MCX shares rise 7% to hit all-time high as firm gets SEBI's nod to launch electricity derivatives

MCX MD and CEO Praveena Rai

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26 Aug, 2025 12:21

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Shares of MCX Ltd surged over 7% on June 9 after the commodity exchange got SEBI's nod to launch electricity derivatives.

The electricity derivatives contracts to be introduced by MCX will help power distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market, the commodity bourse said in a statement.

"These contracts will offer participants a reliable, transparent, and regulated platform to manage power price risks, which are becoming more dynamic due to renewables and market-based reforms," Praveena Rai, MD & CEO of MCX, said.

At 11 am on June 9, MCX shares were trading 6.5% higher at Rs 7,906 apiece after hitting all-time high of Rs 7,971 earlier in the day. The 52-week low of the stock is 3,612 and its market capitalisation is Rs 40,200 crore.

"With India's growing focus on renewable energy and open access power markets, electricity derivatives can serve as a vital bridge between the physical and financial sectors," she added.

MCX shares have seen a strong surge recently, rising over 16 percent in the past five days. The stock has jumped over 39 percent in the past one month.

Earlier in May, MCX had reported a net profit of Rs 135.5 crore for the fourth quarter of the financial year 2025. This marked a jump of over 54 percent from the Rs 87.9 crore net profit reported in the corresponding quarter of the previous financial year.

Also read: Our LIVE blog on stock market updates

Its revenue from operations meanwhile grew over 60 percent on-year to Rs 291 crore for Q4 FY25. Along with the Q4 results, MCX had announced a final dividend of Rs 30 per equity share for the financial year 2025, subject to shareholders' approval. It set August 8 as the record date to determine the eligibility of the shareholders set to receive the payment.