MCX Q2 Review - Volume Dip Impacted By Bullion: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Multi Commodity Exchange of India Ltd.'s overall futures average daily turnover dipped by 8% QoQ, leading to a 5% sequential decline in revenue. Ebit margin dipped by 170 basis points QoQ, led by negative operating leverage.Q2 FY22 saw further normalisation in bullion volumes, largely driven by a 51%/64% YoY decline in gold/silver volumes. This was offset by a strong surge in aluminum and crude oil volumes. The impact on volumes in Q2 FY22 was the result of some normalisation in bullion volumes and the fourth phase of implementation of new margin rules (100% of peak margin requirement) from September 01, 2021. MCX's management highlighted that it is seeing a recovery in volumes in October 2021. This gives us the confidence that the new margin rules would gradually be accommodated by participants..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

MCX Q2 Review - Volume Dip Impacted By Bullion: Motilal Oswal

MCX Q2 Review - Volume Dip Impacted By Bullion: Motilal Oswal

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