MCX Declares Rs 30 Dividend: FY25 Saw Record High Income of Rs. 1208.86 Cr & 46% PAT Margin; Buy The Stock?

With a market share of almost 98% of the value of commodity futures contracts traded in the fiscal year 2024-2025, the Multi Commodity Exchange of India (MCX), which has been in operation since 2023, is the country's top commodity derivatives exchange. MCX is an innovative platform for the Indian commodity market environment, with a presence throughout the country. Even though MCX announced a substantial dividend of Rs 30 and reported Q4 results with MCX YoY'25 revenue from operations up over 63%, the company's shares closed Friday 5.45% down at Rs 5672.30 per share with a market valuation of Rs 28,927.80.

MCX Dividend

The Board of Directors "recommended a final dividend of Rs 30/- per equity share (face value of Rs.10/- each) for the Financial Year ended March 31, 2025. This proposal is subject to approval of shareholders at the ensuing 23rd Annual General Meeting of the Company," said the company in a stock exchange filing.

"The date of 23rd Annual General Meeting, the record date to determine the eligibility of shareholders for payment of dividend and the date of payment/dispatch of dividend shall be intimated subsequently," MCX informed stock exchanges.

MCX Q4 & FY25 Results

In the quarter that ended on March 31, 2025, MCX's total income climbed by almost 61% to Rs. 320.49 crore from Rs. 199.45 crore in the year-ago quarter. Operating income for the three-month period was Rs. 291.33 crore, up around 61% from Rs. 181.14 crore for the same quarter the previous year. EBITDA for the current quarter was Rs 189 crore, a substantial rise from Rs 120.33 crore for the same period the previous year. EBITDA margin was around 59% and PAT margin was approximately 42% for the quarter that concluded on March 31, 2025.

The net profit for the quarter was Rs. 135.46 crore, up 53% YoY from Rs. 87.87 crore in the same period previous year. In FY25, MCX's total sales climbed by Rs. 450 crore to Rs. 1208.86 crore, representing a YoY growth of almost 59%. EBITDA increased by 445% to Rs. 761.51 crore for the fiscal year from Rs. 139.70 crore the year before. In FY25, net profit increased by 574 percent to Rs. 560.04 crore from Rs. 83.11 crore the year before.
In comparison to the previous year's ADT of Rs. 1,08,880 crore, the ADT of futures and options increased by 101% to Rs. 2,19,063 crore for the 12 months ended March 31, 2025.

MCX Share Price Target

"MCX is showing strong momentum with a steep uptrend and breakout continuation. Support is at ₹5550 and resistance near ₹5800. A breakout above ₹5800 can open targets toward ₹6000-6100. RSI is near 68-70, indicating strong bullish pressure but nearing overbought. The stock remains positive, and short dips are being bought. Trend remains intact above ₹5550," commented Riyank Arora - Technical Analyst - Mehta Equities Limited.

Disclaimer

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