Synopsis:
Shares gained focus after the board scheduled a meeting to consider a stock split. The exchange also launched Cardamom Futures to support farmers. Strong revenue and profit growth, along with product expansion and bullish management outlook, reinforce positive investor sentiment.
The shares of a prominent commodity derivatives exchange gained up to 2 percent in today’s trading session after the company’s board scheduled a meeting to consider and approve a stock split.
With a market capitalization of Rs 39,727.73 crore, the shares of Multi Commodity Exchange of India Ltd were trading at Rs 7,839.15 per share, decreasing around 0.63 percent as compared to the previous closing price of Rs 7,839.15 apiece.
According to the company filing, Multi Commodity Exchange of India Ltd’s board of directors scheduled a meeting on August 1, 2025, to consider a proposal for splitting the existing equity shares (stock split) having a face value of Rs. 10 each.
Additionally, MCX announces the launch of Cardamom Futures Contracts effective July 29, 2025. This significant step is aimed at improving price discovery, ensuring better price risk management, and strengthening the spice trading ecosystem, especially for small and medium-scale farmers in South India and traders across India.
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Looking forward to the company’s financial performance, revenue increased by 61 percent from Rs 181 crore in Q4FY24 to Rs 291 crore in Q4FY25. Further, during the same time frame, net profit increased by 53 percent from Rs 88 crore to Rs 135 crore.
In Q4FY25, revenue was led by Options at ₹179 crore and Futures at ₹75 crore. While bullion options now form 25% of notional volume, they contribute just 9% to premiums due to gold’s lower volatility. Management dismissed concerns of cannibalization between gold and crude, citing healthy growth in volumes and premiums across all product segments.
Management remains highly optimistic, highlighting MCX’s strong growth, global leadership in commodity options, and expanding participant base. Focus areas include tech upgrades, product expansion, and tapping India’s macro tailwinds. While regulatory approvals for new products remain a key hurdle, no major concerns were flagged regarding competition or operations, reflecting confidence in sustaining future momentum.
Multi Commodity Exchange of India Limited facilitates online trading of commodity futures and options, data feed subscription, and membership. It offers a platform for trading in varied commodity derivative contracts across product segments: bullion, industrial metals, energy, agricultural commodities, and indices.
Written by Abhishek Singh
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