*Total Trades crossed 37 Lakh lots, increase of 17.5 % Y-O-Y
Mumbai, August 06, 2019 (GPN) : NCDEX e Markets Limited, wholly own NCDEX group company and India’s only e-markets and services company (NeML, erstwhile NCDEX spot Exchange) has achieved remarkable success in terms of trade volume, revenue and net profit. Company has fetched total revenue of Rs.62.32 crore with growth of 51.57% Y-OY in FY 2018-19. Facilitated trades and volumes have increased to 37,26,761 lots, rise above 17.5% Y-O-Y respectively.
NeML, the subsidiary company of NCDEX have pass all bottle necks like awareness about technology and software installment in APMC premises in very short span of a decade with the support ofcommitted team. Key commodities traded on the e market include Pulses, edible oil and oilseeds, Paddy, Wheat and Sugar. The volume (in terms of total trades facilitated by the e markets) increased by 17.5 % in FY2019 to 37,26,761 trade lots, as compared to 31,83,253 lots traded in FY2018.
Financial result for Year ended March 31, 2019 NeML’s Revenue stood at Rs. 62.32 crores as against Rs. 41.11 crores in FY 2018, an increase by 51.57 %- EBIDTA for FY 2019 stood at Rs.19.55 crores as against Rs. 5.07 crores in FY 2018, an increase of 285.47%. – PAT for the year ended March 31, 2019, stood at Rs. 11.55 crores as compared to Rs. 1.70 crores in FY 2018, an increase by 577.62 %. EBITDA margin stood at 31.37 % whereas PAT margin at 18.53 %.
Commenting on the performance, Mr. Rajesh Sinha, MD & CEO, NeML said, “Team NeML is energized by outstanding Q4 and a highly successful performance of FY2019. The e-market platform witnessed a steady improvement in various financial parameters such as Average trades facilitated / per month, Gross Revenue, EBIDTA, and PAT Margins. This especially assumes a great significance in view of the transforming markets leveraging efficiencies of a globally competitive markets and services platform without adding any costs in the value chain. As we celebrate this success, I would like to thank all our stakeholders for their continued trust and contribution. We have increased our strategic relevance to our country through taking several important initiatives in critical areas such as Primary agricultural markets, Fresh Fruit and Vegetables and Dairy.”
Remarkable performance of NeML is attributable to robust volume growth across its revenue segments like the Government, Ffresh and Dairy initiatives. A clear focus and Best-in-class execution capabilities have helped NeML to expand operating margin YoY and strengthened market positioning. The company has maintained momentum, deepening its relationship with stakeholders and further expanded presence in more than 12 states through various initiatives.
NeML initiatives have positively impacted more than 10 million farmers and discerning consumers during the financial year. With the current policy regime underway in India’s commodity trading markets including the spot and derivatives and the expected new avenues of growth in the e-market space, NeML is heading towards prominent place in the e-markets and services space in near future.
National Commodity and Derivatives Exchange (NCDEX) set up NCDEX e Markets and Services Limited (NeML) on October 06 2008 as a spot exchange for facilitating commodity trades in spot markets. Since then, NeML has evolved into a leading e-market and services company for creating efficient electronic markets. In the financial year 2018-19, NeML positively impacted lives of more than 10 million farmers and discerning consumers. NeML works with domain experts to offer the benefits of an efficient market leading to fair and competitive price discovery, risk management and trade fulfillment to the Indian spot commodity markets. Various commodities across segments are traded on the NeML. These include Cereals, Pulses, Sugar, Edible Oil, salt, animal feed ingredients, bulk dairy products and fresh fruit and vegetables. The company has created mutually reinforcing ecosystem with varied entities and enterprises including Farmer and Farmer Producer Organizations (FPOs), Co-operatives, Corporates, Government and Government Enterprises, supply chain companies. For more information, about NeML and its products visit www.neml.in.