6,796
1,211	-	-
3,969	3,606	4,944
1,469	1,797	2,291
1,123	1,306	1,666
1	-	-
3,526	3,256	4,521
16,254	15,211	20,218
11,552	9,936	14,402
2,380	-	-
9,172	9,936	14,402
1,761	1,938	2,836
(259)	-	-
(137)	759	931
1,365	2,697	3,767
7,807	7,239	10,635
(210)	(126)	259
32	11	(14)	6
32	(199)	(140)	265
1,812	7,608	7,099	10,900
5,099.84	5,099.84	5,099.84	5,099.84
-	-	-	132,527
3.50	15.35	14.23	20.91
3.50	15.35	14.23	20.91

Unaudited Unaudited

Nine Months ended 31-12-18 31-12-17

Notes:

1.

The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on January 15, 2019.

2. The above Standalone Financial results for the quarter and Nine Months ended December 31, 2018 are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment

• Rules, 2016.

• 3. Effective from April 1, 2018, the Company has adopted Ind AS 115 "Revenue from contracts with customers" using the cumulative effect method. The standard is applied retrospectively only to contracts that are not completed as at the date of initial application and the comparative information is not restated in the Interim statement of profit and loss. The adoption of the standard did not have any material impact to the financial statements of the Company.

• 4. The SGF norms vide SEBI circular dated August 27, 2014 prescribes at least 25% of the Minimum Required Corpus for the Exchange. Accordingly, appropriate contributions has been made by the Exchange as on December 31, 2018.

• 5. 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.

• 6. Previous period/year's figures have been regrouped/reclassified wherever necessary to conform to current period's/year's figures.

For Multi Commodity Exchange of India Limited

Place: Mumbai

Date: January 15, 2019

Mrugank Paranjape Managing Director & CEO

CIN : L51909MH2002PLC135594; E-mail :[e-mail]; Website: www.mcxindia.com

STATEMENT OF CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31. 2018

( in Lakh, except per share data)

Consolidated

Sr.

Particulars

1Income from operations

• 2 Other Income

• 3 Total Income (1+2)

• 4 Expenses: a)Employee benefits expense b)Software support charges and product license fees c)Computer technology and communication expenses d)Depreciation and amortisation expense e)Finance costs f)Other expenses Total Expenses

• S Profit before exceptional items,Share of Profit of Associate and tax (3-4)

• 6 Exceptional Items

• 7 Profit before tax and Share of Profit of Associate

• 8 Share of Profit of Associate

• 9 Profit before tax (7+8)

• 10 Tax Expenses: a)Current tax b)Excess provison for tax relating to prior years written back c)Deferred tax

  Total Tax expense

• 11 Net Profit after tax (9-10)

• 12 Other Comprehensive Income

  Items that will not be reclassified to profit or loss (net of tax)

  • a) Changes in fair value of Equity instruments

  • b) Remeasurement of Employee benefits obligations

  Other Comprehensive Income (net of tax)

• 13 Total Comprehensive Income (11+12)

  Quarter ended

  31-12-18

  30-09-18

  Unaudited 7,693 3,217 10,910

  Unaudited 7,110 2,217 9,327

  1,769 1,630 572 384 - 1,626 5,981

  1,743 1,451 515

  381

  - 1,111 5,201

  4,929

  4;126

  -

  -

  • 4,929 4,126

  22

  Nine Months ended

  31-12-17

  Unaudited 6,281 1,371 7,652

  1,687

  1,203

  577

  346 - 1,278 5,091

  -

  2,561 - 2,561 -

  4,951

  • 4,126 2,561

  31-12-18

  31-12-17

  Unaudited 22,090 6,689 28,779

  Unaudited

  18,927 25,984 6,602 9,202 25,529 35,186

  5,367 4,470 1,598 1,131

  5,246 6,821 3,606 4,944 1,804 2,291 1,306 1,666

  1

  -

  3,777 16,344

  3,381 4,742 15,343 20,468

  12,435 2,380

  10,186 14,718

  -

  • 10,055 10,186

  22

  Year ended

  31-03-18

  Audited

  4

  -

  - 14,718 -

  10,077

  10,186 14,718

  829 - (77) 752

  919 (259) (127) 533

  464 - 220 684

  1,958 (259) (146)

  1,938 2,943

  -

  -

  1,553

  826 939 2,764 3,882

  4,199

  3,593

  1,877

  8,524

  7,422 10,836

  - (19)

  (210)

  - 32 32

  (210)

  (267) 118

  (19)

  16 (194)

  (2)

  (14) 6

  (212)

  (281) 124

  4,180

  3,399

  1,909

  8,312

  7,141 10,960

• 14 Paid-up Equity Share Capital

  (Face Value of 10/- each)

• 15 Other equity

• 16 Earnings per share*

  • a) Basic ()

  • b) Diluted ()

  * Earnings per share for the interim periods is not annualised.

(( RJ uMe4,' -

5,099.84

5,099.84

5,099.84

5,099.84

5,099.84

5099.84

-

-

-

-

- 132,948

8.26 8.26

7.06 7.06

3.69 3.69

16.76 16.76

14.59 21.31

14.59 21.31

F

lQ9c- I '4W1*

Notes:

1. The above consolidated financial results of Multi Commodity Exchange of India Limited (the

"Company" or the "Exchange"), its subsidiary (the Company and its subsidiary together referred to as "the Group") and its associate, have been reviewed by the Audit Committee and approved

• by the Board of Directors at its meeting held on January 15, 2019.

• 2. The above Consolidated Financial results for the quarter and Nine Months ended December 31, 2018 are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016.

• 3. Effective from April 1, 2018, the Group has adopted Ind AS 115 "Revenue from contracts with customers" using the cumulative effect method. The standard is applied retrospectively only to contracts that are not completed as at the date of initial application and the comparative information is not restated in the Interim statement of profit and loss. The adoption of the standard did not have any material impact to the financial statements of the Group.

• 4. The Company has complied with SEBI directives w.r.t Core Settlement Guarantee Fund (Core SGF) and Minimum Required Corpus (MRC) thereof. Accordingly with appropriate contributions from the Clearing Corporation and Exchange the Core SGF was Rs 312.31 Crores as on December 31, 2018.

• 5. The Company has invested Rs.12 Crore (24% stake) towards subscription of equity share capital of CDSL Commodity Repository Limited, and the share in profits of the said associate entity have been considered for consolidation in accordance with the provisions of Ind AS 110 effective quarter ended December 31, 2018.

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

• 7. Previous period/year's figures have been regrouped/reclassified wherever necessary to conform to current period's/year's figures.

For Multi Commodity Exchange of India Limited

Place: Mumbai

Date: January 15, 2019

Mrugank Paranjape Managing Director & CEO