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Multi Commodity Exchange of India Results: Latest Quarterly Results & Analysis

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Multi Commodity Exchange of India Ltd. 07 Nov 2025 11:17 AM

Q2FY26 Quarterly Result Announced for Multi Commodity Exchange of India Ltd.

Capital Markets company Multi Commodity Exchange of India announced Q2FY26 results

  • Revenue from Operations Rs 374.23 crore, registering a growth of ~ 31% over Q2FY25.
  • EBITDA increased to Rs 270.19 crore, ~32% YoY growth.
  • Profit After Tax (PAT) Rs 197.47 crore, ~29% YoY growth.
  • Average Daily Turnover (ADT) increased to Rs 411,270 crore, reflecting the trust of our stakeholders and market participants alike.

Praveena Rai, Managing Director & CEO, MCX, said: “It gives me great pleasure to share our results of resilient performance. Our continued growth across product segments and strong participation reflect the confidence that market participants have in MCX’s transparent market ecosystem.

We remain committed to expanding our product offerings and deepening market penetration, further strengthening our role as the preferred destination for commodity derivatives trading in India.

MCX continues to strengthen its leadership in India’s commodity derivatives market by enhancing technology infrastructure, deepening market participation, and introducing innovative products that cater to the evolving needs of stakeholders”.

Result PDF

Capital Markets company Multi Commodity Exchange of India announced Q1FY26 results
  • Revenue from Operations stood at Rs 373.21 crore, registering a growth of 59% over Q1FY25.
  • EBITDA increased to Rs 274.27 crore.
  • Profit After Tax (PAT) came in at Rs 203.19 crore.
  • Average Daily Turnover (ADT) increased to Rs 3,10,775 crore, driven by renewed participant interest and dynamic market environment.

Praveena Rai, Managing Director & CEO, MCX said: “It gives me great pleasure to present to you the financial and operational performance of Multi Commodity Exchange of India Limited for Q1FY26. We began this financial year on a positive note, demonstrating resilience, adaptability, and strategic focus amid a continuously evolving market environment. We’ve also witnessed increased participation from institutional clients and hedgers, especially from the MSME sector and physical market players, with our awareness and product innovation efforts.

We introduced new contracts including Electricity Futures, expanded the contracts in the bullion and agri segments, broadening the risk management spectrum for our stakeholders. We continue to work closely with our regulators and members to develop commodity derivative market, improve physical market linkages, and enhance transparency. We remain focused on continuously strengthening technology and risk frameworks, which are an imperative and will serve us well in times to come”.

Result PDF

Capital Markets company Multi Commodity Exchange of India announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • For Q4FY25, MCX’s total income increased by Rs 121.04 crore from Rs 199.45 crore, to Rs 320.49 crore, up by ~61% over Q4FY24.
  • The operating income during the three-month period increased by ~61% to Rs 291.33 crore from Rs 181.14 crore over Q4FY24.
  • EBITDA has increased significantly from Rs 120.33 crore over Q4FY24. For the Q4FY25, the EBITDA margin was ~59% and PAT margin was ~42%.
  • Net profit for the quarter stood at Rs 135.46 crore compared to Rs 87.87 crore over Q4FY24.

Q4FY25 Operational Highlights:

  • For the quarter, Options’ notional ADT surged to Rs 2,20,936 crore, up 94% YoY and 7% QoQ. The options’ premium ADT for the quarter surged to Rs 3,288.63 crore from Rs 3,613.14 crore in the previous quarter and Rs 2,038.84 crore in Q4FY24.
  • During Q4 FY25, 1.46 tonnes of Gold (all variants) and 174.26 tonnes of Silver (all variants) respectively were delivered through the Exchange mechanism. In Base Metals, a total of 19,397 tonnes of metal was delivered.
  • During the quarter, the Exchange recorded the highest combined (F&O) daily turnover of Rs 5,03,335 lakh crore on Jan 13, 2025 since inception. Subsequently, the above was surpassed with a record daily turnover of Rs 5,83,572 crore on April 30, 2025.

FY25 Financial Highlights:

  • For the fiscal year MCX’s total income increased by Rs 450 crore to Rs 1208.86 crore, up ~59% YoY.
  • EBITDA for FY25 stood at Rs 761.51 crore as against Rs 139.70 crore for FY24, up by 445%.
  • Net profit at Rs 560.04 crore as against Rs 83.11 crore for the previous year, up by 574%.

