About the Company
The National Commodity & Derivatives Exchange Limited (NCDEX) is a professionally managed online commodity exchange offering diverse products in agricultural and non-agricultural derivatives. Incorporated on April 23, 2003, it began operations on December 15, 2003, under The Forward Contracts (Regulation) Act, 1952. Since September 28, 2015, it has been a deemed recognized stock exchange regulated by SEBI under the Securities Contracts (Regulation) Act, 1956.
Key Highlights
The National Commodity & Derivatives Exchange Limited (NCDEX) has released its consolidated unaudited financial results for the quarter and nine months ended December 31, 2024. The exchange reported a decline in profits, despite a rise in total income on a year-on-year basis.
Financial Highlights
₹ in crores
| Particulars | Quarter ended 31.12.2024 | Quarter ended 31.12.2023 | Nine Months ended 31.12.2024 |
|---|---|---|---|
| Total Income from Operations | ₹33.13 | ₹30.47 | ₹82.95 |
| Net Profit/(Loss) before Tax (before Exceptional/Extraordinary items) | ₹(17.10) | ₹(13.11) | ₹(56.63) |
| Net Profit/(Loss) before Tax (after Exceptional/Extraordinary items) | ₹(17.10) | ₹(13.11) | ₹(8.97) |
| Net Profit/(Loss) after Tax | ₹(11.88) | ₹(11.26) | ₹(4.84) |
| Total Comprehensive Income | ₹(12.16) | ₹(11.07) | ₹(5.90) |
| Equity Share Capital | ₹50.68 | ₹50.68 | ₹50.68 |
| Earnings Per Share (Basic & Diluted) (₹10 FV) | ₹(2.29) | ₹(2.15) | ₹(0.75) |
Key Developments & Exceptional Items
- Stake Sale in Power Exchange India Ltd (PXIL): NCDEX sold 8.87% (51,86,877 equity shares) of its stake in PXIL for ₹56.56 crore, earning a net profit of ₹51.20 crore (after expenses), recorded as an exceptional gain.
- Sale of Stake in NCDEX e-Markets Ltd (NeML): In the previous year (Q3 2023), NCDEX sold 8.71% (31 lakh equity shares) of NeML to its wholly-owned subsidiary NCCL for ₹30.01 crore, earning a profit of ₹26.91 crore, recorded as an exceptional item.
- Core SGF Contribution: NCDEX received ₹1.35 crore from the Core Settlement Guarantee Fund (SGF) and ₹0.15 crore from NCCL, which was credited as exceptional income.
- Recovery of Pre-Incorporation Expenses: NCDEX e-Markets Ltd (NeML) recorded an exceptional income of ₹0.44 crore for expense recovery related to a new JV.
Despite reporting operational losses, NCDEX strategically managed its finances through stake sales and exceptional income, significantly offsetting its overall losses.
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