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Earnings Call

Multi Commodity Exchange of India Earnings Call: Key Takeaways

MCX reported a dominant performance for FY26 with consolidated operating revenue doubling to ₹2,302 Cr and PAT crossing ₹1,300 Cr, driven by exponential growth in Options ADT (+146% YoY).

Why this was an Alfa AlertNot a filter event. While growth was exceptional, there was no explicit prior management guidance range provided to measure a material beat against.
Highlights
Revenue growth107% YoY growth in FY26 operating revenue.
MarginsEBITDA margin improved from 63% (PY) to 73%.
Demand visibilityStrong acceleration in ADT across Bullion and Energy segments.
Management confidenceHigh, citing market expansion and new product launches.

Growth

FY26 Consolidated Revenue grew 107% YoY; PAT grew 138% YoY to ₹1,332 Cr; EBITDA margin expanded to 73%.

Outlook

Launch of electricity derivatives, cardamom/nickel futures, and monthly gold/silver options on bimonthly underlying futures.

Risks

Regulatory changes in commodity derivatives; concentration in Bullion/Energy segments (77% of futures turnover); reliance on technology platforms.

Source

Earnings Call filed with BSE, NSE: MCX. Summary written with AI assistance from the document.

Read the document ↗

Multi Commodity Exchange of India Ltd: key numbers

Share price
₹3,324.90
Market cap
₹84,782 Cr
Revenue (annual)
₹2,302 Cr
Net profit (annual)
₹1,332 Cr
P/E (TTM)
55.0×Sector 22.0×
Promoter holding
0.00%+0.00% QoQ
FII holding
29.85%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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