MCX FALL 5% DESPITE QUARTER PROFIT TO ₹455 CRORE

Shares of Multi Commodity Exchange of India declined nearly 5% on November 4 after the company’s September quarter results for FY27 fell short of brokerage estimates, despite reporting a more than two-fold year-on-year increase in consolidated net profit. The company posted a consolidated net profit of ₹455 crore for the September quarter, supported by a sharp increase in income and trading volumes. MCX’s total income surged to ₹799.66 crore, compared with ₹374.23 crore in the corresponding quarter of the previous year. Meanwhile, total expenses increased to ₹211.36 crore from ₹150.41 crore. On the trading front, the Average Daily Turnover (ADT) of futures rose to ₹62,819 crore during the quarter, while options ADT stood at ₹12,00,129 crore. The exchange also recorded physical deliveries of 5.68 tonnes of gold, 199.91 tonnes of silver and 34,707 tonnes of base metals during the quarter. Commenting on the performance, MCX Managing Director and CEO Praveena Rai said the strong Q2FY27 results reflected continued trust from market participants and the growing relevance of the exchange in the evolving commodity ecosystem. She attributed the growth to sustained performance across product segments, increased market participation and ongoing efforts to expand the exchange’s product portfolio. Looking ahead, Rai said the company will focus on increasing market participation, broadening its product offerings and investing in technology and innovation to build on its strong performance.