FY25 Operational Highlights:

  • For FY25, the ADT of futures and options surged by 101% reaching Rs 2,19,063 crore, compared to FY24 ADT of Rs 1,08,880 crore.
  • The combined number of traded clients for futures and options witnessed a 39% growth, reaching 12.96 lakh from 9.32 lakh last year.
  • The ADT of commodity futures surged by 38% during the year to Rs 27,153 crore vis-a-vis Rs 19,636 crore in FY24.
  • In FY25, the notional ADT of options surged by 115% to Rs 1,91,910 crore as against Rs 89,244 crore during the previous year, FY24.
  • The premium ADT of options for the period surged to Rs 3,130.59 crore from Rs 1,697.55 crore the previous year.
  • During FY25, in the precious metals segment, 7.08 MT of Gold (all variants), 663.27 MT Silver (all variants), and a total of 69,384 MT of Base Metals were delivered through the Exchange mechanism.
  • The year witnessed the highest combined ADT of Rs 2,19,063 crore since inception.

Result PDF

Exchange company Multi Commodity Exchange of India announced Q3FY25 results

Financial Highlights:

  • For the quarter revenue from operations increased by 57% to Rs 301 crore compared to Q3FY24.
  • For Q3FY25, the total income of MCX stood at Rs 324 crore vis-à-vis Rs 209 crore during the Q3FY24.
  • EBITDA for Q3FY25, stood at Rs 216 crore, as against a loss of Rs 2 crore in Q3FY24.
  • Net Profit for Q3FY25, stood at Rs 160 crore, as against a loss of Rs 5 crore in Q3FY24.

Q3FY25 Operational Highlights:

  • Options made a significant growth as its ADT increased to Rs 2,07,090 crore as against Rs 1,93,309 crore in Q2FY25. The average premium turnover also increased to Rs 3,613 crore from Rs 3,264 crore in Q2FY25.
  • The ADT of futures increased to Rs 28,410 crore during Q3FY25 from Rs 26,941 crore in Q2FY25.

9MFY25 Operational Highlights:

  • For 9MFY25, the ADT of futures and options increased by 106% reaching Rs 2,09,233 crore, compared to 9MFY24.
  • The total traded clients in futures and options on the exchange saw a growth of 49%, reaching around 11 lakh during 9MFY25 over the 9MFY24.
  • The ADT of commodity futures increased by 33% to Rs 27,099 crore during FY25, from Rs 20,321 crore in the corresponding period of FY24.
  • There was a significant increase in the notional ADT of options during 9MFY25, increasing by 124% to Rs 1,82,134 crore from its previous value of Rs 81,186 crore in 9MFY24.
  • During 9MFY25, 5.6 MT of Gold (all variants), 489 MT Silver (all variants) and a total of 49,986 MT of Base Metals were delivered through the Exchange mechanism.

Result PDF

Exchange company Multi Commodity Exchange of India announced Q2FY25 results

Financial Highlights:

  • For the quarter revenue from operations increased by 73% to 285.58 crore compared to the corresponding three-month period ended September last year.
  • For Q2FY25, the total income of MCX stood at Rs 310.82 crore vis-à-vis Rs 184.02 crore during the corresponding period in the previous year.
  •  EBITDA for Q2FY25, stood at Rs 204.68 crore, as against Rs (9.79) crore in the corresponding period of FY24.
  • Net Profit for the quarter ended September 30, 2024, stood at Rs 153.62 crore, as against a loss of Rs 19.07 crore in the corresponding period of FY24.

Operational Highlights:

  • The average daily turnover of futures increased by 3.7% to Rs 26,941 crore during Q2FY25 from Rs 25,985 crore in the previous quarter, Q1FY25.
  • Options, on the other hand, made significant growth as its ADT increased to Rs 1,93,309 crore as against Rs 1,46,771 crore in Q1FY25. The average premium turnover also increased to Rs 3,264 crore from Rs 2,371 crore in Q1FY25.
  • During the quarter, the number of total traded clients stood at 6.80 lakh, witnessing a significant growth rate of 19.91% over the previous quarter.
  • A total of 22,342 MT of base metals were delivered through Exchange mechanism during the Q2FY25. In Bullion 3.35 and 204.08 MT, respectively, of Gold (all variants) and Silver (all variants) were delivered during the same quarter.

