Mcx reported a weak set of numbers for the quarters Q4FY21 By Mr. Yash Gupta, Angel Broking Ltd
Below are Quote on Mcx reported a weak set of numbers for the quarters Q4FY21 by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Multi commodity exchange of India reported degrowth in total income of 20% to ₹108 Crores in Q4FY2021 as compared to ₹135 crores in Q4FY20.
EBITDa for the quarter fell by 21% to ₹55.73 Cr from ₹70.3 Cr in Q4FY2020, EBITDA margins are down by 700 Bps to 51% in Q4FY2021.
Company reported profit after tax of ₹38.4 Cr in Q4FY2021 degrowth of 41% from 65.5 Cr in Q4FY2020.
MCX reported weak set of numbers for the quarter ended 31st march 2021, Revenue down by 20%, Profit after tax down by 41%, average daily turnover down by 14% in Q4FY2021. On the cash flow side the company reported negative cash flow while a huge jump in current liability in this quarter.
Above views are of the author and not of the website kindly read disclaimer
Tag News
On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One