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Ola Electric has a service problem   Ola Electric’s after-sales service experience has been found wanting even as S1 electric scooter maker outsells the industry month-on-month.

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00:00Well, we do have LTI Mindtree, Tech Mahindra and Tata Consumer, which are the top losers

00:04today.

00:05The IT companies, LTI Mahindra and Tech Mahindra are down over 2.5% in trade today, but we

00:10do have some strength in some of the energy counters, PowerGrid up 3% and NTPC seen gains

00:16of over 1%.

00:17When we look at the broader markets, they are underperforming the benchmark, the Nifty,

00:22Midcap 150 is the top loser today, it's down about 0.7% right now.

00:29And when you look at some of the counters that have seen strong negative movement, you

00:34have PB Fintech, Oracle, Indus Towers and Max Health, but PB Fintech seen 7% of cuts.

00:40We do have some strength in counters like Tata Communications, Z Entertainments, Apollo

00:45Tires all up 3%.

00:47When you look at the sectoral indices, if you could just have that on the screen right

00:52now, you have some, the Nifty Media, the Nifty Energy and the Metal Pack, which are the top

00:59performing sectoral indices today, whereas the IT segment, the PSU Banking and the FMCG

01:04space are not doing well today.

01:06But we now move on to the first company we're going to talk about today, and we're actually

01:10going to talk about the management of the company, and that is MCX, and we're joined

01:14by Rishi Nathani, who's the Chief Business Officer at MCX, welcome to the show, Mr. Nathani.

01:21Thank you, Mika.

01:22Let's first talk about the latest updates, which are the revisions in the transaction

01:26charges.

01:27Can you give us more detail on what the revisions are and how that would impact, you know, your

01:32financials in the near term?

01:36So what we have done is we moved in from a dual structure to a single transaction charge.

01:43So earlier we were charging 2.6 lakhs and 2.6 rupees per lakh and 1.75 rupees per lakh.

01:51Now we move in futures, which we move to 2.1 rupees per lakh.

01:55Similarly we made changes in options as well, where we had two slabs of 4,000 and 5,000

02:01and per crore, and now we move to 41.80 per crore.

02:06So this is the change we've made.

02:09Now, I don't believe that it should have any major impact either ways, because these transaction

02:16charges have been placed at the average realization which the company was making.

02:22Therefore, I believe that the effect on the company's revenues would not be much.

02:31Having said that, this is a very good move for which the regulator has asked to be done,

02:37because the end clients will now land up being much lesser than they were.

02:41And also now it will create a level playing field across the entire broking segment.

02:45Mr. Narayani, no material change, but if you had to quantify it in terms of a range to

02:49the top line, the impact that your top line would have, do you have an estimate on that number?

02:54Well, as I said, we have placed this transaction charge at the average realization, so according

03:00to me there should be no change.

03:03And let's also talk about, the company did successfully transition its software back

03:08in October.

03:09Now that's been running very smoothly, but we do expect fixed costs to come in from October.

03:15How would that impact your margins going forward as well?

03:18And your financials in general?

03:21See, overall everything has already been announced, so I would not like to dwell on that much.

03:28What I can say is that the business has been growing tremendously.

03:34And in the current year, we've hit record highs in terms of turnover on 14th September

03:40where we did 4.72 lakh crores of single-sided ADT.

03:47And in the current year, we are up by 80% over last year in terms of our overall volumes.

03:53So in that sense, I'd rather focus on revenues and make sure that the business grows and

04:00that is my mandate as the Chief Business Officer.

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