Primer: Tanla Platforms (TANS IN) - Aug 2026
Tanla Platforms is a dominant player in the Indian Communications Platform as a Service (CPaaS) market, with an estimated 35% market share,...
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Exchanges, Staffing and Internet (Q3FY26E Results Preview): Exchanges strong, staffing weak
Options revenue is estimated to rise 70.8% QoQ and futures revenue to expand 99.1% QoQ, taking total revenue to INR 6.46bn in Q3, up 72.6/114.3%...
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Exchanges, Staffing and Internet: Recovery in sight
The revenue from options is down 2.0% QoQ while futures revenue is up 4.6% QoQ. We expect MCX to post an EBITDA/PAT of INR 2.43/2.01bn, up +0.4/...
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Exchanges, Staffing and Internet (Q1FY26E Results Preview): A mixed bag
MCX: MCX is expected to report revenue growth of +27/57% QoQ/YoY, led by revenue growth in options (+24% QoQ) and futures (+46% QoQ)
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Exchanges, Staffing and Internet (Q4FY25E Results Preview): Softness persists
MCX is expected to report a revenue decline of 1.1% QoQ, led by a drop in options volume by ~6.1%, offset by 10% QoQ increase in futures volume
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