Multi Commodity Exchange (MCX) announced strong unaudited financial results for the quarter ending December 31, 2025 (Q3 FY26). Total revenue increased by 115% year-over-year, reaching ₹697 crores. The exchange reported significant growth in EBITDA and Profit After Tax (PAT), driven by increased trading volumes and successful product launches. Average Daily Turnover (ADT) also saw a substantial rise, reflecting deepening market participation.
Strong Financial Performance
Multi Commodity Exchange of India Limited (MCX) has released its unaudited financial results for Q3 FY26, showcasing significant growth. Key highlights include:
- Revenue from Operations: ₹666 crore, a 121% increase compared to Q3 FY25.
- EBITDA: Increased to ₹527 crore, representing a 144% year-on-year growth.
- Profit After Tax (PAT): ₹401 crore, a substantial 151% year-on-year increase.
- Average Daily Turnover (ADT) for Futures & Options: Increased to ₹7,50,136 crores.
Nine-Month Performance Highlights
The consolidated results for the nine months ending December 31, 2025 (9M FY26) also demonstrate strong performance:
- Revenue from Operations: ₹1,413 crore, a 72% increase compared to the previous year.
- EBITDA: Increased by 87% to ₹1,071 crore.
- Profit After Tax (PAT): ₹802 crore, reflecting an 89% year-on-year growth.
Key Business Developments
Several strategic initiatives contributed to MCX’s strong performance:
- Average Daily Turnover (ADT) of futures and options for Q3 FY26 increased by 224% YoY to ₹7,50,136 crores from ₹2,31,821 crores.
- The share of the Bullion segment in ADT grew to 69% QoQ, driven by the launch of new variants such as Gold Mini and Gold Ten Futures.
- MCX launched monthly Options contracts on the MCX iCOMDEX Bullion Index (MCX BULLDEX), covering both Gold and Silver, effective October 2025.
Statement from Management
Ms. Praveena Rai, Managing Director & CEO, MCX, stated, “It gives me great pleasure to share our results for Q3 of FY 2026. This quarter’s results underscore our continued momentum and deepening participation across segments. Guided by the highest level of governance and compliance, we are enhancing product breadth and operational readiness for growth, delivering value to hedgers, investors and members while shaping the future of commodity derivatives”.
Financial Summary (₹ in crores)
Q3FY26
Q2FY26
Q3FY25
Growth Q-o-Q
Growth Y-o-Y
Total income
697.11
400.79
324.36
74%
115%
Total expenses
192.40
150.41
123.03
28%
56%
Profit before tax and share of profit of associate
504.71
250.38
201.33
102%
151%
Share of (loss) / profit of associate
(1.46)
(1.50)
0.54
3%
(370)%
Profit before tax
503.25
248.88
201.87
102%
149%
Tax expenses
102.13
51.41
41.83
99%
144%
Profit after tax
401.12
197.47
160.04
103%
151%
Source: BSE
