MCX

rack Financial Performance & Key MetricsWhile the company posted massive year-on-year (YoY) growth

Track Financial Performance & Key MetricsWhile the company posted massive year-on-year (YoY) growth, a quarter-on-quarter (QoQ) dip in volumes led to sequential margin ***** Net Profit: Reached ₹413.4 crore, surging 103.5% YoY from ₹203.2 crore, but declining 22% QoQ from ₹530 ***** Revenue: Logged at ₹702 crore, rising 88.1% YoY from ₹373.2 crore, but dropping 21% QoQ from ₹889 ***** Margin: Slid to 70.4% from the record peak of 74.9% seen in Q4 FY26 due to normalizing trade ***** & Limits: The stock currently trades at a trailing P/E ratio of 50.46 with a 52-week range of ₹1,460.80 – ₹3,***** Key Structural DriversBullion Dominance: Precious metals remain MCX’s strongest core engine. Gold and silver account for a combined 77% of total futures ***** Normalization: The market correction reflects an expected cooling from the unsustainably high trading velocity witnessed during the final quarter of ***** Headwinds: Growth momentum faces potential pressure from the National Stock Exchange (NSE) ramping up its commodity derivatives product suite (including gold futures and crude oil contracts) ahead of its own proposed public listing.