Alongside the robust earnings, the exchange’s board approved a 1:5 stock split to make the stock more affordable and accessible to retail investors.
The proposed split will reduce the face value of MCX shares from Rs 10 to Rs 2 each, subject to shareholder and regulatory approvals.
The primary objective of a stock split is to make shares more affordable and liquid, especially for retail investors. When a company’s stock price becomes too high, it may discourage small investors from buying in.
By reducing the per-share price through a split, companies aim to increase participation, broaden the shareholder base, and improve trading volumes.
Profit after tax in the first quarter rose 83% year-on-year to Rs 203.19 crore, while EBITDA stood at Rs 274.27 crore.The exchange’s average daily turnover surged 80% year-on-year to Rs 3.1 lakh crore, driven by higher participation from institutional and MSME hedgers and a broader product offering.MCX MD and CEO Praveena Rai said the exchange began FY26 on a “positive note,” adding that new products like Electricity Futures and expanded bullion and agri contracts had broadened the risk management landscape.
MCX emerged as the world’s largest commodity options exchange in 2024 and ranked sixth globally among commodity exchanges, up from seventh place in 2023, according to FIA data.
Shares of MCX closed 1.2% lower on Friday.