Result PDF

Multi Commodity Exchange of India announced Q1FY25 results:

Financial Highlights:

  • MCX’s QoQ PAT grew 26% to Rs 111 crore for Q1FY25 and YoY PAT grew by 464%.
  • MCX’s QoQ operating revenue increased by 29% to Rs 234 crore for Q1FY25 and YoY PAT grew by 61%.
  • During Q1FY25, Average Daily Turnover (ADT) of futures and options increased by 31.64% to Rs 1,72,757 crore, compared to the turnover in Q4FY24 of Rs 1,31,230 crore. 

Operational Highlights:

  • The average daily turnover of commodity futures showed an increase of 48% during Q1FY25, to Rs 25,985 crore from its value of Rs 17,558 crore in the sequential quarter, Q4FY24.
  • On the other hand, there was a significant increase in the notional ADT of options during Q1FY25, increasing by 29.12% to Rs 1,46,771 crore from its previous value of Rs 1,13,672 crore in Q4FY24.
  • During Q1FY25, the average daily turnover of futures and options increased by 31.64% reaching Rs 1,72,757 crore, compared to the turnover of the previous quarter (i.e., Q4FY24).
  • The total traded clients in futures and options on the exchange saw a growth of 6.4%, reaching around 5.67 lakh during Q1FY25 over the sequential quarter last year. This is in comparison to 5.33 lakh clients in the previous quarter and 3.9 lakh in Q1 FY23-24.
  • During the said quarter of FY24-25, a total of 13,224 MT of base metals were delivered through Exchange mechanism.
  • MCX’s market share in commodity futures during Q1FY25 stood at 97.84%.

Result PDF

Multi Commodity Exchange of India announced Q4F24 & FY24 results:

Q4FY24 Financial Highlights:

  • Total Income: The total income for the quarter ending March 31, 2024, rose by 29.66% YoY to Rs 199.45 crore, although it experienced a slight decrement of 4.69% from the previous quarter.
  • EBITDA: EBITDA for Q4 increased to Rs 120.33 crore, which was significantly higher than the corresponding quarter's EBITDA of Rs 22.15 crore and Rs (1.97) crore from the sequential quarter.
  • Net Profit: The net profit for the final quarter stood at Rs 87.87 crore compared to the net loss of Rs (5.35) crore in the sequential quarter and net profit of Rs 5.45 crore in the corresponding quarter of last year.

FY24 Financial Highlights:

  • Total Income (FY24): MCX's consolidated total income for the fiscal year ending March 31, 2024, was at Rs 758.94 crore, marking a 30.59% increase YoY.
  • EBITDA (FY24): The EBITDA for FY24 stood at Rs 139.70 crore, which is a decrease of 35.73% from the previous fiscal year.
  • Net Profit (FY24): The net profit for the fiscal year was Rs 83.11 crore, witnessing a decline of 44.21% compared to the previous year.

Operational Highlights for FY24:

  • Average Daily Turnover (ADT): For the fiscal year, the ADT of futures and options surged by 89.3% to Rs 1,08,880 crore.
  • Traded Clients: The number of traded clients for futures and options saw a 50% growth YoY, reaching 9.32 lakh.
  • Commodity Futures ADT: The ADT for commodity futures declined by 16.5% YoY to Rs 19,636 crore.
  • Commodity Options Notional ADT: The notional ADT of options increased by 162% to Rs 89,244 crore.
  • Options Premium ADT: The premium ADT for options doubled to Rs 1,698 crore YoY.
  • Physical Deliveries: Delivery of precious metals through the Exchange mechanism comprised approximately 7.4 tonnes of Gold and 472.8 tonnes of Silver, while base metals had a total delivery of 94,036 tonnes.

