MCX reports 131% jump in Q2 net profit to Rs 455 crore

Multi Commodity Exchange of India (MCX) reported a 130.8% year-on-year increase in consolidated profit after tax to Rs 455 crore in Q2 FY27 from Rs 197 crore in Q2 FY26.

Sequentially, net profit increased 10.1% from Rs 413 crore in Q1 FY27.

Revenue from operations surged 113.9% year on year to Rs 800 crore in Q2 FY27 from Rs 374 crore. Sequentially, revenue increased 14% from Rs 702 crore in Q1 FY27.

EBITDA increased 145.9% year on year and 22.1% quarter-on-quarter to Rs 664 crore. EBITDA margin expanded to 78% from 67.3% in Q2 FY26 and 72.3% in Q1 FY27.

Profit before tax stood at Rs 640 crore in Q2 FY27, up 22.3% vs previous quarter and 158% vs year-ago quarter.

Total expenses declined 7.7% sequentially to Rs 211 crore from Rs 229 crore in Q1 FY27. However, expenses increased 38.1% year on year from Rs 153 crore in Q2 FY26.

Average daily turnover (ADT) in the futures segment increased 50.6% year on year to Rs 62,819 crore in Q2 FY27. Options ADT surged 224.8% to Rs 12,00,129 crore. Total futures and options ADT increased 207.1% to Rs 12,62,948 crore.

The total number of traded clients in the futures and options segment increased 89.8% year on year to 14.98 lakh. Futures traded clients rose 46.3% to 4 lakh, while options traded clients increased 103.7% to 13.03 lakh.

During Q2 FY27, deliveries stood at 5.68 MT for gold, 199.91 MT for silver and 34,707 MT for base metals.

Managing director and CEO Praveena Rai said the strong performance reflected continued trust from market participants and the exchange's growing relevance in the commodity ecosystem. She attributed the growth to sustained activity across product segments, increased market participation and efforts to broaden the product portfolio. She added that MCX would continue to focus on expanding market participation, product offerings, technology and innovation.

MCX is a commodity derivatives exchange offering trading in bullion, energy, metals, agricultural commodities and commodity indices. Operational since 2003, it accounted for over 98% of the value of commodity futures contracts traded in India in H1 FY27. MCX provides a platform for price discovery and risk management and has strategic alliances with domestic and international exchanges and trade associations.

MCX shares was currently down 5.72% at 3,290 on the NSE after soaring 9.45% in the past two sessions.

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