Mumbai, January 30, 2026: Multi Commodity Exchange of India Limited reported a sharp jump in profitability for the December quarter, supported by a strong rise in income from operations and operating leverage across cost lines.
Financial Performance Highlights
For the quarter ended December 31, 2025, the exchange posted a consolidated net profit of ₹401.12 crore, marking a 151 percent sequential increase from ₹197.47 crore in the September quarter. On a year-on-year basis, profit rose 151 percent from ₹160.04 crore recorded in the corresponding quarter last year.Consolidated income from operations surged to ₹665.62 crore in Q3 FY26 compared with ₹374.23 crore in Q2 FY26 and ₹301.38 crore in Q3 FY25, reflecting a sharp pick-up in trading volumes and participant activity.
Total income for the quarter stood at ₹697.11 crore, up 74 percent quarter-on-quarter and 115 percent year-on-year.
Consolidated Performance Snapshot
| Particulars | Q3 FY26 | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Income from operations (₹ crore) | 665.62 | 374.23 | 301.38 |
| Total income (₹ crore) | 697.11 | 400.79 | 324.36 |
| Profit before tax (₹ crore) | 503.25 | 248.88 | 201.87 |
| Net profit after tax (₹ crore) | 401.12 | 197.47 | 160.04 |
| EPS (₹) | 15.73 | 7.74 | 6.28 |
Nine-Month Performance
For the nine months ended December 31, 2025, consolidated net profit stood at ₹801.78 crore, nearly doubling from ₹424.58 crore reported in the same period last year. Income from operations during the nine-month period rose to ₹1,413.06 crore from ₹821.33 crore a year earlier.Standalone Results
On a standalone basis, the exchange reported a net profit of ₹307.10 crore for the December quarter, up from ₹156.43 crore in the previous quarter and ₹122.20 crore in the year-ago period. Standalone income from operations increased to ₹624.12 crore from ₹351.61 crore sequentially.Standalone Q3 Snapshot
| Particulars | Q3 FY26 | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Income from operations (₹ crore) | 624.12 | 351.61 | 277.58 |
| Net profit after tax (₹ crore) | 307.10 | 156.43 | 122.20 |
| EPS (₹) | 12.04 | 6.13 | 4.79 |
Cost Trends and Margins
Employee benefit expenses remained broadly stable on a sequential basis, while technology and related expenses increased in line with higher activity levels. Despite higher contributions linked to market operations, operating leverage drove a sharp expansion in margins, with consolidated profit before tax reaching ₹503.25 crore in the quarter.Source:
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