Result PDF

Multi Commodity Exchange of India announced Q3FY24 results:

Financial Performance

  • Operating Revenue: MCX reported an increase in operating revenue (consolidated) of 16% to Rs 191.53 crore in Q3FY24, up from Rs 165.11 crore in the sequential quarter, Q2FY24.
  • Total Income: The total income rose by 13.72% to Rs 209.26 crore for Q3FY24 compared to Rs 184.02 crore in Q2FY24.
  • EBITDA: The EBITDA for Q3FY24 went up, reaching Rs (1.97) crore, which is a significant increase of 79.88% from the negative Rs (9.79) crore reported in the last sequential quarter.
  • Net Loss: There was a decrease in the net loss by 71.95% to Rs (5.35) crore from Rs (19.07) crore in Q2FY24.

Operational Performance

  • Average Daily Turnover (ADT) of Futures: The ADT of futures increased by 10.8% to Rs 20,796 crore in Q3FY24 compared to Rs 18,763 crore in Q2FY24.
  • Options Trading Growth: Options, on the other hand, made significant growth as its ADT increased to Rs 95,989 crore as against Rs 85,873 crore in Q2FY24. The average premium turnover also increased to Rs. 1,935 crore from Rs. 1,580 crore in Q2FY24.
  • Client Growth in Derivatives: During the quarter, the number of total traded clients stood at 4.77 lakh, witnessing a growth rate of 7.4% over the previous quarter.

Commodity Deliveries

  • Gold and Silver: A total of 1.5 MT of Gold (all variants) and 27.6 MT of Silver (all variants) were delivered through the Exchange mechanism in Q3FY24.
  • Base Metals: A total of 27,804 MT of base metals were delivered during the same quarter.

Technology Platform Transition

  • Mentioned that the company would have recorded a profit if not for the payment commitment of Rs 125 crore made till December 31, 2023, to the erstwhile technology vendor after the company transitioned to a new platform on October 16, 2023.

Result PDF

Multi Commodity Exchange of India announced Q2FY24 results:
  • The quarterly revenue from operations increased by 30% to Rs 165.11 crore compared to Q2FY23. On the other hand, MCX’s operating income increased by 13% for Q2FY24 from Rs 145.77 crore over the sequential quarter, Q1FY24.
  • Average daily turnover (ADT) of futures and options during Q2FY24 saw a significant increase, rising by 25.5% to reach Rs 1,04,636 crore, compared to the previous quarter’s Rs 83,341 crore.
  • The traded clients witnessed a QoQ growth of ~ 13.1% reaching ~ 4.45 lakh during Q2FY24 as against 3.93 lakh in the previous quarter, Q1FY24.
  • Options’ ADT grew by 38.7% to Rs 85,873 crore in Q2FY24 from Rs 61,928 crore in Q1FY24.
  • Despite the contribution to the Settlement Guarantee Fund (SGF) of Rs 11.4 crore and payments made to the technology vendor, the loss for the quarter was limited to Rs 19.07 crore.

P S Reddy, MD and CEO, MCX, said, “This migration marks a significant milestone and a new beginning in our quest to develop India’s commodity derivatives market eco-system, driven by technology, in alignment with the Exchange’s strategic vision. As we move forward, our dedication and commitment to strengthen infrastructure and foster innovation in the industry will continue to reinforce our position as India’s leading commodity exchange.”

 

Result PDF

Multi Commodity Exchange of India announced Q1FY24 results:

  • For Q1FY24, MCX’s total income increased by 8% to Rs 166 crore from Rs 154 crore over Q4FY23.
  • MCX’s operating income increased by 9% to Rs 146 crore for Q1FY24 from Rs 134 crore over Q4FY23.
  • During Q1FY24, the Average Daily Turnover (ADT) of futures and options increased by 26% to Rs 83,341 crore, compared to the turnover in Q4FY23.
  • The traded clients in F&O saw a growth of 12% reaching around 3.93 lakh during Q1FY24 vis-à-vis 3.52 lakh in Q4FY23.
  • EBITDA for Q1FY24 increased by 41% to Rs 31 crore from Rs 22 crore over Q4FY23.
  • EBITDA margin (consolidated) stood at 19% for Q1FY24 and 14% for Q4FY23, marginally higher in spite of high technology servicing cost.
  • Net profit for Q1FY24, increased by 261% to Rs 20 crore from Rs 5 crore over Q4FY23.
  • MCX’s market share in commodity futures during Q1FY24 stood at 96.3%

 

 

Result PDF

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