Multi Commodity Exchange of India Ltd (MCX) posted a strong first-quarter performance for FY26, with net profit surging 49.9% sequentially to ₹203 crore from ₹135.4 crore in the previous quarter.
Revenue also jumped 28.2% quarter-on-quarter to ₹373 crore, aided by increased activity across its futures and options platforms.
EBITDA rose 51.1% to ₹241.4 crore from ₹159.8 crore, while EBITDA margin expanded to 64.7% compared to 54.9% in Q4FY25, reflecting robust operating leverage amid strong market participation.
The exchange attributed its strong performance to heightened trading volumes, particularly in the bullion and energy segments.
Average daily turnover (ADT) rose to ₹3,10,775 crore, up 80% year-on-year, indicating renewed interest from institutional clients and hedgers, including MSMEs and physical market players.
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MD & CEO PRAVEENA Rai called it a “positive start” to the year and added: “We’ve witnessed increased participation from institutional clients and hedgers, especially from the MSME sector. Our awareness and product innovation efforts are bearing fruit.”
She highlighted the launch of new contracts like Electricity Futures, a first in India, and enhancements in bullion and agricultural derivatives. Notably, the bullion segment’s share in ADT jumped from 23% to 44% on the back of products like Gold Mini and monthly Silver options.
In a key move to increase affordability and liquidity, the MCX board approved a stock split in the ratio of 1:5, reducing the face value of shares from ₹10 to ₹2, subject to regulatory and shareholder approvals.
MCX also improved its global standing, emerging as the world’s largest commodity options exchange in 2024 and the 6th largest overall commodity exchange, up from 7th in 2023, according to FIA data.
As of 2:01 PM on Friday, shares of MCX were trading at ₹7,599.50 on the NSE, down 1.22%.
