Investor Presentation for quarter and nine months ended December 31, 2025.
MCX · price
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Awaiting price reaction for this filing.
MCX reported exceptional Q3 FY26 results with consolidated total income of ₹697 Cr, up 115% year-on-year, and profit after tax of ₹401 Cr, up 151% year-on-year. EBITDA margin expanded sharply to 76% from 67% in the same quarter last year, driven by operating leverage on surging trading volumes. Options Average Daily Turnover (ADT) more than tripled to ₹6,65,665 Cr (+227% YoY), while Futures ADT tripled to ₹84,471 Cr (+202% YoY). Bullion alone accounted for 78% of futures turnover, with bullion ADT soaring 794% YoY in Q3. For 9M FY26, total income rose 69% to ₹1,504 Cr and PAT grew 89% to ₹802 Cr, with EPS at ₹31.45 versus ₹16.65 a year ago. MCX continues to command over 99% market share in bullion, base metals and energy, with 580 members, 32,716 authorized participants and 4.03 crore unique client codes as of December 2025.
Strong volume growth and margin expansion are likely to be viewed very positively by investors, reinforcing MCX's dominant position in Indian commodity derivatives. The sharp rise in EPS and book value per share (₹82 vs ₹62) supports a constructive outlook for the stock, though heavy dependence on bullion (78% of futures turnover) remains a concentration risk worth monitoring.