Multi Commodity Exchange of India’s (MCX) share opened in red, declining 1.27% from the previous close. However, the stock gained over 1% in afternoon trade. The stock movement came after the company reported its Q2FY26 results on November 6.
Q2 profit rises 29%, revenue up 31%
MCX reported a 28.54% year-on-year (YoY) jump in its consolidated net profit to Rs 197.47 crore in Q2FY26, compared with Rs 153.62 crore in Q2FY25.
Revenue rose 31.04% to Rs 374.23 crore in Q2FY26, from Rs 285.58 crore in the corresponding quarter last year.
On sequential basis MCX reported flat revenue growth from Rs 373.21 crore in Q1FY26 and a decline of 2.82% in net profit from Rs 203.19 in the previous quarter.
Technical glitch addressed, says MCX
Recently the exchange had faced a technical issue on October 28 faced delay in commencement of trading, but has identified the root cause and taken steps to address the constraints to prevent recurrence.
“The Company has taken steps to address the constraints to prevent similar issues in the future. The trading systems have not had issues. Exchange systems are well positioned to support market volumes and growth,” the company said in its Q2 release.
MCX operates only in one segment — Commodity Exchange. Its total assets stood at Rs 2,643.3 crore as on Sept 30.
Speaking on the company’s performance, Commenting on the financial results, Praveena Rai, Managing Director & CEO, MCX said, “Our continued growth across product segments and strong participation reflect the confidence that market participants have in MCX’s transparent market ecosystem. We remain committed to expanding our product offerings and deepening market penetration, further strengthening our role as the preferred destination for commodity derivatives trading in India.”