MCX Q1 Results: Net profit rises 103% YoY to ₹413 crore
Multi Commodity Exchange of India Limited reported a consolidated net profit of ₹413.44 crore for Q1FY27, up 103% YoY, driven by operational income rising to ₹702.00 crore. Standalone net profit was ₹327.32 crore. The Board approved the results, set a dividend record date of August 28, 2026, and incorporated MCX Coal Exchange of India Limited.

*this image is generated using AI for illustrative purposes only.
Multi Commodity Exchange of India Limited reported a consolidated net profit after tax of ₹413.44 crore for the quarter ended June 30, 2026, a 103% surge from ₹203.19 crore in the corresponding period of FY26. The exchange’s income from operations more than doubled to ₹702.00 crore from ₹373.21 crore year-ago, driving the top-line growth. Total comprehensive income stood at ₹411.97 crore for the quarter.
The Board of Directors approved the unaudited standalone and consolidated financial results at its meeting held on August 04, 2026. Concurrently, the Board fixed August 28, 2026, as the record date to determine shareholders eligible to receive the final dividend, subject to shareholder approval at the upcoming Annual General Meeting. Payment of the dividend is scheduled on or before October 15, 2026. The 24th Annual General Meeting is scheduled for September 17, 2026, to be conducted through video conferencing or other audio-visual means in accordance with General Circular No. 03/2025 issued by the Ministry of Corporate Affairs.
Financial Performance
Consolidated income from operations reached ₹702.00 crore, compared to ₹373.21 crore in Q1FY25 and ₹888.94 crore in Q4FY26. Other income contributed ₹49.79 crore, bringing total income to ₹751.79 crore. Total expenses rose to ₹228.88 crore from ₹148.91 crore in the previous year’s quarter, primarily due to higher employee benefits expense (₹57.45 crore vs ₹44.84 crore) and product license fees (₹39.68 crore vs ₹22.01 crore). Contribution to statutory funds and regulatory fees amounted to ₹54.19 crore.
| Particulars | Q1FY27 (₹ cr) | Q4FY26 (₹ cr) | Q1FY26 (₹ cr) | FY26 (₹ cr) |
|---|---|---|---|---|
| Income from operations | 702.00 | 888.94 | 373.21 | 2,302.00 |
| Other income | 49.79 | 36.39 | 32.61 | 127.05 |
| Total income | 751.79 | 925.33 | 405.82 | 2,429.05 |
| Total expenses | 228.88 | 242.10 | 148.91 | 733.82 |
| Profit before tax | 523.13 | 681.79 | 256.41 | 1,690.33 |
| Tax expenses | 109.69 | 152.02 | 53.22 | 358.78 |
| Net profit after tax | 413.44 | 529.77 | 203.19 | 1,331.55 |
Standalone net profit after tax was ₹327.32 crore, up from ₹156.88 crore in Q1FY26. Standalone income from operations was ₹666.59 crore, while total expenses were ₹279.80 crore. Earnings per share (basic and diluted) were ₹16.21 on a consolidated basis and ₹12.84 on a standalone basis for the quarter.
What the Numbers Show
The significant year-on-year jump in net profit reflects strong operational momentum, with income from operations nearly doubling. However, the quarter-on-quarter decline in net profit from ₹529.77 crore in Q4FY26 to ₹413.44 crore indicates seasonal variability in trading volumes or transaction fees. The rise in employee benefits and license fees suggests ongoing investment in infrastructure and compliance, which absorbed part of the revenue growth but still allowed margins to expand significantly compared to the prior year.
Corporate Developments
During the quarter, the Holding Company incorporated a wholly owned subsidiary, MCX Coal Exchange of India Limited, on June 11, 2026, infusing an initial capital of ₹1.00 crore comprising 10 lakh shares of ₹10 each. The Core Settlement Guarantee Fund (SGF) stood at ₹1,443.73 crore as of June 30, 2026, comprising contributions from MCXCCL (₹772.87 crore), MCX (₹331.03 crore), and penalties/interest (₹339.83 crore). MCX’s contribution to the Core SGF during the quarter was ₹32.32 crore.
The Board also revised the list of Key Managerial Personnel (KMPs) for determining materiality under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to include Executive Directors. V Sankar Aiyar & Co., the statutory auditors, issued a limited review report on the consolidated and standalone financial results pursuant to Regulation 33 of the SEBI LODR Regulations.
Historical Stock Returns for MCX
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.43% | -2.73% | -4.76% | +10.10% | +67.97% | +747.83% |
How might the seasonal decline in Q1FY27 trading volumes compared to Q4FY26 impact MCX's revenue trajectory for the remainder of the fiscal year?
What strategic advantages does the newly incorporated MCX Coal Exchange of India Limited offer, and when is it expected to begin contributing significantly to consolidated revenues?
Could the sharp increase in product license fees and employee benefits signal a shift in MCX's cost structure that might pressure long-term operating margins?


































