MCXMulti Commodity Exchange Of India Ltd.
Multi Commodity Exchange Of India Q2 FY27 Results: Consolidated Net Profit ₹455 Crore on Total Income of ₹851 Crore
- Earnings
- Commodity exchange
Reviewed byRachit TripathiBlacklitt Research
Multi Commodity Exchange Of India (NSE: MCX) reported consolidated total income of ₹851.28 crore and net profit of ₹454.57 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹816.41 crore and standalone net profit ₹405.35 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹851.28 crore, up 112.4% YoY and 13.2% QoQ
- Net profit and EPS: ₹454.57 crore, up 130.2% YoY; basic EPS ₹17.83
- Profit before tax: ₹639.24 crore, up 156.8% YoY and 22.2% QoQ
- Other income: ₹51.62 crore, 6.1% of total income
Standalone
The company on its own, without its subsidiaries
- Total income: ₹816.41 crore, up 115.4% YoY and 13.9% QoQ
- Net profit and EPS: ₹405.35 crore, up 159.1% YoY; basic EPS ₹15.90
- Profit before tax: ₹543.03 crore, up 161.3% YoY and 24.3% QoQ
- Other income: ₹50.80 crore, 6.2% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 851.28 | 400.79 | +112.4% | 751.79 | +13.2% | |
| Revenue from operations | 799.66 | 374.23 | +113.7% | 702.00 | +13.9% |
| Other income | 51.62 | 26.56 | +94.4% | 49.79 | +3.7% |
| 454.57 | 197.47 | +130.2% | 413.44 | +9.9% | |
| Profit before tax | 639.24 | 248.88 | +156.8% | 523.13 | +22.2% |
| Finance costs | 0.41 | 0.06 | +583.3% | 0.16 | +156.2% |
| Depreciation | 22.53 | 19.75 | +14.1% | 20.70 | +8.8% |
| Tax expense | 184.67 | 51.41 | +259.2% | 109.69 | +68.4% |
| Net profit margin | 53.40% | 49.27% | +4.13 pp | 54.99% | -1.60 pp |
| EPS, basic (₹) | 17.83 | 7.74 | +130.4% | 16.21 | +10.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The company's business falls in a single segment, Commodity Exchange. The Core Settlement Guarantee Fund balance stood at ₹1,472.16 crore on 30 Sep 2026, of which ₹349.83 crore is penalties and interest. The filing says that under a SEBI circular dated 12 Aug 2026 the Group is not required to contribute during the quarter because the core balance is being maintained.
During the quarter the Holding Company infused an additional ₹51.50 crore in its wholly owned subsidiary MCX Coal Exchange of India Limited, taking total capital infused to ₹52.50 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 816.41 | 378.99 | +115.4% | 716.81 | +13.9% | |
| Revenue from operations | 765.61 | 351.61 | +117.7% | 666.59 | +14.9% |
| Other income | 50.80 | 27.38 | +85.5% | 50.22 | +1.2% |
| 405.35 | 156.43 | +159.1% | 327.32 | +23.8% | |
| Profit before tax | 543.03 | 207.81 | +161.3% | 437.01 | +24.3% |
| Finance costs | 0.17 | 0.04 | +325.0% | 0.14 | +21.4% |
| Depreciation | 21.77 | 18.29 | +19.0% | 20.00 | +8.8% |
| Tax expense | 137.68 | 51.38 | +168.0% | 109.69 | +25.5% |
| Net profit margin | 49.65% | 41.28% | +8.37 pp | 45.66% | +3.99 pp |
| EPS, basic (₹) | 15.90 | 6.13 | +159.4% | 12.84 | +23.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 159.1% YoY, faster than total income at 115.4%, and 23.8% QoQ, faster than the 13.9% rise in total income. Tax expense of ₹137.68 crore was 25.4% of profit before tax of ₹543.03 crore, against 24.7% a year earlier.
Standalone other income of ₹50.80 crore is 9.4% of profit before tax. Finance costs were ₹0.17 crore, against ₹0.04 crore a year earlier.
Standalone net profit of ₹405.35 crore is ₹49.22 crore below consolidated net profit of ₹454.57 crore. The consolidated and standalone profit growth rates differ: consolidated profit rose 130.2% YoY against 159.1% standalone.
Inference
The filing reports dividend payments of ₹203.99 crore in the half year ended 30 Sep 2026. The notes give no amount or timing for a dividend declared on these results, and the filing does not say why income and profit rose against the year-earlier quarter.
The company's latest quarter in its own data, Q1 FY27, reported consolidated net profit of ₹413.44 crore, the same figure as the comparative in this filing.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
