Multi Commodity Exchange of India Limited (MCX), India's leading commodity derivatives exchange, has announced a series of significant developments, including a stock split and impressive financial results for the first quarter of the fiscal year 2025-26.

Stock Split Approval

The MCX Board of Directors has approved a stock split in the ratio of 1:5. This means that each existing equity share with a face value of Rs. 10 will be split into five equity shares with a face value of Rs. 2 each. The decision aims to enhance stock affordability and make MCX shares more accessible to retail investors. The stock split is subject to necessary statutory and regulatory approvals, including shareholders' approval.

Strong Q1 Financial Performance

MCX reported robust financial results for the quarter ended June 30, 2025:

The EBITDA margin improved to 64.75% from 56.56% in the previous year.

Operational Highlights

• Average Daily Turnover (ADT): MCX witnessed an 80% year-over-year increase in ADT, reaching Rs. 3,10,775 crore.
• Market Position: MCX maintained its position as the world's largest Commodity Option Exchange in 2024, according to FIA data. It also moved up to become the world's 6th largest Commodity Exchange in 2024, improving from 7th place in 2023.
• Product Innovation: The exchange launched Electricity Futures contracts, becoming the first in India to do so. MCX also introduced new variants in the Bullion segment, including Gold Mini and Gold Ten Futures.

Management Commentary

Ms. Praveena Rai, Managing Director & CEO of MCX, commented on the results: "We began this financial year on a positive note, demonstrating resilience, adaptability, and strategic focus amid a continuously evolving market environment. We've also witnessed increased participation from institutional clients and hedgers, especially from the MSME sector and physical market players, with our awareness and product innovation efforts."

The company remains focused on strengthening its technology and risk frameworks, while working closely with regulators and members to develop the commodity derivative market and enhance transparency.

With these developments, MCX continues to solidify its position as a key player in India's commodity markets, driving innovation and growth in the sector.

Multi Commodity Exchange of India (MCX) saw its shares decline 0.52% to ₹7,653.00 on Friday as investors await the outcome of a crucial board meeting. The board is set to convene to discuss two significant matters: the company's first-ever stock split and a review of its April-June quarterly results.

Potential Stock Split on the Horizon

The possibility of a stock split has captured market attention. Currently, MCX shares have a face value of ₹10.00 each. However, the company has not yet disclosed a record date for the potential split, leaving investors eager for more details.

Dividend Announcement

In a recent development, MCX announced a dividend of ₹30.00 per share, with August 8 set as the record date. This announcement comes on the heels of the company's consistent dividend distribution track record:

Stock Performance

Despite the day's marginal decline, MCX stock has demonstrated strong performance in 2023, registering a 22% gain year-to-date. This upward trajectory highlights investor confidence in the company's prospects.

Looking Ahead

As the board meeting approaches, market participants will be closely watching for the outcome of both the stock split consideration and the quarterly results review. These decisions could potentially impact the stock's future performance and valuation.

The combination of a possible stock split, consistent dividend payouts, and robust year-to-date performance positions MCX as a stock of interest in the commodity exchange sector. Investors and analysts alike will be keenly awaiting the board's decisions and the company's financial results for further insights into MCX's strategic direction and financial health.