MCX shares climb on report that SEBI may allow banks, FPIs to invest in commodity derivatives

Shares of the commodity bourse, Multi Commodity Exchange (MCX) rose as much as 5% to hit an intraday high of ₹8,035 on the National Stock Exchange. On the BSE, MCX shares rose as much as 5.01% to hit an intraday high of ₹8,034.65.

He said the capital markets regulator is also looking at a proposal to allow foreign portfolio investors to trade in non-cash settled, non-agricultural commodity derivative contracts.

"We will also engage with the government to consider banks, insurance companies and pension funds to trade in these (non-cash, non-agricultural) markets," Pandey said, while speaking at the event organised by MCX.

By December 2025 end, SEBI will include commodity-specific brokers in a common reporting mechanism for compliance reports.

Pandey also said that the commodity markets have to play an important role in ensuring rare metals security for the country.

MCX shares have so far this year advanced 29%, outperforming the NIFTY50 index which has advanced 7.2% year-to-date.

MCX Q1 earnings

Last month MCX reported 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.

As of 1:41 pm, MCX shares traded 3.6% higher at ₹7,921, outperforming the NIFTY50 index which was up 0.34%.