MCX’s First Stock Split and Q1 FY26 Performance

Multi Commodity Exchange of India (MCX) announced its first-ever stock split in a 1:5 ratio, reducing the face value from ₹10 to ₹2 per share to enhance affordability and broaden retail investor access. The move comes alongside strong Q1 FY26 results. Revenue rose 28.1% QoQ to ₹373.21 crore (vs. Bloomberg estimate of ₹389.13 crore), net profit surged 50% to ₹203.19 crore (estimate: ₹200.57 crore), and EBITDA jumped 51% to ₹241.66 crore (estimate: ₹267.73 crore). Margin improved to 64.8% from 55%, reflecting strong operational efficiency. The company continues to strengthen its position as a leading commodity exchange, with robust growth driven by increased trading volumes and diversified product offerings. The stock split, pending regulatory and shareholder approvals, signals confidence in long-term growth and inclusivity.