Multi Commodity Exchange of India Ltd (MCX), India’s leading commodity derivatives exchange, reported a consolidated profit after tax (PAT) of Rs 530 crore for the March quarter of FY26, registering a sharp 291% year-on-year growth compared with Rs 135 crore in the corresponding quarter last fiscal.
The company’s revenue from operations surged 205% to Rs 889 crore in Q4FY26 from Rs 291 crore a year ago. EBITDA for the quarter rose 271% to Rs 703 crore, reflecting strong operating momentum driven by higher participation and trading activity across segments.
FY26 earnings more than double
For the full financial year FY26, MCX posted a consolidated PAT of Rs 1,332 crore as against Rs 560 crore in FY25, marking a growth of 138%.
Revenue from Operations for the year stood at Rs 2,302 crore compared with Rs 1,113 crore in the previous fiscal, registering an increase of 107%.
The exchange attributed the strong performance to rising participation across bullion, metals and energy segments, expansion in product offerings and growth in both futures and options trading.
Bullion and energy emerge as key growth drivers
MCX said bullion and energy remained the key pillars of growth during FY26, while the metals segment also delivered healthy traction.
The exchange reported year-on-year Average Daily Turnover (ADT) growth in the futures and options segment of 496% in bullion, 116% in metals and 29% in energy.
Revenue from futures trading rose 136% to Rs 693 crore, while options revenue increased 109% to Rs 1,398 crore during the year.
New products and rising participation boost volumes
During FY26, MCX expanded its product portfolio with the launch of Electricity Futures, BULLDEX Options, Cardamom Futures, Nickel Futures, Gold Ten Futures, Gold Monthly Options and Silver Monthly Options.
The exchange also witnessed strong growth in market participation, with traded clients increasing to 20.90 lakh in FY26 from 13 lakh in FY25. The company also recorded healthy onboarding of new members, financial institutions and corporate participants.
Delivery-driven contracts remained robust with Gold deliveries at 21 metric tonnes, Silver at 401 metric tonnes and Base Metals at 95,781 metric tonnes.
Focus on technology and cyber resilience
MCX said it continued to strengthen its technology infrastructure and cyber resilience capabilities to handle rising trading volumes and market volatility.
The company noted that its systems successfully managed sharp spikes in trading activity driven by macroeconomic developments, while maintaining operational stability, surveillance, compliance and risk management standards.
Focus on sustainable growth
“ Our operating revenue more than doubled, growing by 113% YoY, reflecting our focused strategy, strong execution, increased participation across all segments, new members and new products. Going forward, our focus remains on sustainable growth, diversification of participation and products, further strengthening technology and risk frameworks, and continued enhancement of shareholder value,” said MCX, Managing Director & CEO, Praveena Rai.