Transcript of Earnings Conference Call with investor(s)/analyst(s) on Q1 FY-2027 results is attached

MCX/SEC/2730 August 12, 2026 Listing Department BSE Limited, P.J. Towers, Dalal Street, Mumbai - 400001. Ref: Scrip code: 534091 Scrip ID: MCX Subject: Transcript of the “Earnings Conference Call” with investor(s)/analyst(s) on Q1 FY-2027 results. Dear Sir, Please find enclosed herewith transcript of the “Earnings Conference Call” with investor(s)/analyst(s) held on Wednesday, August 05, 2026, at 16.00 p.m. (IST) on Q1 FY-2027 results. The said transcript is also uploaded on the website of the Company at https://www.mcxindia.com/investor-relations/shareholder-information Further, we hereby confirm that no unpublished price sensitive information was shared/discussed during the said earnings call. Kindly take the same on record and acknowledge receipt. Thanking you, Yours faithfully, For Multi Commodity Exchange of India Limited Manisha Thakur Company Secretary Encl.: As above MULTI COMMODITY EXCHANGE OF INDIA LTD. EXCHANGE SQUARE, SUREN ROAD, ANDHERI (EAST), MUMBAI 400 093, INDIA. TEL: +91-22-6731 8888, FAX: +91-22-66494151, www.mcxindia.com CIN: L51909MH2002PLC135594, info@mcxindia.com “Multi Commodity Exchange of India Limited Q1 FY27 Earnings Conference Call” August 05, 2026 Disclaimer: This transcript is provided without express or implied warranties of any kind and should be read in conjunction with the accompanying materials published by the company. The information contained in the transcript is a textual representation of the company’s event and while efforts are made to provide an accurate transcription, there may be material errors, omissions, or inaccuracies in the reporting of the substance of the event. The transcript has been edited wherever required for clarity, correctness of data or transcription error. This document may contain “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward looking statements often address our expected future business and financial performance, often contain words such as “expects”, “anticipates, “intends”, “plans”, “believes”, “seeks”, “should” or “will”. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause our actual results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements. Page 1 of 20 Public Multi Commodity Exchange of India Limited Q1 FY27 Earnings Conference Call August 05, 2026 MANAGEMENT: Ms. Praveena Rai - Managing Director & Chief Executive Officer, MCX Mr. Manoj Jain - Executive Director; Regulatory, Compliance, Risk Management and Investor Grievances, MCX Mr. Sanjay Rajpal - Executive Director, Critical Operations, MCX Mr. Chandresh Shah - Chief Financial Officer, MCX Mr. Praveen DG - Chief Risk Officer, MCX Mr. Shivanshu Mehta - Head of Department, Bullion and Interim Charge of CBO Portfolio Page 2 of 20 Public Multi Commodity Exchange of India Limited Q1 FY27 Earnings Conference Call August 05, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Multi Commodity Exchange of India Limited Q1 FY27 Earnings Conference Call. Joining us on the call are Ms. Praveena Rai, Managing Director and CEO; Mr. Manoj Jain, Executive Director, Regulatory, Compliance, Risk Management and Investor Grievances; Mr. Sanjay Rajpal, Executive Director, Critical Operations; Mr. Chandresh Shah, Chief Financial Officer; Mr. Praveen DG, Chief Risk Officer; Mr. Shivanshu Mehta, Head of Department, Bullion and Interim Charge of CBO Portfolio. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Praveena Rai, MD and CEO, MCX. Thank you, and over to you, ma'am. Praveena Rai: Good evening, everybody. A warm welcome to all our shareholders, investors, analysts, other stakeholders, to this earnings conference call for the first quarter of FY27. We are pleased to begin FY27 with another quarter of strong operational and financial performance, reinforcing the structural growth in India's commodity derivatives market and the resilience of our business model. Q1 followed an exceptionally strong fourth quarter of FY26. There has been a consolidation of performance in Q1. Performance continues to reflect healthy year-on-year growth across all key financial parameters, I'll summarize a few. So, during the quarter, our total income increased by 85% to INR752 crores and revenue from operations grew to INR702 crores, which is an 88% growth. EBITDA more than doubled to INR544 crores, and there is a good EBITDA margin of 72% with a PAT at INR413 crores. This demonstrates the scalability of our business model and continued focus on efficiency. Underlying to this is strong fundamentals. The quarter witnessed very strong growth across the Average Daily Turnover, the ADT. This grew to INR10.5 lakh crores. Futures ADT grew by 47% year-on-year, and overall ADT showed growth over last quarter. Page 3 of 20 Public Multi Commodity Exchange of India Limited Q1 FY27 Earnings Conference Call August 05, 2026 The Notional Options ADT has also grown by 266%. So, this reflects increased market depth, deeper liquidity and wider adoption of commodity derivatives by market participants. Client participation is encouraging. Our traded client base doubled from previous year to 13.72 lakh clients this quarter. And this really highlights the increasing acceptance of commodity derivatives as an effective tool for both hedging as well as investments. Beyond financial performance, we continue to strengthen our product portfolio. We've had a whopper of a contract! We've had a very successful launch of the Silver 100 Grams Futures contract. This was a demand from the market given the price of silver. In a quick response to market demand, the product was launched and has already seen a very good performance, which we will talk about subsequently. And this has become a more accessible hedging as well as investment product for the participants. MCX price is another piece I would like to highlight. Towards the end of last quarter, we had a regulatory directive by which exchange discovered price was to be used by the AMCs for AUM calculations. We have worked very closely with the industry and have a number of AMCs, at least 50-plus AMCs, who are today using MCX bullion price as a reference for AUM calculations. A big action as far as the last quarter goes is really expansion of Good Delivery Norms. In line with a lot of policy narratives around the country on bullion, we've included silver and also empanelled the country's first domestic silver refiner. These norms align with best-in-class global standards at par with all global norms that have so far been followed in the country. Three more domestic gold refiners have also been empanelled, and the Good Delivery framework has also been extended across all contracts. So, these initiatives support the broader vision of promoting domestic refining and contributing to India's self- reliance in precious metals. It has been a step that has been much welcomed by the industry as well. Page 4 of 20 Public Multi Commodity Exchange of India Limited Q1 FY27 Earnings Conference Call August 05, 2026 Another industry milestone is we are at a very early stage of work on our coal exchange. On approval from the regulator, we have incorporated the MCX Coal Exchange of India and other procedural items are in play towards the next steps on this. This will create a transparent, efficient technology-driven national coal trading ecosystem aligned with the government's market reforms as well as our long-term strategy of expanding into new commodity segments. On the global s [Showing first 8,000 characters — download PDF for full document]