Financial Performance Highlights (Consolidated)

Q2 FY27 Performance:

  • Income from operations: ₹800 Cr, representing 113.9% YoY growth from ₹374 Cr in Q2 FY26
  • Other income: ₹51 Cr, up 88.9% YoY from ₹27 Cr
  • Total income: ₹851 Cr, up 112.2% YoY from ₹401 Cr
  • EBITDA: ₹664 Cr with 78.0% margin, compared to ₹270 Cr (67.3% margin) in Q2 FY26
  • Profit before tax: ₹641 Cr, up 156.3% YoY from ₹250 Cr
  • Profit after tax: ₹455 Cr, up 130.8% YoY from ₹197 Cr
  • EPS: ₹17.83 (not annualized)

H1 FY27 Performance:

  • Income from operations: ₹1,502 Cr, up 100.8% YoY from ₹748 Cr
  • Total income: ₹1,603 Cr, up 98.6% YoY from ₹807 Cr
  • Profit after tax: ₹868 Cr, up 116.4% YoY from ₹401 Cr
  • EBITDA margin: 75.2% vs 67.5% in H1 FY26
  • Net profit margin: 54.1% vs 49.7% in H1 FY26
  • EPS: ₹34.04 for H1 FY27

Operational Performance Metrics

Average Daily Turnover (Futures & Options):

  • Q2 FY27: ₹1,262,948 Cr, up 207.1% YoY and 20.4% QoQ
  • Segment breakdown:
  • Bullion: ₹844,513 Cr (17.3% QoQ growth, 261.7% YoY growth)
  • Energy: ₹397,820 Cr (27.1% QoQ growth, 127.2% YoY growth)
  • Base Metals: ₹20,605 Cr (26.3% QoQ growth, 681.1% YoY growth)

Futures Only Turnover:

  • Q2 FY27: ₹62,819 Cr, up 50.6% YoY and 5.3% QoQ

Options Performance:

  • Bullion options notional: ₹801,807 Cr with ₹2,955 Cr premium, up 298.5% and 211.0% YoY respectively
  • Energy options notional: ₹383,290 Cr with ₹7,254 Cr premium, up 128.2% and 130.8% YoY respectively
  • Base Metals options notional: ₹15,031 Cr with ₹82 Cr premium, up 4170.8% and 2353.3% YoY respectively

Market Share and Position

  • MCX maintains over 98% market share in Indian commodity derivatives market
  • Gold and Silver represent 66% of futures turnover
  • Total traded clients: 15.0 lakh in Q2 FY27 for F&O segment

Deliverable Contracts Performance

Base Metals Deliveries (Q2 FY27):

  • Total: 34,707 MT
  • Copper: 22,158 MT
  • Lead: 6,952 MT
  • Aluminium: 3,670 MT
  • Zinc: 1,798 MT
  • Nickel: 129 MT

Cumulative Delivery Details (since inception):

  • Bullion: Gold - 181.52 MT; Silver - 6,460.49 MT
  • Base Metals: Aluminium - 193,586 MT; Copper - 190,423 MT; Zinc - 146,227 MT; Lead - 80,963 MT; Nickel - 11,621 MT

Business Development and Product Launches

Recent initiatives include:

  • Launch of Silver 100 (100 gram) futures contract on June 1, 2026
  • Launch of Crude Sunflower Oil Futures Contracts on October 12, 2026
  • Launch of India's first Electricity Futures Contract on July 10, 2026
  • Nickel Futures Contract launched on August 18, 2026
  • Options on MCX BULLDEX® launched on October 27
  • Establishment of MCX Coal Exchange of India Limited and MCX Mineral Exchange of India Limited

Management and Governance

Board of Directors:

  • Dr. Harsh Kumar Bhanwala - Chairman & Public Interest Director
  • Ms. Sonu Bhasin - Public Interest Director
  • Dr. Navrang Saini - Public Interest Director
  • Mr. Mohan Narayan Shenoi - Non-Independent Director
  • Mr. Santosh Kumar Mohanty - Public Interest Director

Key Management Personnel:

  • Ms. Praveena Rai - Managing Director & CEO
  • Mr. Sanjay Rajpal - Executive Director - Critical Operations
  • Mr. Manoj Jain - Executive Director - Regulatory, Compliance, Risk Management & Investor Grievances
  • Mr. Chandresh Shah - Chief Financial Officer
  • Mr. Sunil Batra - Chief Technology Officer

Shareholding Structure (as of September 30, 2026)

  • Shares outstanding: 254.99 million
  • Major shareholders (>1%):
  • Kotak Mahindra Bank Ltd: 14.99%
  • Motilal Oswal Mutual Fund: 4.56%
  • Nippon Life India Trustee Limited Mutual Fund: 4.54%
  • ICICI Prudential Mutual Fund: 4.43%
  • Government Pension Fund Global: 2.98%
  • Total institutional holding >1%: 50.66%

Risk Management and Clearing

  • Settlement Guarantee Fund: ₹1,472.16 Cr
  • Paid-up share capital: ₹239.99 Cr
  • 10 clearing banks empaneled
  • 258 clearing members
  • MCXCCL (100% subsidiary) operates as central counterparty since September 3, 2018

Regulatory Framework

Key investment criteria highlighted:

  • Fit & Proper requirements for all shareholders
  • Prior SEBI approval required for acquisitions beyond 5%
  • Minimum 51% public holding requirement
  • 49% cap on aggregate holding of trading members & associates
  • 15% cap for foreign exchanges, depositories, banks or insurers

Certifications and Memberships

  • ISO 27001:2022 Information Security Management
  • ISO 9001:2015 Quality Management System
  • ISO 22301:2019 Business Continuity Management
  • Member, Asia-Pacific CSD Group
  • Primary Member, CCP12