MCX Q1 results: Consolidated net profit surges 83% YoY to ₹203 crore; board approves 1:5 stock split

Multi-Commodity Exchange (MCX) reported an 83% year-on-year (YoY) increase in its consolidated net profit to ₹203.19 crore in the first quarter of the 2025-26 financial year (Q1FY26). During the same period in the previous fiscal year, its net profit stood at ₹110.92 crore.

Sequentially, the company’s net profit grew 50% quarter-on-quarter (QoQ) from ₹135.45 crore in the previous quarter, it said in a regulatory filing dated August 1.

The firm’s revenue from operations surged 59% YoY to ₹373.21 crore during the quarter under review, compared to ₹234.37 crore in the June quarter of FY25. It increased 28% QoQ from ₹291.33 crore in Q4FY25.

At an operational level, MCX’s EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹274.27 crore in the June FY26 quarter, jumping 81% YoY from ₹151.38 crore in Q1FY25 and 45% QoQ from ₹189.34 crore in the previous quarter.

Its EBITDA margin expanded to 68% in the reporting quarter, as against 60% in the year-ago period and 59% in the last quarter.

Commenting on the earnings, Praveena Rai, the Managing Director and CEO of MCX, said: “It gives me great pleasure to present to you the financial and operational performance of Multi-Commodity Exchange of India Limited for the first quarter of the financial year 2025–26. 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’s average daily turnover (ADT) of futures and options rose 80% YoY to ₹3.11 lakh crore from ₹1.73 lakh crore in the same quarter in FY25, driven by renewed participant interest and a dynamic market environment.

The bullion segment increased its share in ADT from 23% to 44%, supported by the launch of new variants, including Gold Mini and Gold Ten Futures. Following the positive response received on the monthly Gold Options contracts, MCX also launched, in coordination with the industry, the Silver (30 kg) and Silver Mini (5 kg) monthly expiry contracts.

“We introduced new contracts, including Electricity Futures, expanded the contracts in the bullion and agri segments, broadening the risk management spectrum for our stakeholders. We continue to work closely with our regulators and members to develop a commodity derivative market, improve physical market linkages, and enhance transparency. We remain focused on continuously strengthening technology and risk frameworks, which are an imperative and will serve us well in times to come,” Rai further added.

During the quarter, MCX also re-launched its Cotton Futures contract, which will be effective from the November 2025 expiry, with modifications in some key parameters.

Board approves stock split

MCX’s board of directors also approved a stock split in the 1:5 ratio. This means that one equity share with a face value of ₹10 each fully paid up will be subdivided or split into five equity shares with a face value of ₹2 each, subject to statutory, regulatory, and shareholder approvals.

“The record date for the purpose of the sub-division/split of equity shares shall be decided after taking the aforesaid approval of the shareholders of the Company, and the same will be intimated in due course,” MCX said.

This has been done to enhance stock affordability and make it more accessible to retail investors.

Shares of MCX closed 1.22% lower at ₹7,599.50 apiece on the National Stock Exchange (NSE) on Friday. However, the results were announced late in the evening after the market closed.