Shares of Multi Commodity Exchange (MCX) opened Wednesday, January 28, with a remarkable jump of 7.7%, reaching a fresh all-time high of ₹2,605. The rally extends the momentum from the previous session, reflecting investor enthusiasm following the company’s strong Q3FY26 earnings.
MCX, India’s leading commodity derivatives platform, has showcased robust growth across key financial metrics, underpinned by a surge in trading volumes across bullion, base metals, and energy segments.
Market Performance: A Record-Breaking Day for MCX
- MCX share price surged 7.7% in early trade.
- The stock touched a new lifetime high of ₹2,605 per share.
- The rally marks the second consecutive session of gains, fueled by strong quarterly earnings.
The market responded positively as MCX reported significant growth in revenue, EBITDA, and net profits. Investors reacted to the volume-driven performance, particularly in gold and silver contracts, which contributed heavily to the surge.
MCX Q3FY26 Earnings: Strong Growth Across the Board
MCX’s Q3FY26 earnings report highlights an impressive beat on all fronts:
- Revenue: ₹697 crore, up 115% YoY
- EBITDA: ₹527 crore, up 144% YoY
- Net Profit: ₹401 crore, up 151% YoY (from ₹160 crore last year)
The company’s growth story was driven by a sharp increase in trading volumes, showcasing its dominance in India’s commodity derivatives market.
Trading Volumes Drive the Surge
MCX’s average daily turnover (ADT) for Q3FY26 skyrocketed to ₹7.9 trillion, a 3.3x YoY increase. Breaking this down:
- Options Notional ADT: ₹6.7 trillion (221% YoY growth)
- Futures ADT: ₹886 billion (207% YoY growth)
The increase in volumes was primarily supported by:
- Bullion contracts: massive growth in both futures and options
- Energy contracts: consistent rise, particularly in options
- Base metals: notable growth in futures
Options Premium ADT Highlights
- Reached ₹71 billion, up 97% YoY
- Bullion and energy contracts contributed 959% and 23% YoY growth, respectively
Futures ADT Highlights
- Futures ADT climbed to ₹886 billion, driven by:
- Bullion contracts: 297% YoY growth
- Energy contracts: 45% YoY growth
- Base metals: 62% YoY growth
These figures reflect MCX’s expanding market presence and its ability to capture incremental trading volumes across multiple commodities.
Company Overview: Dominance in the Indian Commodity Market
MCX continues to maintain a commanding position in India’s commodity derivatives space, holding over 99% market share across bullion, base metals, and energy segments.
- India’s commodity market valuation: ₹850 trillion
- MCX contribution: majority share across all major segments
Bullion trading has historically driven growth for MCX, but recent months have seen meaningful gains in base metals and energy derivatives, highlighting the exchange’s broad-based performance.
Summary: MCX on a Growth Trajectory
MCX’s Q3FY26 performance underscores a powerful combination of strong revenue growth, expanding trading volumes, and record profits.
- Revenue growth: 115% YoY
- EBITDA growth: 144% YoY
- Net profit growth: 151% YoY
- Average daily turnover: ₹7.9 trillion
The company’s dominance in bullion, base metals, and energy trading continues to be a key driver of its market-leading performance. With trading activity surging, MCX share price hitting record highs mirrors the underlying fundamentals and investor confidence in the company’s sustained growth.
Source: Livemint
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