MCX Stock Surges 6% Following Strong Q3 FY26 Results with 151% Profit Growth
Multi Commodity Exchange of India Limited reported exceptional Q3 FY26 results with revenue growing 120.86% YoY to Rs. 665.62 crore and net profit surging 150.64% YoY to Rs. 401.12 crore. The strong performance drove the stock up 6.38% to Rs. 2,428.30 per share. MCX maintains dominant market position with over 99% share across key commodity segments, with bullion leading growth momentum and total average daily turnover reaching Rs. 750,137 crore in Q3 FY26.
*this image is generated using AI for illustrative purposes only.
Multi Commodity Exchange of India Limited witnessed a strong market response following its impressive Q3 FY26 results, with the stock surging 6.38% to reach an intraday high of Rs. 2,428.30 per equity share from its previous close of Rs. 2,282.65. The company, which operates India's leading electronic commodity derivatives exchange, reported exceptional financial performance across all key metrics.
Financial Performance Highlights
MCX delivered outstanding financial results for Q3 FY26, demonstrating strong growth momentum across revenue and profitability metrics.
| Financial Metric: | Q3 FY26 | Q3 FY25 | YoY Growth (%) |
|---|---|---|---|
| Revenue from Operations: | Rs. 665.62 crore | Rs. 301.38 crore | +120.86% |
| EBITDA: | Rs. 526.65 crore | Rs. 216.10 crore | +143.71% |
| Net Profit: | Rs. 401.12 crore | Rs. 160.04 crore | +150.64% |
| Basic EPS: | Rs. 15.73 | Rs. 6.28 | +150.48% |
The company also showed strong sequential growth, with revenue increasing 77.86% QoQ from Rs. 374.23 crore in Q2 FY26, while net profit grew 103.13% QoQ from Rs. 197.47 crore.
Market Position and Operational Excellence
MCX continues to maintain its dominant position in India's commodities market, controlling over 99% market share across bullion, base metals, and energy segments. During 9M FY26, the total market value reached approximately Rs. 958 trillion, with options trading contributing Rs. 850 trillion and futures accounting for Rs. 108 trillion.
| Segment Performance: | Average Daily Turnover | QoQ Growth | YoY Growth |
|---|---|---|---|
| Bullion: | Rs. 517,381 crore | +122% | +794% |
| Energy: | Rs. 225,584 crore | +29% | +32% |
| Base Metals: | Rs. 7,151 crore | +171% | +96% |
| Total Turnover: | Rs. 750,137 crore | - | - |
Commodity Segment Analysis
Bullion emerged as the primary driver of futures turnover in Q3 FY26, with gold contributing 44.75% and silver accounting for 33.77% of total futures turnover, together representing 78% of the segment. The remaining composition included:
- Natural gas: 11.73%
- Copper: 4.56%
- Crude oil: 3.40%
- Zinc: 1.07%
- Aluminium: 0.57%
- Others: 0.14%
Strong Financial Fundamentals
MCX demonstrates robust financial health with impressive long-term growth trajectory and strong return ratios.
| Key Metrics: | Value |
|---|---|
| 3-Year Revenue CAGR: | 44.75% |
| 3-Year Net Profit CAGR: | 57.62% |
| ROCE: | 42.9% |
| ROE: | 34.3% |
| EPS: | Rs. 36.8 |
| Market Capitalization: | Rs. 60,143.65 crore |
The company maintains a debt-free status, highlighting its strong balance sheet and financial discipline. MCX, established in 2002, has transformed commodity trading in India by providing a transparent electronic platform for futures and options trading across metals, energy, bullion, and agricultural products.
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