Disclosure Nature

Regulatory filing to BSE containing unaudited financial results (standalone and consolidated) for Multi Commodity Exchange of India Limited (MCX) for the quarter and half year ended September 30, 2026. Filed under Scrip Code: 534091 on November 03, 2026, by Company Secretary Manisha Harshad Thakur.

Financial Results - Q2 FY27 (Consolidated)

  • Revenue from Operations: ₹800 crore, representing 113.9% year-on-year growth compared to Q2 FY26 (₹374 crore).
  • EBITDA: ₹664 crore, showing 145.9% year-on-year growth compared to Q2 FY26 (₹270 crore).
  • EBITDA Margin: 78.0%, improved from 67.3% in Q2 FY26.
  • Profit Before Tax: ₹640 crore, representing 158.0% year-on-year growth compared to Q2 FY26 (₹248 crore).
  • Tax Expenses: ₹185 crore, increased by 262.7% year-on-year compared to Q2 FY26 (₹51 crore).
  • Profit After Tax: ₹455 crore, representing 130.8% year-on-year growth compared to Q2 FY26 (₹197 crore).
  • PAT Margin: 53.4%, improved from 49.1% in Q2 FY26.
  • Total Income: ₹851 crore, representing 112.2% year-on-year growth compared to Q2 FY26 (₹401 crore).
  • Total Expenses: ₹211 crore, increased by 38.1% year-on-year compared to Q2 FY26 (₹153 crore).

Quarter-over-quarter performance (Q2 FY27 vs Q1 FY27):

  • Revenue from Operations increased 14.0% from ₹702 crore
  • EBITDA increased 22.1% from ₹544 crore
  • Profit After Tax increased 10.1% from ₹413 crore
  • Total Expenses decreased 7.7% from ₹229 crore

Financial Results - H1 FY27 (Consolidated)

  • Revenue from Operations: ₹1,502 crore, representing 100.8% year-on-year growth compared to H1 FY26 (₹748 crore).
  • EBITDA: ₹1,206 crore, showing 121.3% year-on-year growth compared to H1 FY26 (₹545 crore).
  • EBITDA Margin: 75.2%, improved from 67.5% in H1 FY26.
  • Profit Before Tax: ₹1,162 crore, representing 129.6% year-on-year growth compared to H1 FY26 (₹506 crore).
  • Tax Expenses: ₹294 crore, increased by 180.0% year-on-year compared to H1 FY26 (₹105 crore).
  • Profit After Tax: ₹868 crore, representing 116.4% year-on-year growth compared to H1 FY26 (₹401 crore).
  • PAT Margin: 54.1%, improved from 49.7% in H1 FY26.
  • Total Income: ₹1,603 crore, representing 98.6% year-on-year growth compared to H1 FY26 (₹807 crore).
  • Total Expenses: ₹441 crore, increased by 46.6% year-on-year compared to H1 FY26 (₹301 crore).

Operational Metrics - Q2 FY27

  • Futures Average Daily Turnover (ADT): ₹62,819 crore, representing 50.6% year-on-year growth compared to Q2 FY26 (₹41,725 crore) and 5.3% quarter-over-quarter growth from Q1 FY27 (₹59,674 crore).
  • Options Average Daily Turnover (ADT): ₹12,00,129 crore, representing 224.8% year-on-year growth compared to Q2 FY26 (₹3,69,512 crore) and 21.3% quarter-over-quarter growth from Q1 FY27 (₹9,89,691 crore).
  • F&O Average Daily Turnover (ADT): ₹12,62,948 crore, representing 207.1% year-on-year growth compared to Q2 FY26 (₹4,11,237 crore) and 20.4% quarter-over-quarter growth from Q1 FY27 (₹10,49,365 crore).
  • Total Traded Clients - Futures: 4.00 lakhs, representing 46.3% year-on-year growth compared to Q2 FY26 (2.73 lakhs) but decreased 3.0% quarter-over-quarter from Q1 FY27 (4.12 lakhs).
  • Total Traded Clients - Options: 13.03 lakhs, representing 103.7% year-on-year growth compared to Q2 FY26 (6.40 lakhs) and 11.8% quarter-over-quarter growth from Q1 FY27 (11.66 lakhs).
  • Total Traded Clients - F&O: 14.98 lakhs, representing 89.8% year-on-year growth compared to Q2 FY26 (7.90 lakhs) and 9.2% quarter-over-quarter growth from Q1 FY27 (13.72 lakhs).
  • Deliveries for Q2 FY27: Gold 5.68 MT; Silver 199.91 MT; Base Metals 34,707 MT.

Operational Metrics - H1 FY27

  • Futures Average Daily Turnover (ADT): ₹61,280 crore, representing 49.2% year-on-year growth compared to H1 FY26 (₹41,080 crore).
  • Options Average Daily Turnover (ADT): ₹10,96,529 crore, representing 242.4% year-on-year growth compared to H1 FY26 (₹3,20,255 crore).
  • F&O Average Daily Turnover (ADT): ₹11,57,809 crore, representing 220.4% year-on-year growth compared to H1 FY26 (₹3,61,335 crore).
  • Total Traded Clients - Futures: 5.77 lakhs, representing 59.9% year-on-year growth compared to H1 FY26 (3.61 lakhs).
  • Total Traded Clients - Options: 17.27 lakhs, representing 102.1% year-on-year growth compared to H1 FY26 (8.54 lakhs).
  • Total Traded Clients - F&O: 19.75 lakhs, representing 91.3% year-on-year growth compared to H1 FY26 (10.33 lakhs).

Management Commentary

Ms. Praveena Rai, Managing Director & CEO of MCX, commented on the financial results: "For over two decades, MCX has played a pivotal role in strengthening India's commodity markets through transparent price discovery and effective risk management solutions. Our strong performance in Q2 FY27 reflects the continued trust of market participants and the growing relevance of the Exchange in the evolving commodity ecosystem. This was driven by sustained growth across product segments, market participation, and ongoing efforts to broaden the product portfolio. As we look ahead, our focus is on building on this strong foundation by continuing to broaden market participation, expand product portfolio, and invest in technology and innovation. We remain committed to developing a more vibrant and inclusive commodity markets ecosystem while creating sustainable, long-term value for all our stakeholders."

Company Background

Multi Commodity Exchange of India Limited (MCX) is India's leading Commodity Derivatives Exchange and the largest Commodity Options Exchange globally (FIA 2025). Operational since 2003, MCX has a market share of over 98% in terms of the value of commodity futures contracts traded in H1 FY27. The exchange offers trading in a diverse range of commodities including bullion, energy, metals and agri commodities, as well as sectoral commodity indices.