Multi Commodity Exchange of India reported a sharp rise in profit and revenue for the September quarter of financial year 2026-27. Net profit more than doubled to ₹454.57 crore, while revenue surged to ₹799.66 crore. Additionally, the company invested ₹51.5 crore in its coal exchange subsidiary during the quarter ended September 30.
Multi Commodity Exchange of India (MCX) reported a sharp rise in profit and revenue for the September quarter of financial year 2026-27 (Q2FY27), with earnings more than doubling from a year earlier.
Net profit rose to ₹454.57 crore from ₹197.47 crore in the corresponding quarter of the previous financial year.
Revenue increased to ₹799.66 crore from ₹374.23 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed to ₹611.24 crore from ₹243.63 crore.
The EBITDA margin — the share of revenue converted into operating earnings — expanded to 76.4% from 65.1% in the year-earlier quarter.
MCX invests ₹51.5 crore in coal exchange subsidiary
Separately, MCX invested an additional ₹51.50 crore in its wholly owned subsidiary, MCX Coal Exchange of India Ltd, during the quarter ended September 30, 2026.
The investment took the total capital infused into the subsidiary to ₹52.50 crore as of September 30. The amount represents 5.25 crore shares with a face value of ₹10 each.
SBI Securities sees 14% upside in MCX
In a separate note, SBI Securities set a price target of ₹3,633 for MCX for Samvat 2083, implying an upside of 14% from current levels.
The brokerage described MCX as a direct play on global commodity-price volatility. It expects average daily traded (ADT) momentum to remain healthy, supported by volatility across commodities — particularly energy and bullion — and greater market participation.
MCX shares rose 7.42% to close at ₹3,490.10 on Tuesday, November 3, gaining ₹241.10 ahead of the earnings announcement.