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MCX
SectorFinancial Services
In the news
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The Quarter story
The two most recent quarterly results, compared side-by-side.
MCX drives strong derivatives growth and profitability, though a major share capital increase diluted EPS and pressured stock valuations.
Options notional turnover grew from ₹270,228 in Q1 FY26 to ₹989,691 in Q1 FY27, highlighting robust derivatives adoption.
Earnings per share fell from ₹39.84 in Q1 FY26 to ₹12.84 in Q1 FY27, reflecting dilution from a major share capital increase.
Energy average daily turnover climbed from ₹171,195 in Q1 FY26 to ₹313,088 in Q1 FY27, driven by strong commodity trading.
Stock 52-week high dropped from ₹9,075 in Q1 FY26 to ₹3,480 in Q1 FY27, signaling a sharp valuation reset.
Bullion average daily turnover surged from ₹136,582 in Q1 FY26 to ₹7,19,959 in Q1 FY27, reflecting safe-haven demand.
Authorised persons declined from 32,417 in Q1 FY26 to 29,474 in Q1 FY27, showing distributor attrition.
Exchange members increased from 552 in Q1 FY26 to 597 in Q1 FY27, demonstrating steady ecosystem expansion.
Index average daily turnover fell from ₹4 in Q1 FY26 to ₹0.30 in Q1 FY27, indicating negligible trading activity.
Foreign portfolio investor stake rose from 21.67% in Q1 FY26 to 29.84% in Q1 FY27, showing strong foreign inflows.
Major shareholder stake declined from 54.95% in Q1 FY26 to 46.03% in Q1 FY27, reflecting broad institutional selling.
Company insights, generated from the most recent coverage.
MCX options contracts traded were 4.3x YoY in August — participation is broadening beyond bullion cyclical flows into a structurally deeper options base.
While equity derivatives collapsed under CAS in August, MCX options ADTO rose 15% MoM and futures ADTO 32%. Bullion option premiums jumped 88% MoM to 38% of options premium ADTO — commodities decouple MCX from equity F&O regulation risk.
MCX trades until 11:30-11:55 PM versus equity exchange hours, letting participants react live to US/European price moves — extended sessions are a structural volume advantage NSE and BSE cannot match.