MCX Q4 FY26 Results: PAT Jumps 291%, Revenue Surges 205% — Best Quarter in Exchange History
By Kaushik Brahmakshatriya
Published on 29 May 2026.
MCX Q4 FY26 Results
India’s leading commodity derivatives exchange, Multi Commodity Exchange of India Ltd. (MCX), delivered a landmark performance in Q4 FY26 (January–March 2026). The company reported extraordinary growth across all key financial parameters — profit, revenue, margins, and trading volumes — reinforcing its dominant position in India’s commodity markets.
MCX Q4 FY26 — Quarterly Financial Highlights
MCX’s consolidated revenue from operations for Q4 FY26 stood at ₹889 crore, registering a sharp growth of 205% compared to ₹291 crore in Q4 FY25. Total income came in at ₹925 crore, up 189% year-on-year. EBITDA for the quarter surged 271% to ₹703 crore from ₹189 crore in the same quarter last year, while EBITDA margin expanded to 76% from 59% in Q4 FY25.
Profit before Tax rose 305% year-on-year to ₹682 crore. Profit after tax jumped 291% to ₹530 crore in Q4 FY26 against ₹135 crore in Q4 FY25, with PAT margin standing at 57%.
MCX Q4 FY26 vs Q4 FY25 — Key Financial Metrics
| Financial Metric | Q4 FY26 | Q4 FY25 | YoY Growth |
| Revenue from Operations | ₹889 Crore | ₹291 Crore | +205% |
| Total Income | ₹925 Crore | ₹320 Crore | +189% |
| EBITDA | ₹703 Crore | ₹189 Crore | +271% |
| EBITDA Margin | 76% | 59% | +17 pts |
| Profit Before Tax | ₹682 Crore | ₹169 Crore | +305% |
| Profit After Tax (PAT) | ₹530 Crore | ₹135 Crore | +291% |
| PAT Margin | 57% | ~46% | — |
MCX Full Year FY26 — Annual Performance Review
The full-year FY26 numbers paint an even more impressive picture of MCX’s transformation. For the complete financial year FY26, MCX posted revenue from operations of ₹2,302 crore, up 107% from ₹1,113 crore in FY25. Total income climbed 101% to ₹2,429 crore. The company’s EBITDA for FY26 rose 133% year-on-year to ₹1,774 crore, while EBITDA margin improved to 73% from 63% in FY25. Profit before tax increased 142% to ₹1,690 crore, while net profit more than doubled by 138% to ₹1,332 crore from ₹560 crore in FY25.
MCX Full Year FY26 vs FY25 — Annual Financial Comparison
| Annual Metric | FY26 | FY25 | YoY Growth |
| Revenue from Operations | ₹2,302 Crore | ₹1,113 Crore | +107% |
| Total Income | ₹2,429 Crore | ₹1,208 Crore | +101% |
| EBITDA | ₹1,774 Crore | ₹761 Crore | +133% |
| EBITDA Margin | 73% | 63% | +10 pts |
| Profit Before Tax | ₹1,690 Crore | ₹698 Crore | +142% |
| Net Profit (PAT) | ₹1,332 Crore | ₹560 Crore | +138% |
Trading Volumes and Market Participation
MCX’s explosive financial growth was directly driven by a massive expansion in commodity derivatives trading activity across India. Average daily turnover (ADT) for FY26 stood at ₹5.4 lakh crore, marking a growth of 145% year-on-year. Participation on the platform increased significantly, with traded clients rising to 20.90 lakh in FY26 from 13 lakh in FY25.
Year-on-year ADT growth in futures and options stood at 496% for bullion, 116% for metals and 29% for energy. Delivery-driven contracts remained robust, with Gold at 21 metric tonnes, Silver at 401 metric tonnes and Base Metals at 95,781 metric tonnes.
MCX Segment-Wise ADT Growth — FY26
| Commodity Segment | ADT Growth (YoY) | Key Observation |
| Bullion (Gold & Silver) | +496% | Highest growth driver |
| Base Metals | +116% | Strong industrial demand |
| Energy | +29% | Steady upward trend |
| Overall ADT (FY26) | +145% | ₹5.4 Lakh Crore ADT |
| Traded Clients | +60.7% | 20.90 Lakh vs 13 Lakh |
Dividend Declared and Global Ranking
The Board of Directors recommended a final dividend of ₹8 per share with a face value of ₹2 per share, subject to shareholders’ approval at the upcoming AGM. MCX said it ranked as the world’s largest commodity options exchange and the fourth-largest commodity exchange globally by number of contracts, according to FIA data for 2025.
The exchange also launched several new products during FY26, including Electricity Futures, BULLDEX Options, Cardamom Futures, Nickel Futures, Gold Ten Futures, Gold Monthly Options and Silver Monthly Options.
Management Commentary
MCX MD & CEO Praveena Rai stated that operating revenue more than doubled, growing 113% YoY, reflecting a focused strategy, strong execution, increased participation across all segments, new members and new products. She also mentioned that MCX initiated a focused drive — “Price in India: Hedge in India” — to promote and deepen hedging participation in India.
Q&A Section — People Also Ask (PAA)
Q1. What was MCX’s net profit in Q4 FY26?
MCX reported a net profit (PAT) of ₹530 crore in Q4 FY26, a jump of 291% compared to ₹135 crore in Q4 FY25. This is the highest quarterly profit in the company’s history.
Q2. How much revenue did MCX earn in Q4 FY26?
MCX’s revenue from operations in Q4 FY26 was ₹889 crore, up 205% year-on-year from ₹291 crore in the same quarter of the previous year.
Q3. Did MCX announce a dividend for FY26?
Yes. MCX’s Board recommended a final dividend of ₹8 per equity share (face value ₹2) for FY26, subject to shareholder approval at the upcoming Annual General Meeting.
Q4. What is MCX’s global ranking among commodity exchanges?
As per FIA data for 2025, MCX is the world’s largest commodity options exchange and ranks fourth globally in terms of the number of contracts traded.
Q5. What drove MCX’s massive revenue growth in FY26?
The primary drivers were a surge in commodity derivatives trading volumes — especially in bullion (496% ADT growth), a rise in traded clients to 20.90 lakh, global macroeconomic volatility pushing demand for hedging, and new product launches including Electricity Futures and Gold Monthly Options.
Q6. What is MCX’s EBITDA margin for Q4 FY26?
MCX’s EBITDA margin for Q4 FY26 stood at 76%, compared to 59% in Q4 FY25 — reflecting the exchange’s highly scalable and asset-light business model.
Conclusion
MCX’s Q4 FY26 results mark a defining chapter in the exchange’s growth story. With PAT up 291%, revenue tripling, margins expanding, and client participation crossing 20 lakh, MCX has clearly moved into a high-growth orbit. The company’s leadership in India’s commodity derivatives space — backed by new product launches and a widening hedging ecosystem — positions it well for sustained performance in FY27.
Disclaimer
This blog does not provide financial, investment, trading advice. All content is for educational and informational purposes only. Please consult a certified financial advisor before making any investment decisions. The author will not be responsible for any financial losses incurred
