MCX Share Price Spikes On Strong Q1 Results With Profit Up 50%

Multi Commodity Exchange of India Ltd.'s share price spiked 5.65% on Monday after the company posted first-quarter results for the financial year 2026.

The company's revenue was up 28% at Rs 373.21 crore. Morgan Stanley noted that the results were largely in line with expectations.

MCX is India's largest and first commodity derivatives exchange. The exchange is involved in facilitating online trading of commodity derivatives, providing a platform for price discovery and risk management. 

The stock has gained 27.67% in the past three months and it is up over 36% in the past six months.

MCX Q1 Results Highlights YoY

• Revenue up 28.1% to Rs 373.21 crore versus Rs 291.33 crore

• Net profit up 50% to Rs 203.19 crore versus Rs 135.46 crore

• Ebitda up 51% to Rs 241.66 crore versus Rs 160.19 crore

• Margin at 64.8% versus 55%

The scrip rose as much as 5.65% to Rs 8,027 apiece. It pared gains to trade 5.24% higher at Rs 7,993 apiece, as of 10:40 a.m. This compares to a 0.33% advance in the NSE Nifty 50 Index.

It has risen 90.37% in the last 12 months. Total traded volume so far in the day stood at 3 times its 30-day average. The relative strength index was at 49.

Out of 10 analysts tracking the company, seven maintain a 'buy' rating, two recommend a 'hold,' and one suggests 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 0.6%.