MCX share price slumped 7% on Wednesday, 4 November, despite the exchange reporting a more than two-fold jump in consolidated net profit for the September quarter of FY27. The sharp decline came even as the commodity exchange posted robust growth in income and trading volumes. Technical analysts attributed the decline to profit booking following the recent rally.
Multi Commodity Exchange of India (MCX) reported a consolidated net profit of ₹455 crore for Q2 FY27, compared with ₹197.47 crore in the corresponding quarter last year, according to its regulatory filing.
The exchange's total income surged to ₹799.66 crore during the quarter, up from ₹374.23 crore a year earlier. However, its expenses also increased to ₹211.36 crore from ₹150.41 crore in the year-ago period.
MCX continued to witness strong trading activity during the quarter. The average daily turnover (ADT) of futures rose to ₹62,819 crore, while the ADT of options stood at ₹12,00,129 crore.
In terms of physical deliveries, the exchange recorded 5.68 tonnes of gold, 199.91 tonnes of silver and 34,707 tonnes of base metals during the quarter.