MCX LTD. Results Analysis-Q1FY27

Financial performance and key Operating Metrics (Consolidated) : Operating Revenue for Q1FY27 is Rs. 702 Crs., 88.1% growth YoY, Total Income is Rs. 752 Crs., 85.25% growth YoY, EBITDA is Rs. 494 Crs., 10.441% growth YoY, EBITDA Margin is 70.37% improved by 562 basis points YoY, PBT Rs. 523 Crs., 104% growth YoY, PAT Rs. 413 Crs. 103.47% growth YoY. On QoQ basis Operating Revenue is down by 21.03%, Total Income is down by 18.75%, EBITDA is down by 25.84%, PBT is also down by 23.27% and PAT is also down by 21.96%. Q1 followed an exceptionally strong fourth quarter… There has been a consolidation of performance in Q1.” Core activity metrics remained strong: • Overall ADT: INR 10.5 lakh cr • Futures ADT: +47% YoY • Notional Options ADT: +266% YoY Traded client base doubled YoY to 13.72 lakh clients (management: “highlights the increasing acceptance of commodity derivatives” for hedging and investment). MCX incorporated “MCX Coal Exchange of India”; “other procedural items are in play towards the next steps.” xpands into new commodity segments and aligns with government market reforms. “growth momentum at the fundamental level to continue to be good,” with FY27 remaining strong even though Q4 FY26 was “very, very strong” due to macro/geopolitical factors.