MCX shares jump 4% despite overall market weakness. Here’s why
MCX had released its results in the post-market hours of Friday. The exchange’s net profit stood at Rs 530 crore in the January-March quarter of FY26, marking a 291% surge from the Rs 135 crore net profit reported in the corresponding quarter of the previous financial year.
The firm’s revenue from operations surged more than 205% to Rs 889 crore in Q4 FY26, from Rs 291 crore in the same period last year. Sequentially, the company’s net profit grew 32% from Rs 401 crore in Q3 FY26, while revenue rose 34% from Rs 666 crore in the December quarter of FY26. EBITDA soared 271% year-on-year (YoY) to Rs 530 crore, while EBITDA margin improved to 76% during the quarter under review.
Along with the Q4 results, MCX announced that its board has recommended a final dividend of Rs 8 per equity share for the financial year ended March 31, 2026. This is, however, subject to shareholders’ approval at its upcoming Annual General Meeting. The record date to determine the eligibility of shareholders for the proposed dividend will be announced later.
For the entire financial year, which ended on March 31 this year, MCX’s net profit stood at Rs 1,332 crore, as compared to Rs 560 crore reported for FY25. This marks a strong 135% YoY surge in net profit for India’s largest non-agri commodity exchange. Its revenue for operations, meanwhile, grew 107% to Rs 2,302 crore in FY26, as against Rs 1113 crore in FY25.
Speaking about the company’s performance, MCX Managing Director and CEO Praveena Rai 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.”
MCX share price
After opening in the green, MCX shares dropped nearly 2% to hit a low of Rs 3,042.50 apiece on NSE. The stock soon erased all losses and surged around 4% to trade at Rs 3,042.50 apiece on Monday morning. On an intraday basis, the stock has now jumped 6% from its day’s low.
MCX shares have gained 10% in one week and 20% in one month. The stock is up 46% in 2026 so far and more than 182% in one year. In the longer term, the shares of the company delivered a whopping 1,066% returns over three years and 921% in five years.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
