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Volumes scale a new peak; performance in line

* MCX’s operating revenue grew 59% YoY to INR3.7b (in line).

* Other income at INR326m jumped 73% YoY (10% beat).

* Staff costs grew 40% YoY to INR448m (18% above est.). Other expenses rose 24% YoY to INR867m (9% below est. due to lower tech costs offset by higher-than-expected contribution to the statutory fund).

* EBIT stood at INR2.2b vs INR1.2b in 1QFY25 (in line).

* The company reported PAT of INR2b, up 83% YoY (in line).

* Futures volumes grew 44% YoY, scaling a peak of INR25.9t, while options notional volumes jumped 81% YoY to an all-time high of INR172.9t. Option premium volumes increased 76% YoY to INR2.7t.

* The Board has approved a stock split in the ratio of 1:5.

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