MCX Q2 FY27: Profit +130% YoY to ₹454 Cr, Revenue Doubles

📊 Commodity derivatives volumes are showing up in the numbers — MCX just reported a strong Q2 FY27 (quarter ended 30 Sep 2026). Here is what the numbers say: ✅ Consolidated PAT: ₹454.57 Cr vs ₹197.47 Cr in Q2 FY26 (about +130% YoY) ✅ Revenue from operations: ₹799.66 Cr vs ₹374.23 Cr (more than 2x YoY) ✅ Sequential growth: PAT up ~10% QoQ from ₹413.44 Cr in Q1 FY27; H1 FY27 PAT at ₹868 Cr ✅ Basic EPS: ₹17.83 vs ₹7.74 a year ago ✅ Net profit margin near 57% — an exchange is an operating-leverage business, so extra volumes flow largely to profit ✅ New initiative: ₹51.5 Cr invested this quarter in MCX Coal Exchange of India subsidiary What to track next: 🔍 Can volumes in gold, silver and crude options sustain if commodity volatility cools? 🔍 Any regulatory change in F&O rules or transaction charges 🔍 Progress of the coal exchange and new products Exchanges earn from activity, not from price direction — that is the key business-model lesson here. 💬 Your view: is MCX's growth driven more by structural participation or by this year's commodity volatility? Share in the comments. 📲 For daily market notes, search "Neha Gupta SEBI RA" on Telegram and join the FREE channel. Neha Gupta | SEBI Registered Research Analyst | Reg. No. INH000016542 ⚠️ Disclaimer: This content is for educational purposes only and is not investment advice or a buy/sell recommendation. Investments in the securities market are subject to market risks. Read all related documents carefully before investing.