Multi Commodity Exchange of India Limited delivered record financial results for the quarter and financial year ended March 31, 2026, with Profit After Tax (PAT) more than doubling to Rs. 1,332 crores, representing a 138% YoY increase. The Board of Directors approved the audited standalone and consolidated financial results at their meeting held on Friday, May 08, 2026. The results were subsequently published in Navshakti (Marathi) newspaper on Saturday, May 09, 2026, pursuant to Regulation 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board also recommended a final dividend of Rs. 8 per share (face value of Rs. 2 per share), subject to shareholder approval at the ensuing AGM.

Record Full-Year Financial Performance

MCX's consolidated financials for FY26 reflect broad-based growth across all key metrics. Total Income reached Rs. 2,429 crores, up 101% YoY, while Revenue from Operations stood at Rs. 2,302 crores, a 107% YoY increase. EBITDA expanded 133% YoY to Rs. 1,774 crores, with the EBITDA margin improving to 73% from 63% in FY25. Average Daily Turnover (ADT) rose 145% YoY to Rs. 5.4 lakh crores, underscoring significant growth in trading activity across segments.

The following table summarises the consolidated Profit & Loss performance:

Strong Q4 FY26 Performance

For the fourth quarter of FY26, MCX posted Revenue from Operations of Rs. 889 crores, registering a growth of approximately 205% over Q4 FY25. EBITDA increased to Rs. 703 crores with the EBITDA margin at 76% compared to 59% in Q4 FY25. PAT for Q4 FY26 stood at Rs. 530 crores, reflecting approximately 291% YoY growth. On a sequential basis, Revenue from Operations grew 34% over Q3 FY26.

Key Business and Operational Highlights

MCX ranked as the world's largest Commodity Options Exchange and the 4th largest Commodity Exchange as per FIA data for 2025, measured by number of contracts. Growth was primarily driven by two strong pillars — Bullion and Energy — alongside healthy metals growth. Key operational highlights for FY26 include:

• ADT (F&O) YoY Growth: Bullion – 496%, Metals – 116%, Energy – 29%
• Balanced Revenue Mix: Future revenue – Rs. 693 crores, up 136% YoY; Option revenue – Rs. 1,398 crores, up 109% YoY
• New Products Launched: Electricity Futures, BULLDEX Options, Cardamom Futures, Nickel Futures, Gold Ten Futures, Gold Monthly Options, Silver Monthly Options
• Participation Growth: Traded clients increased to 20.90 lakhs in FY26 from 13 lakhs in FY25, with healthy growth in new members, financial institutions, and corporate institutions
• Delivery-Driven Contracts: Gold – 21 MT; Silver – 401 MT; Base Metals – 95,781 MT

The following table highlights the ADT growth trajectory over recent fiscal years:

MCX also launched a focused initiative — 'Price in India: Hedge in India' — aimed at promoting and deepening hedging participation in India's commodity derivatives ecosystem. Institutional and retail investors increasingly embraced the commodity asset class, contributing to broader and deeper market participation.

Technology and Operational Resilience

MCX continued to strengthen its technology infrastructure and cyber resilience during FY26. Systems handled a sharp increase in trading volumes while maintaining stability and scalability. Cyber risk management was enhanced through proactive monitoring and strengthened security protocols. The exchange also successfully managed unexpected market surges driven by macro-economic events, scaling operations across delivery, surveillance, compliance, and risk management functions.

About MCX

Multi Commodity Exchange of India Ltd. is India's leading Commodity Derivatives Exchange and the largest Commodity Options Exchange globally (FIA, 2024). Operational since 2003, MCX holds a market share of over 98% in terms of the value of commodity futures contracts traded in financial year 2025-26. The exchange offers trading across bullion, energy, metals, agri commodities, and sectoral commodity indices, and has forged strategic alliances with international exchanges as well as Indian and international trade associations.

Brokerage firm Zerodha has reported intermittent technical issues at MCX Exchange, noting that the disruptions are affecting brokers and leading to potential order rejections as well as delayed order status updates.

Technical Disruptions at MCX Exchange

According to Zerodha, the issues are originating at the exchange level and are not isolated to a single broker. The intermittent nature of the disruptions means that order flow and status confirmations may be inconsistently impacted across participants connected to the MCX platform.

Impact on Brokers and Traders

The key concerns flagged by Zerodha include the following:

• Order Rejections: Traders may experience potential rejections when placing orders on the MCX Exchange.
• Delayed Status Updates: Order status confirmations are being reported as delayed, creating uncertainty for market participants regarding the execution of their trades.
• Broker-Wide Impact: The issues are affecting multiple brokers, indicating a systemic concern at the exchange infrastructure level rather than an isolated incident.

Key Details at a Glance

The following table summarizes the reported disruption details as communicated by Zerodha:

Market participants trading on the MCX Exchange are advised to remain cautious and monitor their order statuses closely during this period of reported disruption. No further details regarding the timeline for resolution have been provided in the available information.