Multi Commodity Exchange of India Limited (MCX) reported a strong financial performance for the second quarter of FY27, with consolidated net profit increasing 130.8% year-on-year to ₹455 crore, compared with ₹197 crore in the corresponding quarter of the previous financial year.
The exchange’s revenue from operations surged 113.9% to ₹800 crore in Q2 FY27, against ₹374 crore in Q2 FY26. Total income rose 112.2% to ₹851 crore from ₹401 crore in the year-ago quarter, reflecting increased trading activity and higher market participation.
MCX Q2 Results : Key Financial Highlights
- Revenue from Operations: ₹800 crore, up 113.9% YoY.
- Total Income: ₹851 crore, up 112.2% YoY.
- EBITDA: ₹664 crore, up 145.9% YoY.
- EBITDA Margin: 78.0%, compared with 67.3% in Q2 FY26.
- Profit Before Tax (PBT): ₹640 crore, up 158.0% YoY.
- Profit After Tax (PAT): ₹455 crore, up 130.8% YoY.
- PAT Margin: 53.4%, compared with 49.1% in the corresponding quarter last year.
Total expenses increased 38.1% to ₹211 crore during the quarter, while tax expenses stood at ₹185 crore.
MCX Trading Volumes Rise Across Futures and Options
MCX reported significant growth in trading activity during the September quarter, supported by increased participation across its futures and options segments.
The average daily turnover (ADT) of futures contracts increased 50.6% year-on-year to ₹62,819 crore, compared with ₹41,725 crore in Q2 FY26.
Options ADT recorded an even sharper increase of 224.8% to ₹12,00,129 crore, against ₹3,69,512 crore in the corresponding quarter last year.
The combined average daily turnover of futures and options rose 207.1% year-on-year to ₹12,62,948 crore.
The number of traded clients also increased. Total traded clients in the futures segment reached 4 lakh during the quarter, while the options segment recorded 13.03 lakh traded clients.
Physical Commodity Deliveries During Q2
The exchange also reported physical deliveries across several commodity categories during Q2 FY27.
- Gold: 5.68 metric tonnes
- Silver: 199.91 metric tonnes
- Base Metals: 34,707 metric tonnes
These deliveries reflect activity across MCX’s commodity derivatives ecosystem, which includes bullion, energy, metals and agricultural commodities.
MCX H1 FY27 Performance
For the first half of FY27, MCX continued to report strong growth across its key financial parameters.
- Revenue from Operations: ₹1,502 crore, up 100.8% YoY.
- Total Income: ₹1,603 crore, up 98.6% YoY.
- EBITDA: ₹1,206 crore, up 121.3% YoY.
- EBITDA Margin: 75.2%.
- Profit Before Tax: ₹1,162 crore, up 129.6% YoY.
- Profit After Tax: ₹868 crore, up 116.4% YoY.
The exchange’s average daily turnover of futures and options combined increased 220.4% year-on-year during H1 FY27.
Management Commentary
Commenting on the performance, Praveena Rai, Managing Director and CEO of MCX, said the quarter’s results reflected continued trust from market participants and the growing relevance of the exchange in India’s evolving commodity market ecosystem.
She attributed the performance to sustained growth across product segments, increased market participation and ongoing efforts to expand the exchange’s product portfolio.
The company also highlighted its continued focus on broadening market participation, expanding its product offerings and investing in technology and innovation.
Conclusion
MCX reported strong growth in revenue, profitability and trading activity during Q2 FY27. The rise in futures and options turnover, along with an improvement in EBITDA margins, contributed to the exchange’s higher earnings. Its H1 FY27 performance also reflected substantial year-on-year growth across major financial and operational indicators.
Source: MCX press release and unaudited consolidated financial results for the quarter and half year ended September 30, 2026, filed with the stock exchanges.
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