MCX Share Price Surges 7.4% to 52-Week High on June 9 After SEBI Approves Electricity Derivatives

Shares of Multi Commodity Exchange of India, or MCX, went up by about 7% on Monday, June 9, reaching a new high. This rally in the MCX shares came after the commodity bourse got approval from the Securities and Exchange Board of India (SEBI) to start trading electricity derivative contracts.

"The electricity derivatives contracts to be introduced by MCX will enable generators, distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively by enhancing efficiency in the power market." MXC said in an exchange filing.

IEX is the biggest player in India's electricity spot market, and MCX will use its price data for the new contracts. MCX plans to share up to 10% of its transaction fees with IEX as per a CNBC report.

MCX Share Price Today

On June 9th, MCX share price touched a new 52-week high of Rs 7,971 after rising 7.4% intraday. As of 1:00 PM, MCX shares are trading at Rs. 7865.50, up by 6.03%. Over the last five days, the stock has risen 16% and 38% in the last 30 days. In the 1 year prior, MCX shares have jumped 115%, becoming a multibagger stock.

IEX Share Price Today

Indian Energy Exchange shares Jumped 6.5% intraday from the previous close of Rs 202.13. Currently, IEX shares are trading at Rs. 209.10 as of 1 PM. The stock is up 16% so far this year.

MCX Q4 Q4FY25 Results 2025

Multi Commodity Exchange of India (MCX) reported March 2025 quarter Q4 FY25 results on May 8th, where the company posted a net profit of Rs. 135 crore, a sharp 54% jump from Rs. 88 crore in Q4 FY24. The company's revenue from operations surged 61% year-on-year to Rs 291 crore, while total income stood at Rs 320.49 crore, including Rs 29 crore from other income. MCX's EBITDA rose 57% to Rs. 189.35 crore, with an impressive EBITDA margin of 59% and a PAT margin of 42%.

For the full financial year FY25, MCX reported total income of Rs. 1,208.86 crore, marking a 59% YoY growth, while EBITDA soared 445% to Rs. 761.51 crore. The exchange also recorded a massive 574% increase in net profit, reaching Rs. 560.04 crore compared to Rs. 83.11 crore in FY24.

ICICI Securities, in its brokerage note said that, "the quarterly results were stable with healthy growth in the options and futures average daily turnover. Going ahead, the growth will depend upon the new product launch and expansion in premium from the existing products. At a CMP of Rs 6,017, the stock is trading at a P/E multiple of 51x/41x of FY25E/FY26E. The fair value of the company in the near term stands in the Rs 6,500-6,600 range."

About MCX

Multi Commodity Exchange of India Ltd. (MCX) is India's largest commodity derivatives exchange, offering a platform for trading in a wide range of commodity futures contracts, including gold, silver, crude oil, natural gas, base metals, and agricultural products. Headquartered in Mumbai and regulated by the Securities and Exchange Board of India (SEBI), MCX plays a vital role in price discovery and risk management for commodity market participants.