Multi Commodity Exchange of India Limited (MCX), India's leading commodity derivatives exchange, has announced strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

MCX reported a consolidated net profit of ₹197.47 crore for Q2 FY26, marking a substantial 29% year-on-year increase from ₹153.62 crore in the corresponding quarter of the previous year. The company's revenue from operations also saw a notable rise, reaching ₹374.23 crore, up by approximately 31% compared to Q2 of the previous year.

Here's a breakdown of MCX's key financial metrics for Q2 FY26:

Operational Performance

The exchange reported a significant increase in its Average Daily Turnover (ADT), which rose to ₹411,270 crore, reflecting strong market participation and liquidity. This growth in trading volumes underscores the trust and confidence of stakeholders in MCX's market ecosystem.

Business Highlights

• The bullion segment has increased its share in ADT from 44% to 57%, supported by the launch of new variants such as Gold Mini and Gold Ten Futures.
• MCX introduced monthly expiry contracts for Silver (30 kg) and Silver Mini (5 kg) options, following positive response to monthly Gold Options contracts.
• The exchange launched Cardamom Futures Contract in July 2025 and a new Nickel Futures contract in August 2025.
• Monthly Options contracts on the MCX iCOMDEX Bullion Index (MCX BULLDEX) were introduced in October 2025, covering both Gold and Silver.

Corporate Actions

The Board of Directors has approved a stock split in the ratio of 1:5, reducing the face value of shares from ₹10 to ₹2 per share. This decision, approved by shareholders in the 23rd Annual General Meeting on September 12, 2025, is currently in the implementation process.

Management Commentary

Praveena Rai, Managing Director & CEO of MCX, commented on the results, stating, "It gives me great pleasure to share our results of resilient performance. Our continued growth across product segments and strong participation reflect the confidence that market participants have in MCX's transparent market ecosystem. We remain committed to expanding our product offerings and deepening market penetration, further strengthening our role as the preferred destination for commodity derivatives trading in India."

Technical Update

MCX experienced a technical issue on October 28, 2025, which delayed the commencement of trading. The exchange swiftly addressed the situation by shifting operations to the Disaster Recovery (DR) site, with trading resuming at 1:25 PM. The company has identified the root cause and taken steps to prevent similar issues in the future, assuring that its systems are well-positioned to support market volumes and growth.

Outlook

With its strong financial performance, expanding product portfolio, and commitment to technological robustness, MCX continues to solidify its position as India's leading commodity derivatives exchange. The company's focus on innovation and market deepening strategies suggests a positive outlook for future growth and market leadership in the commodity trading space.

As MCX navigates the dynamic landscape of commodity markets, its recent performance indicates a strong foundation for sustained growth and value creation for its stakeholders in the coming quarters.

MCX Trading Platform Faces Technical Hurdles

Several brokers are currently grappling with technical difficulties on the MCX trading platform, potentially disrupting trading operations and market access for affected participants.

Impact on Market Participants

The technical issues may have significant implications for traders and investors:

• Limited Market Access: Affected brokers might experience restricted ability to execute trades on behalf of their clients.
• Delayed Order Execution: The platform's technical difficulties could lead to delays in order placement and execution.
• Potential for Market Volatility: If widespread, these issues could contribute to temporary market volatility due to reduced participation.

Importance for Investors

This situation underscores the critical role of technological infrastructure in modern financial markets. Investors and traders should:

• Stay informed about the status of their broker's trading capabilities.
• Be prepared for potential delays or difficulties in executing trades.
• Consider having contingency plans, such as alternative trading methods or platforms, if available.

As the situation develops, market participants are advised to stay in close contact with their brokers for updates and guidance on how to navigate these technical challenges.