Multi Commodity Exchange of India Limited (MCX) has reported outstanding financial results for the first quarter of fiscal year 2026, with consolidated income reaching a record high of ₹406 crore. This represents a robust 60% year-on-year growth, marking the highest ever revenue for the exchange.

Strong Financial Performance

The company's profit after tax (PAT) grew significantly to ₹203 crore, reflecting the strong financial health of MCX. The average daily turnover for the quarter stood at an impressive ₹3,10,000 crore (₹3.1 trillion), underlining the increased trading activity on the exchange.

Revenue Breakdown

A breakdown of the transaction revenue reveals:

The substantial contribution from options trading highlights the growing popularity of these derivative instruments among market participants.

New Product Launches and Innovations

MCX has been proactive in expanding its product offerings, launching several new contracts since April:

• 10-gram gold futures
• Silver options
• Electricity futures
• Cardamom contracts

These new products aim to broaden risk management opportunities for stakeholders across various industries.

Stock Split Approval

In a move to enhance stock liquidity and accessibility, the MCX Board has approved a 1:5 stock split, reducing the face value of shares from ₹10 to ₹2 per share. This decision is subject to necessary approvals.

Increased Retail Participation

The exchange reported a rise in retail participation, which increased to 52.37% compared to 51.79% in the previous quarter. This growth in retail interest aligns with MCX's efforts to broaden its investor base.

Focus on Technology and Risk Management

Praveena Rai, Managing Director and CEO of MCX, emphasized the company's continued focus on strengthening its technology and risk framework. This commitment is crucial to support the exchange's growth trajectory and maintain operational excellence.

Outlook

With a strong start to the financial year, MCX is well-positioned for continued growth. The exchange plans to introduce more products, including index options, and is working on extending long-dated contracts to cater to diverse market needs.

The launch of electricity futures has been particularly noteworthy, with early indications showing positive traction. The contract has already built up a healthy open interest of about 700 lots, with approximately 50% participation from commercial and corporate entities.

As MCX continues to innovate and expand its product range, it remains committed to providing efficient risk management tools for India's commodity markets, serving a crucial role in the country's financial ecosystem.

Multi Commodity Exchange (MCX) saw its shares climb 4.6% to Rs 1,944.00 following the announcement of robust quarterly results and a stock split. The company reported exceptional performance for the quarter ended June 30, with several key financial metrics reaching new heights.

Record-Breaking Financial Performance

MCX achieved its highest-ever quarterly revenue of Rs 405.82 crore, marking a significant 60% year-on-year increase. The company's profitability also saw a substantial boost, with profit after tax surging 83% to Rs 203.19 crore. Additionally, EBITDA reached Rs 274.27 crore, underlining the company's strong operational efficiency.

Stock Split Announcement

In a move that could potentially increase stock liquidity, MCX's board has approved a 1:5 stock split. This decision will reduce the face value of each share from Rs 10.00 to Rs 2.00, subject to necessary approvals. The stock split aims to make the shares more accessible to a broader range of investors.

Impressive Market Performance

MCX reported a substantial increase in trading activity, with the average daily turnover rising 80% to Rs 3.10 lakh crore. This growth was primarily driven by higher participation from institutional investors and MSMEs (Micro, Small, and Medium Enterprises).

Global Recognition

The exchange has achieved a significant milestone by becoming the world's largest commodity options exchange. Furthermore, MCX now ranks sixth globally among commodity exchanges, highlighting its growing importance in the international commodities market.

Product Innovation

MCX continues to expand its product offerings, introducing new trading instruments to meet market demands. Recent additions include Electricity Futures and expanded bullion contracts, demonstrating the exchange's commitment to innovation and market development.

The strong quarterly results, coupled with the stock split announcement and global recognition, have contributed to the positive market sentiment towards MCX shares. As the company continues to grow and innovate, it remains a key player in the Indian and global commodity exchange landscape.