ALFA Finder
The call has ended.
Key takeaways
H1 FY27 PAT ₹868 Cr (+117%) on revenue ₹1,501 Cr (+101%); no guidance given, management declines margin projections.
| Revenue growth | H1 revenue ₹1,501 Cr, +101% YoY; quarterly split not stated. |
|---|---|
| Margins | Management declined to project margins; Q2 margin boosted by SGF cut. |
| Demand visibility | Participation growing; ~250 FPIs onboarded; final FPI circulars pending. |
| Management confidence | Balanced; declined margin, market-share and FPI-timing numeric questions. |
Growth
Revenue +101% YoY (H1) driven by volumes/volatility; no fee multiplier; SGF cut lifted profit.
Outlook
No numeric guidance; ~250 FPIs onboarded, participation late single-digit %; SGF contributions resume in 2-3 quarters.
Risks
Effective tax rate to ~25% after Q1 catch-up; SGF buffer lasts only few quarters; BG rule impact unquantified; competitive pressure.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Multi Commodity Exchange of India Q2 FY27 Results: Net Profit ₹454.6 Cr, Up 130.2% YoY
Multi Commodity Exchange of India Ltd reported revenue from operations of ₹799.7 Cr (+113.7% YoY) and net profit of ₹454.6 Cr (+130.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹454.6 Cr · +130.2% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Strong product pipeline in energy and metals; plans for a Coal Exchange subsidiary and expansion of electricity derivatives.
Growth they described
Revenue doubled to ₹2,302cr; EBITDA reached ₹1,774cr. Option revenue for Q4 stood at ₹569cr vs ₹242cr for futures.
Call details
| Company | Multi Commodity Exchange Of India Ltd |
|---|---|
| NSE symbol | MCX |
| ISIN | INE745G01043 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 4:00 PM IST |
Multi Commodity Exchange Of India Ltd: key numbers
- Share price
- ₹3,617.60
- Market cap
- ₹92,246 Cr
- Revenue (annual)
- ₹2,302 Cr
- Net profit (annual)
- ₹1,332 Cr
- P/E (TTM)
- 51.3×Sector 20.8×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 27.06%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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