Multi Commodity Exchange of India (MCX) Q4 25/26 earnings summary

Executive summary

• Consolidated revenue from operations more than doubled to INR 2,302 crores for FY26, driven by strong growth in trading activity, especially in bullion and energy segments.

• Profit after tax surpassed INR 1,300 crores, with EBITDA reaching INR 1,774 crores, reflecting scale benefits and cost discipline.

• MCX maintained over 99% market share in bullion, base metals, and energy derivatives.

• Audited standalone and consolidated financial results for FY26 were approved with an unmodified audit opinion.

• A final dividend of ₹8 per equity share was recommended for FY26, subject to shareholder approval.

Financial highlights

• FY26 consolidated revenue from operations: INR 2,302 crores (+107% YoY); total income: INR 2,429 crores (+101% YoY); EBITDA: INR 1,774 crores (+133% YoY); PAT: INR 1,332 crores (+138% YoY).

• Q4 FY26 total income: INR 925 crores (+189% YoY); EBITDA: INR 703 crores (+271% YoY); PAT: INR 530 crores (+291% YoY).

• Basic and diluted consolidated EPS for FY26 was ₹52.22, up from ₹21.96 in FY25.

• Q4 transaction charges: INR 242 crores from futures, INR 569 crores from options.

• Interest income on margin money for Q4 was INR 59 crores, up from INR 22 crores in the previous year.

Outlook and guidance

• Management expects FY27 to be another strong year, though cyclicality may affect quarterly results.

• Strong ADT expansion in both futures and options, led by bullion and energy, signals continued growth momentum.

• New product launches and regulatory changes are expected to further boost participation and market depth.

• Focus remains on innovation, liquidity enhancement, and long-term value creation.

• Dividend of ₹8 per share recommended for FY26, pending AGM approval.