DBT Bureau
Pune, 9 May 2026
Multi Commodity Exchange of India Limited (MCX) released its audited financial results for the quarter and year ended March 31, 2026, in an exchange filing. The Board has recommended a final dividend of Rs. 8 per share (face value of Rs. 2 per share), subject to shareholders’ approval at the ensuing Annual General Meeting (AGM).
Performance highlights – Consolidated results Q4FY26
➢ Revenue from Operations Rs. 889 crores, registering a growth of ~205% over Q4FY25.
➢ EBITDA increased by ~271% to Rs. 703 crores over Q4FY25.
➢ Profit After Tax (PAT) Rs. 530 crores, ~291% YoY growth.
Commenting on the financial results, Praveena Rai, Managing Director & CEO, MCX said, “Our operating revenue more than doubled, growing by 113% YoY, reflecting our focused strategy, strong execution, increased participation, across all segments, new members & new products. To strengthen the Commodity Derivatives ecosystem, we initiated a focused drive – ‘Price in India : Hedge in India’ to promote and deepen hedging participation in India. Institutional and retail investors have also increasingly embraced the commodity asset class, leading to broader and deeper market participation. Going forward, our focus remains on sustainable growth, diversification of participation, products; further strengthening technology and risk frameworks, and continued enhancement of shareholder value”.
Q4 FY26 vs Q3 FY26 vs Q4 FY25 (Rs. Crores)
| Description | Q4 FY26 | Q3 FY26 | Q4 FY25 | Growth QoQ (%) | Qtrly Growth YoY (%) |
|---|---|---|---|---|---|
| Revenue from Operations | 889 | 666 | 291 | 34% | 205% |
| Total Income | 925 | 697 | 320 | 33% | 189% |
| EBITDA | 703 | 527 | 189 | 33% | 271% |
| EBITDA Margin | 76% | 76% | 59% | — | — |
| Total Expenses | 242 | 192 | 153 | 26% | 58% |
| Profit Before Tax | 682 | 503 | 168 | 36% | 305% |
| Tax Expenses | 152 | 102 | 33 | 49% | 363% |
| Profit After Tax | 530 | 401 | 135 | 32% | 291% |
| PAT Margin | 57% | 58% | 42% | — | — |
FY26 vs FY25 Performance (Rs. Crores)
| Description | FY26 | FY25 | Yrly Growth YoY (%) |
|---|---|---|---|
| Revenue from Operations | 2,302 | 1,113 | 107% |
| Total Income | 2,429 | 1,209 | 101% |
| EBITDA | 1,774 | 762 | 133% |
| EBITDA Margin | 73% | 63% | — |
| Total Expenses | 734 | 512 | 44% |
| Profit Before Tax | 1,690 | 699 | 142% |
| Tax Expenses | 359 | 139 | 157% |
| Profit After Tax | 1,332 | 560 | 138% |
| PAT Margin | 55% | 46% | — |
Key Business and Operational Highlights FY26:
➢ MCX ranks as the world’s largest Commodity Options Exchange and the 4th largest Commodity
Exchange as per FIA data for 2025 (by number of contracts).
➢ Growth Drivers: Two strong pillars of Bullion and Energy with good metals growth.
➢ YoY ADT (F&O) growth for Bullion – 496%, Metals – 116% and Energy – 29%.
➢ Balanced growth of future & options (Future revenue – Rs. 693 crores, up by 136%, Option revenue – Rs. 1,398 crores, up by 109%).
➢ New Product Expansion: Electricity Futures; BULLDEX Options; Cardamom Futures; Nickel Futures; Gold Ten Futures; Gold Monthly Options; Silver Monthly Options.
➢ Participation Growth: Increase in Traded clients to 20.90 lakhs in FY26 from 13 lakhs in FY25; Healthy growth of new members, financial and corporate institutions.
➢ Robust Delivery Driven Contracts: Gold 21MT; Silver 401MT; Base Metals 95,781 MT
➢ Technology & Cybersecurity: We continued strengthening our technology infrastructure and cyber resilience. Our systems handled a sharp increase in trading volumes maintaining stability and scalability. At the same time, cyber risk management was enhanced through proactive monitoring and strengthened security protocols. We will continue to invest in technology enhancements and scaling capacity.
➢ Rapid operational scaling: Successfully captured unexpected market surges and risks driven by macroeconomic events towards delivery, surveillance, compliance, risk management and other operations.
